How Old is Schererville, Indiana? Schererville, Indiana is a small town located in Lake County, 7 miles southeast of Hammond and 28 miles south of Chicago. It was founded in 1866 by Nicholas Scherer on 40 acres of land purchased from Aaron N. The population at the time consisted of about 25 families, mostly German Catholics. Today, the city is part of the Gary metropolitan area and has an average resident age of 44.0 years. Schererville is a great place to live for those looking for a small-town atmosphere with easy access to big-city amenities. The town offers a variety of activities and attractions, from outdoor recreation to shopping and dining. The town is also home to a number of schools, including public elementary and high schools, as well as private schools.