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    OFF-MARKET
    Neighborhood centers

    1516-1530 Us 41, Schererville, IN 46375

    93,794 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Neighborhood centers
    Total area 93,794 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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