Property profile

1516-1530 Us 41 Schererville, IN 46375

OFF-MARKET
Neighborhood centers
93,794 SF
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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

Location

1516-1530 Us 41 Schererville, IN 46375
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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