Schererville, IN Development Land

1550 US 30 Schererville, IN 46375

FOR SALE
Property Type:
Other Land
Amount:
$1,320,000
Last Verified:
Jan 23, 2020

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

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.

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.

Lot Size: 29.05 acres

Map of 1550 US 30, Schererville, IN, 46375

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.