Commercial Real Estate Market in Schererville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
40 active listings and 1,239 off-market properties in Schererville, IN. Commercial property asks $176/SF to buy and $21.50/SF/Yr to lease (based on 8 listings).
Market Trends
Schererville, IN spans 12.8 square miles in Lake County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Schererville, IN has a median asking sale price of $176/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Schererville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Schererville, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Schererville, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 44.6%
- Residential 22.6%
- Mixed use 12%
- Industrial 10.1%
- Agricultural 2.4%
- Commercial 1.2%
Largest Zones share of zoned land by district
Residential Districts Refers to R-1, R-2, and R-3 Zoning Districts. Residential Use A use permitted under TITLES IV-VI of this Ordinance. Restaurant A lot upon whic h food or beverages are cook ed or prepared and offered for sale and where consumption is permitted on the premises, whether or not entertainment is offered, and includes establishments commonly…
Market overview
Demographics & Economy
Schererville, IN has 24,051 residents in 10,064 households. Density runs 1,885 people per square mile. Median household income here is $89,646 and median gross rent $1,250 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Dyer | $197 | $26.00 |
| Highland | $155 | $16.00 |
| Crown Point | $186 | $11.59 |
Commercial property in Schererville, IN asks $176/SF. The 3 bordering markets run from $155/SF in Highland to $197/SF in Dyer, and the city sits below their $186/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Schererville?
How much does it cost to lease commercial space in Schererville?
How does Schererville compare to nearby markets on price?
Where does Realmo's Schererville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 17 active for-sale and 23 active for-lease listings in Schererville, IN. The medians are based on 12 of the for-sale and 8 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 9,606 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
