1516-1530 Us 41, Schererville, IN 46375
This exceptional retail and office opportunity is located at 1516-1530 US 41 in Schererville, Indiana, within the thriving Chicago MSA. Fountain Park Shopping Center boasts 93,794 square feet on a 6.38-acre lot, zoned C-3. Currently, 42,000 square feet of space is available for lease, divisible down to approximately 5,000 square feet, with a maximum contiguous space of 42,000 square feet. The property enjoys a prime location directly on US 41, offering maximum visibility and exposure in a high-traffic area just north of US 30. This strong retail center features a diverse tenant mix including Twin Peaks, Midwest Express Clinic, Ciao Bella, American Renal, and Rise N Roll, ensuring a vibrant and established customer base. The available space is suitable for a variety of uses, including retail, office, or medical, presenting a unique chance to establish a presence in one of Northwest Indiana's premier retail trade areas. Lake County's strategic location and proximity to Chicago make this an attractive investment for businesses seeking high visibility and access to a large consumer market. The property offers significant potential for growth and success within a well-established and successful shopping center.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.