Storefront Property with Open
For Sale
$698,500
1312 W Lincoln Highway, Schererville, IN 46375
SINGLE_FAMILY - Schererville, IN
Property Size3,850 SF
Lot Size0.93 Acres
Price / SF$181.43
Days on Market189
Property Features for 1312 W Lincoln Highway
General Information
Property type
Residential
Property subtype
Retail
Rooms
Basement
Parking
7739
Interior features
Open Floorplan
Directions
US 30 just east of US 41 on the north side.
Standard status
Active
APN
451117126010000036
Size
3,850 SF
Lot size
0.93 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
E. 100 FT. OF W. 525 FT. OF PT NE NW N. OF LINCOLN HWY EX. N. 450.01 FT. S.17 T. 35 R.9 .93 AC
Tax Annual Amount
6743
Legal Description
E. 100 FT. OF W. 525 FT. OF PT NE NW N. OF LINCOLN HWY EX. N. 450.01 FT. S.17 T. 35 R.9 .93 AC
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1956
Listing Agency:
McCormick Real Estate, Inc.
(219) 663-9300
Listed By:
Jeff McCormick · License #RB14033291
(219) 613-5643
Added: Feb 8
Changed: Jul 30
Last Checked: Aug 16 at 11:06PM
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.
Investment Insights
Based on property information with market context.
Position your business at 1312 W Lincoln Highway, a storefront property on a 0.93-acre lot. The building includes an open floor plan and a basement, with forced-air heating powered by natural gas. Public water and public sewer service are available, and cable is listed as available, supporting a wide range of office, medical, retail, or service-based uses.
The property is located along a heavily traveled corridor in Schererville, with exposure and access on US 30. The site is described as offering easy ingress and egress and signage opportunities directly on US 30.
Built in 1956, this flexible space is intended to accommodate a variety of operating requirements while maintaining straightforward day-to-day functionality for tenants looking for convenient access and a prominent storefront presence.
The property is located along a heavily traveled corridor in Schererville, with exposure and access on US 30. The site is described as offering easy ingress and egress and signage opportunities directly on US 30.
Built in 1956, this flexible space is intended to accommodate a variety of operating requirements while maintaining straightforward day-to-day functionality for tenants looking for convenient access and a prominent storefront presence.
Key Highlights
- 0.93‑acre lot for a storefront property at 1312 W Lincoln Highway
- 3,850 SF building with open floor plan and basement
- US 30 frontage with signage opportunities and easy ingress/egress
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,888
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,077,760
$1.1M
Cap Rate 7%
$769,829
$769.8K
Cap Rate 9%
$598,756
$598.8K
Market Conditions
NOI Build-Up for 3,850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$99.8K $25.92/SF
− Vacancy
−$10.0K −$2.59/SF
EGI
$89.8K $23.33/SF
− OpEx
−$35.9K −$9.33/SF
NOI
$53.9K $14.00/SF
Area
Lake County, IN
Vacancy
10.00%
Lease Rate
$25.92 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,077,760
Cap Rate 7%
$769,829
Cap Rate 9%
$598,756
Alternative Uses
Best Use
Healthcare Medical
$769.8K
$673.6K – $898.1K
NOI $53,888 @ 7.0% cap · market cap 7.71%
Second Best
Office B
$697.7K
$610.5K – $813.9K
NOI $48,836 @ 7.0% cap · market cap 6.99%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - 0.93-acre storefront property with open floor plan, forced-air natural gas heat, and public water and sewer.
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: 0.93‑acre lot for a storefront property at 1312 W Lincoln Highway; 3,850 SF building with open floor plan and basement; US 30 frontage with signage opportunities and easy ingress/egress
