6625 W Lincoln Highway Schererville, IN $ 3,700,000
6625 W Lincoln Highway
$ 3,700,000
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6625 W Lincoln Highway

Schererville, IN, 46307
$ 3,700,000
Bedrooms-- Baths-- Sq 10,289

Monthly Estimate*

$ 25,555

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Commercial Property for sale in Schererville, IN

for $3,700,000. This 10,289 square foot building was built in 2006 on a lot size of 1.071.

Incredible armchair investment opportunity to acquire a fully leased, high-income commercial medical office building anchored by long-term credit tenants: Methodist Hospitals CareFirst Schererville - Immediate Care and Dr. Mary Tilak & Associates. This investment provides a highly predictable, hands-off stream of commercial income from two established medical tenants and offers a strong 8.89 Cap Rate. Seize the opportunity to own this incredible income producer or position your business in a high-traffic, established healthcare and professional hub. This single-level, extremely well-maintained, all-brick medical building features 10,289 square feet of above-grade space (designed to accommodate smaller configurations if ever divided) and an additional 4,400 square feet of finished lower-level space built out for clinical and office use. Occupying a prime location on a 1.06-acre lot, the property offers a striped asphalt parking lot with 35 spaces and full handicap accessibility. Strategically located on the southwest corner of a high-visibility, 4-way traffic-lit intersection on heavily traveled Lincoln Highway, the site boasts an impressive daily traffic count of 39,855 vehicles (according to IDOT) and sits just minutes from I-65, ensuring effortless regional accessibility.

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Commercial Active

Price

$ 3,700,000

Property Type

Commercial

Taxes

$ 36,338

Style

Office

Lot Size

1.071

Year Built

2006

Town/City

Schererville

County/Region

Lake

MLS | Web ID

846834

Features
Interior
Interior Amenities Recessed Lighting
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General
Sewer Public Sewer
Heating Central Forced Air
Utilities Electricity Connected Water Connected Underground Utilities Sewer Connected Natural Gas Connected
Appliances None
Security Features Fire Alarm Smoke Detector(s)
Year Built 2006
Electric 200+ Amp Service Circuit Breakers
View City Neighborhood
Township St. John
Property Subtype Office
Tax Year 2024
Gross Income 386738
Accessibility Accessible Doors Accessible Approach with Ramp Accessible Full Bath
County Lake
Net Operating Income 330293.69
Insurance Expense 5141.5
Property Type Commercial Sale
MaintenanceExpense 14335
Subdivision Name Harvest Manor 01 Sec 01
Building Features Passenger Elevator(s) Acoustical Ceiling(s) Exterior Lighting Public Restrooms Private Restrooms Meeting Room Lunch Room
Status Active
Directions Located at the south west corner of Lincoln Highway/ Harvest; east of Cline Ave and west of Burr Street
City Schererville
Zoning Description Commercial
Lot Size Square Feet 46653
Listing Terms Cash Conventional
Tax Annual Amount 36338
Electric Expense 0
Standard Status Active
Taxes 36338
Legal Description HARVEST MANOR LOT 1 (A
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Exterior
Exterior Amenities Lighting Rain Gutters
Parking Features Paved Asphalt
Lot Features Corner Lot Paved
Water Source Public
Total Parking 35
Lot Size Acres 1.071
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Neil VerHagen

Listing Agent

Baird & Warner Res. Sales Inc.

Broker

neil.verhagen@bairdwarner.com

Email

Affordability Calculator

$28,583
Per Month
89%
11%
0%
Monthly Principal & Interest
$25,555
Monthly Property Taxes
$3,028
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/14/2026$3,700,000 Listed Price

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6625 W Lincoln Highway, Schererville, IN, 46307 is a Commercial Property for sale at $3,700,000 with 10,289 sqft and a lot size of 1.071. 6625 W Lincoln Highway was built in 2006. The property's zip code is 46307 which is in Schererville, IN