Schererville Office Condo For
940 W Us-30, Schererville, IN 46375
High-visibility office condo ideal for medical, professional, or service users.
Type:Office
Property size:
1,238 SFPrice / SF:
$233/SF- Added:
- Jan 31, 2026
- Days on Market:
- 146
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 940 W Us-30
General Information
- Standard status
- Active
- Size
- 1,238 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing office McColly Bennett Commercial Valparaiso
Listing date Jan 31, 2026
Source Crexi
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 McColly Bennett Commercial Valparaiso
HighLights
- High‑visibility location at the signalized corner of US 41 and US 30.
- Well‑suited layout for medical, professional, or service‑oriented users (formerly in‑home healthcare).
- 1,238 SF second‑floor office condo with four private offices, a conference room, and kitchenette.
- Ample shared parking with front and rear access, plus elevator and stair access to the second floor.
- ADA‑compliant private restroom and three lockable storage closets with built‑in shelving.
- Professionally managed building (POA) with CAM charged quarterly.
Overview
This 1,238 square foot second-floor office condo is located at the signalized corner of US 41 and US 30 in Schererville. Constructed in 2008 and built out in 2011, the suite features four private offices, a conference room, and a kitchenette. It also includes an ADA-compliant private restroom and three lockable storage closets with built-in shelving. The layout is suitable for medical, professional, or service-oriented users, having previously been occupied by an in-home healthcare provider. The building provides ample shared parking at both the front and rear, accessible from both entrances. The second-floor unit can be reached via elevator and stair access, and a common area restroom is available on site. A Property Owners Association (POA) is in place, utilizing a professional management company for building maintenance. Common Area Maintenance (CAM) is charged quarterly, allocated based on each unit's square footage. Zoned commercial, the property offers excellent exposure with strong traffic counts. New development is planned nearby. It is ideal for an owner-user or investor seeking a well-located office condo in a high-traffic corridor.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $25.92 |
| − Vacancy | −$3.2k | −$2.59 |
| EGI | $28.9k | $23.33 |
| − OpEx | −$11.6k | −$9.33 |
| NOI | $17.3k | $14.00 |
1,238 SF · lease $25.92/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$247.5K
$216.6K – $288.8K
NOI $17,328 @ 7.0% cap · market cap 6.00%
Second Best
Office B
$224.3K
$196.3K – $261.7K
NOI $15,704 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$345.6K
$302.4K – $403.2K
NOI $24,192 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Schererville
- County
- Lake
- State
- Indiana
- Longitude
- -87.473929
- Latitude
- 41.491135
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - High-visibility office condo ideal for medical, professional, or service users.
Where is this office units located?
The property is located at 940 W Us-30 Schererville, IN.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: High‑visibility location at the signalized corner of US 41 and US 30.; Well‑suited layout for medical, professional, or service‑oriented users (formerly in‑home healthcare).; 1,238 SF second‑floor office condo with four private offices, a conference room, and kitchenette.
