Schererville, IN
Commercial Real Estate Market Trends & Data

$176 Avg asking sale price
$19 Avg asking lease rate
4,953 SF Avg unit lease size
17,440 SF Avg building size for sale
7.91% Average cap rate

Schererville's Demographic Profile

Schererville has 11,557 households and a median income of $80,312, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 27,253
# Households 11,557
Median age 45
Median household income $80,312
Avg household size 2.0
Renter-occupied housing units 2,679
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Schererville, IN

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Retail Markets Avg Cost/SF Typical Size
Schererville $201 16,358 SF
Saint John $202 8,100 SF
Dyer $150 17,832 SF
Highland $309 211,037 SF
Munster $311 54,669 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Schererville $137 4,471 SF 8.09%
Munster $378 6,082 SF 8.26%
Merrillville $137 4,471 SF 8.09%
Lansing $194 7,537 SF 8.26%

Commercial Properties For Sale in Schererville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

9721 Prairie Ave

Highland, IN 46322

  • 11,564 SF Office Building
  • $229,000
For Sale

Peoples Bank

Schererville, IN 46375

  • 9,410 SF Retail Building
  • 7.14% Cap Rate
  • $4,816,000
For Sale

910 Richard Rd

Dyer, IN 46311

  • 4,000 SF Office Building
  • $649,000
For Sale

9721 Prairie Ave

Highland, IN 46322

  • 11,564 SF Office Building
  • $429,000
For Sale

10425 Calumet Ave

Munster, IN 46321

  • 2 AC Lot
  • 1 Commercial Lot
  • $1,350,000
For Sale

Tri-Town Commons

Saint John, IN 46373

  • 15,330 SF Retail Building
  • $255,000 - $514,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

5 Key Questions About Note/Loan Sales, Answered
5 Key Questions About Note/Loan Sales, Answered
An Expert Broker Provides Guidance on Advantages, Disadvantages and Expected Returns
What is a Multifamily Home?
What is a Multifamily Home?
What is a multifamily home? Clear definition, types, how small assets differ from large for financing, metrics, plus basics of zoning, fair housing, and risks.
The Best Cities for Office Investing in 2026
The Best Cities for Office Investing in 2026
A data-driven ranking of 50 U.S. markets scored on yield, inventory, office employment trends, and building quality.
Understanding Your Property’s Walk Score
Understanding Your Property’s Walk Score
Learn about the Amenities, Data and Calculations Used to Generate Your Property’s Walk Score
Loan to Value
Loan to Value
Breaking down the loan to value concept, its calculations, and strategic financing options to enhance investment decisions in commercial real estate.
Internal Rate of Return
Internal Rate of Return
Clarifying IRR concepts, outlines calculation methods, and examining its application in commercial real estate to guide your investment decisions.
Operating Expenses in CRE
Operating Expenses in CRE
Learn how operating expenses affect net operating income and property value, how to benchmark your costs against market standards, and proven strategies to reduce expenses across different property types and lease structures.
Land Loans 101
Land Loans 101
Key Considerations When Applying for a Land Loan

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Schererville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Schererville $176 17,440 SF
Saint John $181 7,185 SF
Dyer $163 12,413 SF
Griffith $122 6,226 SF
Robertsdale $134 8,600 SF

Regional Demographic Comparison

This comparison places Schererville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Schererville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Schererville 27,253 11,557 45 $80,312 2 2,679 -2%
Dyer 15,162 5,793 45 $100,012 3 511 -2%
Griffith 15,595 6,431 39 $68,415 2 2,082 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Schererville, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Schererville

View All Commercial Real Estate For Sale in Schererville
Is Schererville a good market for a first-time commercial real estate investor?

Schererville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Schererville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Schererville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Schererville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Schererville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Schererville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Schererville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Schererville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Schererville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports