Property profile

1902-1908 Us Highway 41 Schererville, IN 46375

OFF-MARKET
Retail properties & Spaces
7,500 SF
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Property summary

AI-generated overview

This exceptional free-standing retail space, totaling 7,500 square feet, presents a unique opportunity in Schererville, Indiana. Currently, 2,000 square feet is available for lease in this single-suite building situated on a 0.63-acre lot. The property boasts a highly desirable C-3 zoning classification, allowing for a variety of commercial uses. Located at 1902-1908 US Highway 41, this property benefits from exceptional visibility and accessibility, directly on US Highway 41, just south of US 30, a major thoroughfare known as the "Crossroads of America." This high-traffic location sees over 28,000 vehicles daily, ensuring maximum exposure for your business. The property's strategic placement within Northwest Indiana's largest retail trade areas provides immediate access to a substantial customer base. Neighboring businesses include Basecamp Fitness and a soon-to-open Starbucks, further enhancing the area's appeal and drawing in significant foot traffic. A drive-thru option is available, adding to the property's versatility and appeal. The property is also available for sale or ground lease. This is an ideal opportunity for businesses seeking high visibility and a strong location within a thriving commercial area. The maximum contiguous space available for lease is 2,000 square feet.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1902-1908 Us Highway 41 Schererville, IN 46375
Schererville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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