Schererville Restaurant/Retail Space
For Lease
$24 SF/Yr
1516-1530 US 41, Schererville, IN 46375
Restaurant and retail spaces for lease in Schererville, Indiana.
Space Size1,630 SF - 6,000 SF
Property Size93,794 SF
Days on Market136
Property Features for 1516-1530 US 41
General Information
Standard status
Active
Size
1,630 SF - 6,000 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
93,794 SF
Spaces For Lease
at 1516-1530 US 41 Contact us- Size
- 6,000 SF
- Type
- Strip Center
- Term
- Negotiable
1538 US 41 $24 – $28/SF/Yr
- Size
- 1,630 SF
- Term
- Negotiable
Inline former restaurant $34/SF/Yr
Listing Agency:
Latitude Commercial
(219) 545-4328
Listed By:
Brett McDermott, CCIM · License #IN #RB14050416
(219) 545-4328
Source:
Latitudeco
Added: Apr 8
Changed: Aug 20
Last Checked: Aug 20 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Latitude Commercial
Investment Insights
Based on property information with market context.
Restaurant and retail spaces are available for lease in Schererville, Indiana. A 1,630-square-foot space and a 4,523-square-foot fully built-out restaurant with a 3-way liquor license are available. Additionally, a 6,000-square-foot in-line retail unit is available. The property is located directly on US 41, offering maximum exposure in one of the strongest trade areas in Northwest Indiana, just north of US 30. The tenant lineup includes Twin Peaks, Midwest Express Clinic, Ciao Bella, American Renal, and Rise N Roll. Floor & Decor is coming in 2026.
Key Highlights
- Located on US 41 in a strong Northwest, IN trade area with maximum exposure.
- 4,523 SF fully built‑out restaurant space available with a 3‑way liquor license.**
- Strong tenant mix including Twin Peaks, Midwest Express Clinic, Rise N Roll, and others.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
611k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Superstores 20%
Shops & Services 14%
Groceries 14%
Walmart
Superstores
123,011 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
65,889 visits/mo
0.4 miles
Strack & Van Til
Groceries
47,792 visits/mo
0.3 miles
Portillo's
Dining
42,680 visits/mo
0.3 miles
AMC Schererville 16
Leisure
40,156 visits/mo
0.4 miles
Demographics for 46375, IN
24,051
Population
10,064
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,879
Density / Sq Mi
$89,646
Median Household Income
$51,448
Median Earnings
$1,250
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant and retail spaces for lease in Schererville, Indiana.
Where is this restaurant located?
The property is located at 1516-1530 US 41 Schererville, IN.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Located on US 41 in a strong Northwest, IN trade area with maximum exposure.; 4,523 SF fully built‑out restaurant space available with a 3‑way liquor license.**; Strong tenant mix including Twin Peaks, Midwest Express Clinic, Rise N Roll, and others.
