Land in Schererville for sale in by Latitude Commercial

Land in Schererville for sale in by Latitude Commercial
By: Contributor Last Updated: March 21, 2020

PROPERTY DESCRIPTION: Mixed Development opportunity located on US 30 in Schererville, IN. The entire parcel totals just over 29 acres made up of both residential and commercial development. The back portion of the property consists of 24.9 acres of prime, developable residential land, with a portion of the land within Dyer town limits. This is one of the most desirable areas in Northwest, IN to live and work in and has continued to grow over the last couple of years. The remaining 4.15 acres of C-3 land sits at the stoplight intersection of US 30 (Lincoln Highway) and St. John Road, part of it being in Dyer, IN. This is one of the few stoplight corners available and is located in one of Northwest, IN largest retail trade areas.

LOCATION DESCRIPTION: The Subject Property is located at the stoplight intersection of US 30 (Lincoln Highway) and St. John Road in Schererville, IN Schererville is a town in St. John Township, Lake County, Indiana. It is part of the Chicago MSA. Long before Indiana became a state, long before the founding of Schererville, people called this place the "Crossroads." Many residents of Schererville commute to work in downtown Chicago due to the city's proximity. Schererville is home to one of Northwest Indiana's premiere retail trade areas.

OFFERING SUMMARY

  • Sale Price: $1,320,000 - $3,195,000
  • Price / SF: $1.04
  • Lot Size: 29.05 Acres
  • Zoning: C-3, O-L
  • Traffic Count: 36,000

PROPERTY HIGHLIGHTS

  • 4.15 Acres of land in Schererville, IN zoned C-3
  • Rare Residential Development opportunity of 24.9 acres in Schererville and part of Dyer
  • Located in one of the fastest growing communities in Northwest, IN
  • Stoplight intersection
  • Owner is willing to subdivide down to 1 acre
  • Over 30,000 vehicles per day on US 30