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    2193 Austin Ave Schererville, IN 46375

    Sponsored
    For Sale
    $275,000

    Prime .8-acre lot, ideal restaurant/office.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 2193 Austin Ave

    General Information

    Property type
    Restaurants
    Lot Size
    34,412 SF

    HighLights

    • 0.79‑acre commercial lot at 2193 Austin Avenue, Schererville, IN 46375.
    • Excellent visibility and accessibility at a signalized intersection off US‑30, with 41,000 vehicles per day (VPD).
    • Suitable for restaurant, coffee shop, fast food, or professional office uses.
    • Located near a new Dairy Queen and the Residences at Deer Creek, a high‑end assisted living facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Schererville
    County
    Lake
    State
    Indiana
    Longitude
    -87.4461087
    Latitude
    41.4827735

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    FAQs

    What type of property is this?
    Restaurant - Prime .8-acre lot, ideal restaurant/office.
    Where is this restaurant located?
    The property is located at 2193 Austin Ave Schererville, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 0.79-acre commercial lot at 2193 Austin Avenue, Schererville, IN 46375.; Excellent visibility and accessibility at a signalized intersection off US-30, with 41,000 vehicles per day (VPD).; Suitable for restaurant, coffee shop, fast food, or professional office uses.
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    Schererville, IN 46375
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    Realmo Value Estimation

    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.

    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.

    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
    2193 Austin Ave Schererville, IN 46375
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