Clean 8,400 sq/ft, 4 unit commercial storefront on busy Sauk Trail with over 27,000 vehicles passing by per day. The building 5 out of 6 are leased with strong long term tenants like Statefarm and Xtra Cute Salon. The building could be reconverted back to 6 units in the future and after the recent tax reduction the building will have cash flow. The building sits on nearly .7 acres and has over 40 parking spaces in the front and rear of the building. Zoning is special because it allows most business/office/restaurant use plus the option for Cannabis retail and growth with a special use permit. Zoning allows for mixed use so you could add an apartment to either building to qualify for residential taxation. Taxes were appealed successfully and new taxes for 2025 will be less and the cap rate will be over 7 in 2025.
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Listing Courtesy: xr realty - 773-234-8155
Based on information submitted to the MLS GRID as of 2025-09-03 20:17:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-03 20:17:08
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833 Lincoln Highway #410 E-5, Schererville, IN 43675