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    Rte 30 & Austin Ave Schererville, IN 46375

    Sponsored
    For Sale
    Contact for pricing

    Prime US-30 location, high visibility, shovel-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.04-acre commercial land parcel presents a unique investment opportunity in the thriving town of Schererville, Indiana. Strategically located on Route 30 and Austin Avenue, this property boasts unparalleled visibility and accessibility. Situated near the recently constructed Dairy Queen, this site benefits from high traffic counts, with over 41,000 vehicles passing daily. The location offers easy access from both lanes of US-30 east of Austin Avenue, and from Austin Avenue itself, ensuring convenient ingress and egress for customers and employees. The property's "shovel-ready" status allows for immediate development, minimizing delays and maximizing return on investment. Its prime location in the shadow of the Residences at Deer Creek, an upscale assisted living facility, provides a strong demographic base for a variety of commercial ventures. This makes the site ideal for a restaurant, professional office, or other businesses seeking high visibility and convenient access in a rapidly growing area. The property is located in Lake County, Indiana, with a zip code of 46375. This is a rare opportunity to acquire a highly desirable commercial lot in a prime location with excellent potential for future growth.

    Property Features for 0 Rte 30 & Austin Ave

    General Information

    Property type
    Land
    Lot Size
    88,862 SF

    HighLights

    • Easy access from both lanes of US‑30 East of Austin Ave and from Austin Ave.
    • Excellent location for restaurant or professional office.
    • Adjacent to a newly built Dairy Queen.
    • High traffic count of 41,000 vehicles per day (VPD), near the Residences at Deer Creek assisted living facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Schererville
    County
    Lake
    State
    Indiana
    Longitude
    -87.4465906
    Latitude
    41.4844805

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    FAQs

    What type of property is this?
    Land - Prime US-30 location, high visibility, shovel-ready.
    Where is this land located?
    The property is located at Rte 30 & Austin Ave Schererville, IN.
    What are key features of this property?
    This property features: Easy access from both lanes of US-30 East of Austin Ave and from Austin Ave.; Excellent location for restaurant or professional office.; Adjacent to a newly built Dairy Queen.
    (219) 508-0554
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    Rte 30 & Austin Ave 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

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    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
    Rte 30 & Austin Ave Schererville, IN 46375
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