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New Construction Flex/Industrial Building

13851 Alexander Street, Cedar Lake, IN 46303

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For Sale

$1,251,000

COMMERCIAL - Cedar Lake, IN

Property size:

9,520 SF

Lot size:

1.39 Acres

Price / SF:

$131/SF

HighLights

New construction (2025) M1 office/warehouse building with 9,520 sqft of customizable space on 1.39 acres.
Excellent location with quick access to I‑65, Rt 41/Rt 231, Rt 2, Rt 10/Rt 114, and convenient access to Illinois and Chicago.
Ready for immediate business use with no waiting, allowing for custom workspace design and finishing.
Includes essential utilities: three‑phase electric service, concrete floor with drains, and public water/sewer.
Suitable for a wide range of B‑3 and M‑1 business uses, including warehousing, distribution, automotive, laboratories, manufacturing, and more.
Exterior landscaping, lighting, and asphalt parking are already in place.

We can help!

Contact an agent

Shelly Faber

For Sale

$1,251,000

COMMERCIAL - Cedar Lake, IN

Property size:

9,520 SF

Lot size:

1.39 Acres

Price / SF:

$131/SF

Added:: Jun 2, 2025
Days on Market:: 391
Last Refresh:: Jun 27 at 1:06 pm

Property Features for 13851 Alexander Street

General Information

Property type: Commercial Sale
Property subtype: Other
Property condition: Under Construction
Parking: 18
Standard status: Active
Size: 9,520 SF
Lot size: 1.39 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Description: Railside Business Park, Lot 26
Tax Annual Amount: 1000

Utilities

Utilities: Cable Available
Sewer type: Public Sewer
Heating system: Natural Gas, Forced Air
Water source: Public

Building Details

Year built: 2025

We can help!

Contact an agent

Shelly Faber

Listing agent Shelly Faber License #RB14044470

Listing office McColly Real Estate 13211 Wicker Ave., Schererville, IN

Listing date Jun 2, 2025

MLS# 821880

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

New construction (2025) M1 office/warehouse building with 9,520 sqft of customizable space on 1.39 acres.
Excellent location with quick access to I‑65, Rt 41/Rt 231, Rt 2, Rt 10/Rt 114, and convenient access to Illinois and Chicago.
Ready for immediate business use with no waiting, allowing for custom workspace design and finishing.
Includes essential utilities: three‑phase electric service, concrete floor with drains, and public water/sewer.
Suitable for a wide range of B‑3 and M‑1 business uses, including warehousing, distribution, automotive, laboratories, manufacturing, and more.
Exterior landscaping, lighting, and asphalt parking are already in place.

Overview

This new construction office/warehouse building is located in Railside Business Park on Lot 26. The 9,520 sqft building offers a generous space for various business needs on a 1.39-acre lot. The property is ready to be customized with an open space design. It includes three-phase electric service, a concrete floor with drains, exterior landscaping, lighting, and asphalt parking. Potential business opportunities include warehousing, flooring distribution, automotive sales and service, parcel/package delivery facilities, laboratories for research and testing, light machinery production for appliances and business machines, orthopedic and medical appliance manufacture, woodworking and wood products, building material sales, contractor services, construction company offices and storage, food and beverage distribution, lumber yard and similar facilities, general warehousing, public utility office and service center, all government offices and services, automotive supplies, sales, and warehousing, glass and glazing facilities, and recycling or refuse transload centers. The property offers great interstate connectivity and quick access to Route 41, Route 231, and the Route 2 interchange on I-65, as well as Route 10 and Route 114, providing access across to Illinois. Route 41 north and south access from Chicago to the south is readily available. The location is suitable for all B-3 and M-1 uses in this growing area.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$137.1k	$14.40
− Vacancy	−$6.0k	−$0.63
EGI	$131.1k	$13.77
− OpEx	−$39.3k	−$4.13
NOI	$91.7k	$9.64

9,520 SF · lease $14.40/SF/yr · vacancy 4.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,739 @ 7.0% cap · market cap 7.33%

Second Best

Warehouse

$958.1K

$838.3K – $1.12M (±1% cap)

NOI $67,065 @ 7.0% cap · market cap 5.36%

Theoretical Best

Specialty Retail

$2.66M

$2.33M – $3.10M (±1% cap)

NOI $186,033 @ 7.0% cap · market cap 14.87%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Cedar Lake
County: Lake
State: Indiana
Longitude: -87.463032
Latitude: 41.365178

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View Details

For sale
Flex space
IN
Cedar Lake
46303
13851 Alexander Street

What type of property is this?

Flex space - 9,520 sqft flex/industrial building on 1.39 acres ready to customize.

Where is this flex space located?

The property is located at 13851 Alexander Street Cedar Lake, IN.

What is the asking price?

The asking price for this property is $1,251,000.

What are key features of this property?

This property features: New construction (2025) M1 office/warehouse building with **9,520 sqft of customizable space on 1.39 acres.**; Excellent location with quick access to I‑65, Rt 41/Rt 231, Rt 2, Rt 10/Rt 114, and convenient access to Illinois and Chicago.; **Ready for immediate business use** with no waiting, allowing for custom workspace design and finishing.

13851 Alexander Street, Cedar Lake, IN 46303

COMMERCIAL - Cedar Lake, IN

Property Features for 13851 Alexander Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Auto Shop with Overhead Doors

Duplex with Two Separate Garages

Creative Commercial Space in Cedar Lake

Automotive Service and Office Building

Railside Business Park Retail Space

All-Brick Duplex with Two Garages

FAQs