Commercial Real Estate Market in Schererville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
76 active listings and 1,239 off-market properties in Schererville, IN. Commercial property asks $34/SF to buy and $19.77/SF/Yr to lease.
Market Trends
Schererville, IN spans 12.8 square miles in Lake County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Schererville, IN asks $154/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Schererville, IN asks $126/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Schererville, IN asks $173/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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
Institutional
Residential
Highway Commercial
Residential Multifamily
Residential (R-1)
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.
24,051
Population
10,064
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,885
Density / Sq Mi
$89,646
Median Household Income
$51,448
Median Earnings
$1,250
Median Rent
$295,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Elliott | — | — |
| Saint John | — | — |
| Griffith | — | $11.84 |
| Dyer | — | $23.22 |
Commercial property in Schererville, IN asks $34/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Schererville?
Commercial property in Schererville, IN asks an average of $34 per square foot. Multifamily carries the highest asking price at $173/SF.
How much does it cost to lease commercial space in Schererville?
Asking lease rates in Schererville, IN average $19.77 per square foot per year.
Where does Realmo's Schererville market data come from?
Realmo compiles Schererville, IN figures from 53 active sale listings, 23 active lease listings, 1,239 tracked off-market properties, the current Schererville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 23 active for-lease listings in Schererville, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
