Schererville Lounge now for Sale in Schererville, IN. The Building is 7,038 SF in total with the restaurant being 3,000 SF on the main floor. Restaurant includes Full Bar, extremely clean and well kept kitchen w/hood, and newly remodeled dining room in 2024. All of the FF&E is included in the sale of the building. There is a full basement that serves as storage for the restaurant. The upstairs includes and office with bath as well as a newly remodeled 3 bedroom/1 bathroom apartment with a tenant in place for additional income. 25 parking space lot that was recently resealed. Great location across from the Schererville police station and town hall. The subject property is located on in downtown Schererville across the street from the Schererville Police Station and Town Hall. Schererville is a town in St. John Township, Lake County, Indiana. The population was 29,646 at the 2020 census. 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.