Freestanding Storefront with Open
1312 W Lincoln Highway, Schererville, IN 46375
For Sale
$698,500
Commercial Sale, Schererville, IN
Property Size3,850 SF
Lot Size0.93 Acres
Price / SF$181.43
Days on Market276
Property Features for 1312 W Lincoln Highway
General Information
Property type
Property subtype
Rooms
Parking
Interior features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Listing Agency:
McCormick Real Estate, Inc.
(219) 663-9300
Listed By:
Jeff McCormick · License IN RB14033291
(219) 613-5643
Added: Feb 8
Changed: Nov 10
Last Checked: Nov 10 at 5:06PM
MLS# 833760
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,850-square-foot freestanding storefront at 1312 W Lincoln Highway offers an open floorplan with a basement, forced-air heating, and natural gas service. Built in 1956, the property includes public water and public sewer, with cable available. Its flexible interior supports office, medical, retail, or service-based operations as described in the property information.
The 0.93-acre site fronts W Lincoln Highway in Schererville and provides access to US 30, along with ample parking and signage opportunities. The property is positioned near retail, dining, and service businesses, including national retailers and established local businesses.
The 0.93-acre site fronts W Lincoln Highway in Schererville and provides access to US 30, along with ample parking and signage opportunities. The property is positioned near retail, dining, and service businesses, including national retailers and established local businesses.
Key Highlights
- 3,850‑square‑foot storefront on a 0.93‑acre site
- Open floorplan with basement space
- Built in 1956 with forced‑air heating and natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,100
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,000
$742.0K
Cap Rate 7%
$530,000
$530.0K
Cap Rate 9%
$412,222
$412.2K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$55.4K $14.40/SF
− Vacancy
−$2.4K −$0.63/SF
EGI
$53.0K $13.77/SF
− OpEx
−$15.9K −$4.13/SF
NOI
$37.1K $9.64/SF
Area
Lake County, IN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,000
Cap Rate 7%
$530,000
Cap Rate 9%
$412,222
Alternative Uses
Best Use
Retail
$530.0K
$463.8K – $618.3K
NOI $37,100 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.07M
$940.4K – $1.25M
NOI $75,234 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 12%
Hotels & Casinos 10%
Culver's
Dining
19,715 visits/mo
0.4 miles
KFC
Dining
6,404 visits/mo
0.5 miles
BP
Shops & Services
3,688 visits/mo
0.2 miles
Aurelio's Pizza
Dining
2,834 visits/mo
0.1 miles
Pepe's Mexican Restaurant
Dining
1,946 visits/mo
0.2 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
$295,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Lake County, IN
Properties on Market for Storefront properties in Lake County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with public utilities, ample parking, and direct signage opportunities along US 30.
Where is this storefront property located?
The property is located at 1312 W Lincoln Highway Schererville, IN.
What is the asking price?
The asking price for this property is $698,500.
What are key features of this property?
This property features: 3,850‑square‑foot storefront on a 0.93‑acre site; Open floorplan with basement space; Built in 1956 with forced‑air heating and natural gas
