0 Rte 30 & Austin Ave, Schererville, IN 46375
This exceptional 2.04-acre commercial land parcel presents a unique investment opportunity in the thriving town of Schererville, Indiana. Strategically located on Route 30 and Austin Avenue, this property boasts unparalleled visibility and accessibility. Situated near the recently constructed Dairy Queen, this site benefits from high traffic counts, with over 41,000 vehicles passing daily. The location offers easy access from both lanes of US-30 east of Austin Avenue, and from Austin Avenue itself, ensuring convenient ingress and egress for customers and employees. The property's "shovel-ready" status allows for immediate development, minimizing delays and maximizing return on investment. Its prime location in the shadow of the Residences at Deer Creek, an upscale assisted living facility, provides a strong demographic base for a variety of commercial ventures. This makes the site ideal for a restaurant, professional office, or other businesses seeking high visibility and convenient access in a rapidly growing area. The property is located in Lake County, Indiana, with a zip code of 46375. This is a rare opportunity to acquire a highly desirable commercial lot in a prime location with excellent potential for future growth.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.