833 W Lincoln Hwy - Office FOR SALE


Schererville, IN 46375
$14,000,000 USD
312-402-0737
833 W Lincoln Hwy, Schererville, IN for Sale
$14,000,000 USD
Office - FOR SALE
1/5
null | 8.58% Cap Rate

833 W Lincoln Hwy
Schererville, IN 46375


HIGHLIGHTS

  • Strategically positioned at a major retail intersection
  • Newly upgraded 24-hour security access card system and surveillance
  • Building signage opportunities available for tenant branding
  • Comcast High-Speed Internet/Cable
  • Schererville Lifestyle Centers bringing an additional 850,000 square feet of retail and restaurants
  • Intersection of US Highway 30 and US Highway 41 sees traffic volumes of upwards of 90,000 vehicles per day

OVERVIEW

The Crossings of Schererville presents an exceptional investment opportunity in one of Northwest Indiana’s most prominent commercial corridors. This four-story, Class B office building encompasses 115,288 square feet and sits on a 5.22-acre parcel at the highly visible intersection of Indianapolis Boulevard (US-41) and W Lincoln Highway (US-30). The property is currently 78% occupied, offering both stable in-place income and upside potential through lease-up of remaining vacancies. The asset features a full suite of tenant amenities, including a fitness center, conference facilities, kitchen/café, and a dramatic three-story atrium with a waterfall feature. Recent renovations have modernized common areas and improved building systems, while solar power installation underscores the property’s commitment to energy efficiency. Located just 33 miles from downtown Chicago, the property provides businesses with a cost-effective alternative to Illinois while maintaining proximity to the Chicago metropolitan market. The site benefits from excellent regional connectivity, with easy access to major highways and Chicago Midway International Airport. Surrounding amenities include national retailers, restaurants, and lodging options, enhancing convenience for tenants and visitors. With its strong tenant roster, including several Fortune 500 companies, and a pro-forma cap rate of 6.54%, The Crossings of Schererville offers investors a stabilized asset with long-term growth potential in a business-friendly Indiana environment.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

8.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Crossings of Schererville

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

5.57 AC

LAND SF

242,629 SF

ZONING

B

APN/PARCEL ID

45-11-17-227-011.000-036

ASK ABOUT THIS PROPERTY

Tad LagesteeGAINMore Info
312-402-0737

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Tad LagesteeGAINMore Info
312-402-0737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.