Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Regional Corridor Title is generated by Realmo AI

    701-717 Us Highway 41, Schererville, IN 46375

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in a high-traffic, affluent area.

    Type:Retail
    Added:
    Nov 22, 2025
    Days on Market:
    189
    Last Refresh:
    May 19 at 8:53 pm

    Property Features for 701-717 Us Highway 41

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 701-717 Us Highway 41 Contact us

    We can help!

    Listing Contact
    Sean McCourt
    Sean McCourt

    Listing agent Sean McCourt

    Listing office CBRE | Chicago

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Chicago

    HighLights

    • High‑Traffic Location: Over 39,000 Vehicles Per Day (VPD) and traffic lights at the entrance.
    • Proximity to Major Retailers: Located near Whole Foods, Walmart, TJ Maxx, Dicks, Barnes & Noble, Lowes, Kohls, and more.
    • Regional Retail Corridor: Over 2 Million SF of Retail within 1.5 Miles.
    • Major Anchor Traffic: Join Petsmart & Lowes in a 260,000 SF Center.
    • Affluent Customer Base: Average Household Income of $95,230.
    • Great Visibility and Access: Pylon signage opportunities.

    Overview

    Located in a regional retail corridor with over 2 million square feet of retail space within 1.5 miles, this property is near several major retailers, including Whole Foods, Walmart, TJ Maxx, Dick's, Barnes & Noble, Lowe's, and Kohl's. The location offers visibility and access, with traffic counts exceeding 39,000 vehicles per day. Pylon signage opportunities are available. The 260,000 square foot center is anchored by Petsmart and Lowe's. The average household income in the area is $95,230.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Town Square shopping Center — 40-124 Indianapolis Blvd, Schererville, IN 46375
    • Spring Prairie — 2715 Main St, Highland, IN 46322
    • Main Street Commons — 831 Main St, Schererville, IN 46375
    • Highland Grove Shopping Center — 10300 Indianapolis Blvd, Highland, IN 46322

    Location Insight

    • Map
    • Local Demand
    City
    Schererville
    County
    Lake
    State
    Indiana
    Longitude
    -87.4713
    Latitude
    41.516

    Nearby Similar for Lease

    • $3,834/Mo
      2,000 SF

      Turnkey Professional Office Suite

      Modern, well-maintained office suite ideal for various professional uses.
      1120 W U.s. 30, Schererville, IN 46375
      View Details
    • Contact for pricing
      6,000 SF

      Schererville Restaurant/Retail Space Available

      Restaurant and retail spaces for lease in Schererville, Indiana.
      1516-1530 US 41, Schererville, IN 46375
      View Details
    • Contact for pricing

      Retail Space on US Highway

      Retail center with high visibility on US Highway 41.
      7725 US Highway 41, Schererville, IN 46375
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Schererville Commons

      Retail spaces available in a new Schererville retail center.
      275 US 30, Schererville, IN 46375
      View Details
    • $34 SF/Yr
      42,000 SF

      Retail Space on US 41

      42,010 SF retail opportunity in Schererville, Indiana.
      1516-1530 US 41, Schererville, IN
      View Details
    • $4,100/Mo
      1,215 SF

      Retail Space in Schererville, IN

      Retail space for lease inside Strack & Van Til.
      1505-1525 US Hwy 41, Schererville, IN
      View Details
    • Contact for pricing
      23,459 SF

      Modern Office Space Available

      Modern, flexible office spaces in a convenient Schererville location.
      Schererville, IN 46375
      View Details
    • $17 SF/Yr
      3,300 SF

      Schererville Office Space For Rent

      Office space with Route 30 exposure and flexible floor plans.
      5261 Fountain Dr, Schererville, IN
      View Details
    • $17 SF/Yr
      6,000 SF

      Schererville Office Space For Rent

      Office spaces with flexible floor plans and Route 30 exposure.
      5201 Fountain Dr, Schererville, IN
      View Details
    • $21 SF/Yr
      3,204 SF

      Schererville Office Space Available

      Elegant office space in Plum Creek Center available for rent.
      Indianapolis Blvd 322, Schererville, IN
      View Details
    • Contact for pricing
      4,160 SF

      Retail Space in Town Square

      4,160 SF retail space in Schererville shopping district.
      40-124 Indianapolis Blvd, Schererville, IN
      View Details
    • Contact for pricing
      1,233 SF

      Retail Space in Schererville Center

      Retail space available in a busy Schererville power center.
      79 U.S. Highway 41, Schererville, IN 46375
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in a high-traffic, affluent area.
    Where is this shopping center located?
    The property is located at 701-717 Us Highway 41 Schererville, IN.
    What are key features of this property?
    This property features: High‑Traffic Location: Over 39,000 Vehicles Per Day (VPD) and traffic lights at the entrance.; Proximity to Major Retailers: Located near Whole Foods, Walmart, TJ Maxx, Dicks, Barnes & Noble, Lowes, Kohls, and more.; Regional Retail Corridor: Over 2 Million SF of Retail within 1.5 Miles.
    (312) 297-7688
    We can help!
    Listing Contact
    Sean McCourt
    Sean McCourt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    701-717 Us Highway 41, Schererville, IN, 46375
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!