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Property profile

1302 Lincoln Hwy Schererville, IN

OFF-MARKET
Retail properties & Spaces
0.69 ac lot Built 2006
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Property summary

AI-generated overview

This 3200 square foot commercial building, constructed in 2006, sits on a 0.69-acre lot at 1302 W Lincoln Highway in Schererville, Indiana. Boasting 100 feet of road frontage on the heavily trafficked Route 30 (approximately 40,000 cars daily), this property offers exceptional visibility and accessibility. Currently operating as an auto transmission repair shop, the building features five overhead doors, five auto lifts, a 17-foot (sloping to 14-foot) ceiling in the main shop area, two offices, a customer waiting room, and two bathrooms. Additional amenities include a mechanics room, two electric panels, a furnace, and a large storage/parts room with a tall ceiling. The building is well-maintained, with block and metal siding, and includes existing business signage. The property is served by Lake Michigan city water and city sewers, and utilizes a natural gas heating system provided by NIPSCO. Its strategic location near the Indiana/Illinois border, Route 41, and Highways 394 and 30 provides easy access to a large customer base. The property's proximity to St. John and Dyer offers a diverse pool of potential employees. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes and residential areas in Northwest Indiana's thriving market. A floor plan is available upon request.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2006
Lot 0.69 ac (30,056 SF)

Cap rate & NOI

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

Location

1302 Lincoln Hwy Schererville, IN
Schererville metro
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Value estimations

Realmo proprietary · 4 methods
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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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