This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Fountain Park 1500-1550 Indianapolis Blvd
5,000 - 42,000 SF of Retail Space Available in Schererville, IN 46375
Highlights
- Space for lease on US 41 in Schererville, IN
- 1,630 SF former Restaurant w/Hood
- Located in Schererville which is Northwest, IN strongest retail trade areas
- 42,000 SF junior box opportunity available
- Join newest tenant Twin Peaks (opened Nov. 2023), D-Bat Softball and Baseball Academies coming in Spring 2024
- Strong tenant mix including Twin Peaks, Midwest Express, Rise N Roll and others
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 5,000-42,000 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1516 Indianapolis Blvd - 1st Floor
Big Box retail space now available for lease in Schererville, IN. The subject property is located directly on US 41 with maximum exposure in one of the strongest trade areas in Northwest, IN. The property is located just North of US 30 and includes a strong tenant lineup, including the newest tenant Twin Peaks. The subject property includes Midwest Express Clinic, Ciao Bella, American Renal, Rise N Roll and more. The big box space can be divided down to roughly 5,000 SF. Office/Medical opportunity available.
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Fountain Park
- Tenant
- Description
- US Locations
- Reach
- Ciao Bella
- Restaurant
- 1
- -
- Dialysis Center of Schererville
- Health Care and Social Assistance
- 1
- National
- Direct Floors
- Floor Covering
- 1
- Local
- Houlihan's Restaurant & Bar
- Restaurant
- 99
- National
- Midwest Express Clinic
- Health Care
- 20
- Regional
- Rock Counter Kitchen and Bath
- Restaurant
- 2
- Regional
| Tenant | Description | US Locations | Reach |
| Ciao Bella | Restaurant | 1 | - |
| Dialysis Center of Schererville | Health Care and Social Assistance | 1 | National |
| Direct Floors | Floor Covering | 1 | Local |
| Houlihan's Restaurant & Bar | Restaurant | 99 | National |
| Midwest Express Clinic | Health Care | 20 | Regional |
| Rock Counter Kitchen and Bath | Restaurant | 2 | Regional |
PROPERTY FACTS FOR 1500-1550 Indianapolis Blvd , Schererville, IN 46375
| Min. Divisible | 5,000 SF | Frontage | US-41 |
| Centre Type | Neighborhood Center | Gross Leasable Area | 93,794 SF |
| Parking | 1,365 Spaces | Total Land Area | 21.00 AC |
| Stores | 9 | Year Built | 2004 |
| Centre Properties | 3 |
| Min. Divisible | 5,000 SF |
| Centre Type | Neighborhood Center |
| Parking | 1,365 Spaces |
| Stores | 9 |
| Centre Properties | 3 |
| Frontage | US-41 |
| Gross Leasable Area | 93,794 SF |
| Total Land Area | 21.00 AC |
| Year Built | 2004 |
About the Property
Big Box retail space and 1,630 SF former Restaurant now available for lease in Schererville, IN. The subject property is located directly on US 41 with maximum exposure in one of the strongest trade areas in Northwest, IN. The property is located just North of US 30 and includes a strong tenant lineup, including the newest tenant Twin Peaks and D-Bat. The subject property includes Midwest Express Clinic, Ciao Bella, American Renal, Rise N Roll and more. The big box space can be divided down to roughly 5,000 SF. Office/Medical opportunity available. The subject property is located on Indianapolis Boulevard (US Highway 41) just North of US 30 in Schererville, IN. Schererville is a town in St. John Township, Lake County, Indiana. 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.
Nearby Major Retailers
-
Brett McDermott -
Myles Rapchak -
John O'Malley -
Latitude Commercial
Presented by
Fountain Park | 1500-1550 Indianapolis Blvd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.