Property profile

2193 Austin Ave Schererville, IN 46375

FOR SALE
Commercial land
Property ID
US31-1857543
0.79 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.79-acre commercial lot at 2193 Austin Avenue in Schererville, Indiana (zip code 46375), presents a rare development opportunity. Located at a signalized intersection off US-30, this "shovel-ready" site boasts unparalleled visibility and accessibility. The property's strategic position offers easy access from both lanes of US-30 East of Austin Avenue, and from Austin Avenue itself. Its high-traffic location, with 41,000 vehicles passing daily, places it in the shadow of the Residences at Deer Creek, a high-end assisted living facility, ensuring a consistent flow of potential customers. The lot's zoning allows for a variety of uses, making it perfect for a restaurant, coffee shop, fast-food establishment, or professional office space. The proximity to a recently constructed Dairy Queen further underscores the area's commercial viability and potential for success. This is a unique chance to acquire a highly desirable commercial property in a thriving Indiana community. The asking price is $275,000. Don't miss this opportunity to establish your business in a prime location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.79 ac (34,412 SF)
APN 45-11-15-329-007.000-036
UPID US31-1857543

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2193 Austin Ave Schererville, IN 46375
Schererville metro Census 42702 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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