Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    36-138 Indianapolis Blvd Schererville, IN 46375
    Back to Search
    Property profile & analytics

    36-138 Indianapolis Blvd Schererville, IN 46375

    View on Map
    • Retail properties & Spaces
    • 138,523 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 36-138 Indianapolis Blvd

    Property size
    138,523 SF
    Property type
    Retail properties & Spaces

    Description

    This prime retail property, Town Square Shopping Center, located at 36-138 Indianapolis Blvd in Schererville, Indiana (zip code 46375), offers 138,523 square feet of total building space. Currently, there is one available space totaling 4,170 square feet, perfect for a variety of retail businesses. The center boasts a high-traffic location in Lake County, Indiana, ensuring excellent visibility and customer access. The property's multiple tenancy structure provides a diverse and vibrant shopping environment. This presents a unique opportunity for businesses seeking a well-established location with significant foot traffic. The property's size and location make it ideal for expansion or a new business venture. The available space is ready for immediate occupancy, allowing for a quick start to operations. With its strategic location and ample space, this retail center offers a strong return on investment. The property is classified as commercial retail and is situated at 41.5220451 latitude and -87.4719036 longitude. Serious inquiries are encouraged to explore this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Schererville
    County
    Lake
    State
    Indiana
    Longitude
    -87.4719
    Latitude
    41.522

    Comparable in this City

    • Value Estimation by Request
      6.00 Acres

      410 Lincoln Hwy

      Land • 26,000 SF
      410 Lincoln Hwy, Schererville, IN 46375
      View Details
    • Value Estimation by Request
      9,320 SF

      275 Us-30

      Retail properties & Spaces • 9,320 SF
      275 Us-30, Schererville, IN 46375
      View Details
    • Value Estimation by Request
      87,823 SF

      1515 Us-41

      Neighborhood centers • 87,823 SF
      1515 Us-41, Schererville, IN 46375
      View Details
    • Value Estimation by Request

      29 Us-41 Schererville In 46375

      Individual retail properties
      29 Us-41 Schererville In 46375, Schererville, IN 46375
      View Details
    • Value Estimation by Request
      7,500 SF

      1902-1908 Us Highway 41

      Individual retail properties • 7,500 SF
      1902-1908 Us Highway 41, Schererville, IN 46375
      View Details
    • Value Estimation by Request
      6.00 Acres

      410 Lincoln Hwy

      Retail properties & Spaces • 6.00 Acres
      410 Lincoln Hwy, Schererville, IN 46375
      View Details

    Similar Nearby for Sale

    • $4,750,000
      6.00 Acres

      Schererville Retail Center - Highway Frontage

      High-traffic retail space, ample parking. Excellent highway visibility.
      410 Lincoln Hwy, Schererville, IN 46375
      View Details
    • Contact for pricing

      Commercial Property on US-30

      Commercial property suitable for restaurant, office, or retail use.
      311 Us Highway 30, Schererville, IN 46375
      View Details
    • Contact for pricing

      Schererville Retail Build-to-Suit Opportunity

      Free-standing retail build to suit with drive-thru in Schererville.
      1902-1908 Us Highway 41, Schererville, IN 46375
      View Details
    • Contact for pricing

      Dominant Community Center For Sale

      Community center in Schererville, Indiana available for purchase.
      40 Indianapolis Blvd, Schererville, IN 46375
      View Details
    • $699,000
      3,850 SF

      Retail Space with High Visibility

      Commercial space with high foot traffic and income potential.
      1312 W Lincoln Hwy, Schererville, IN 46375
      View Details
    • $310,000
      Pending

      Schererville Land on US 30

      3.26 acre commercial vacant land on US 30 for sale.
      6340-6363 W Lincoln Hwy, Schererville, IN 46375
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on High-Traffic Road

      New retail development on Schererville's main road.
      121 Us Highway 41, Schererville, IN 46375
      View Details
    • Contact for pricing

      Schererville Restaurant/Retail Space Available

      Restaurant and retail spaces for lease in Schererville, Indiana.
      1516-1530 Us Highway 41, Schererville, IN 46375
      View Details
    • Contact for pricing
      1,979 SF

      New Retail Center in Schererville

      New retail spaces available in a high-traffic area.
      275 Us Highway 30, Schererville, IN 46375
      View Details
    • $34 SF/Yr
      4,523 SF

      Retail Space on US 41

      42,010 SF retail opportunity in Schererville, Indiana.
      1516-1530 Us Highway 41, Schererville, IN 46375
      View Details
    • $3,834 /Mo
      2,000 SF

      Turnkey Professional Office Suite

      Modern, well-maintained office suite ideal for various professional uses.
      1120 W U.s 30, Schererville, IN 46375
      View Details
    • $4,100 /Mo
      1,215 SF

      Retail Space in Schererville, IN

      Retail space for lease inside Strack & Van Til.
      1505-1525 Us Highway 41, Schererville, IN 46375
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    36-138 Indianapolis Blvd
    Schererville, IN 46375
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    36-138 Indianapolis Blvd, Schererville, IN, 46375
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!