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Restaurant with Liquor License
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1924 US 41, Schererville, IN 46375

Fully built-out restaurant with an existing commercial kitchen and on-site parking.

Property SizeContact for details
Days on Market144

Property Features for 1924 US 41

General Information

Standard status Active
Property subtype Retail
Listing Agency: Latitude Commercial
Listed By: Myles Rapchak · License #IN RB14052315
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:37PM

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.

This 7,020-square-foot restaurant building occupies 1.20 acres and includes a fully equipped commercial kitchen. The improvements were maintained during the property's operating period, which continued through 1/10/2020. A 3-way Schererville Liquor license is included with the property, along with on-site parking and existing signage.

The property is positioned along Indianapolis Boulevard, also designated US Highway 41, just south of 77th Avenue in Schererville, Indiana. Reported traffic counts exceed 30,000 VPD on US 41 and 40,000 VPD on US 30. Its location places the restaurant within Schererville's established retail trade area and the Chicago MSA.

Key Highlights

  • 7,020 SF restaurant building on 1.20 acres
  • 3‑way Schererville Liquor license included
  • Fully built‑out restaurant and commercial kitchen

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Garden Center HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

850
Businesses Nearby
388k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 33% Superstores 32% Shops & Services 18% Groceries 12%
Walmart Superstores
123,011 visits/mo 0.3 miles
Strack & Van Til Groceries
47,792 visits/mo 0.5 miles
Dollar Tree Shops & Services
26,321 visits/mo 0.3 miles
McDonald's Dining
21,128 visits/mo 0.0 miles
Culver's Dining
19,715 visits/mo 0.3 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully built-out restaurant with an existing commercial kitchen and on-site parking.
Where is this conventional restaurant located?
The property is located at 1924 US 41 Schererville, IN.
What are key features of this property?
This property features: 7,020 SF restaurant building on 1.20 acres; 3‑way Schererville Liquor license included; Fully built‑out restaurant and commercial kitchen
(219) 864-0200 Call to check price and availability
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