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    13951 Alexander St Cedar Lake, IN 46303

    For Sale
    $397,300

    Unimproved Land - Cedar Lake, IN

    Type:Unimproved Land
    Lot size:
    1.35 Acres
    Days on Market:
    266
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 13951 Alexander St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    451528376002000013
    Lot size
    1.35 Acres

    Taxes and HOA fees

    Expense value
    1200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    McColly Real Estate (219) 864-7200 [email protected]

    Listing agent Shelly Faber (219) 374-2121 License #RB14044470

    Listing date Mar 17, 2025

    MLS# 543043 Listing URL

    Copyright © 2025 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.

    Overview

    Commercial Land in Cedar Lake

    This 1.35-acre lot, identified as Lot 28, is situated within the Railside Business Park in Cedar Lake, Indiana, and is zoned B-3. The zoning permits a wide array of commercial activities, including retail, restaurants, professional services, banks, gyms, grocery stores, daycare, senior and assisted living centers, liquor sales, building materials, amusement and entertainment venues, pools, skating rinks, clubs, hotels and lodges, machinery rental, and similar businesses. The B-3 zoning sites are develop-ready, with roadway and utilities in place, including 3-phase electrical service. Multiple lots can be combined for a single building site, and up to three tenants or occupants are allowed per building. The location provides 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, facilitating access to Illinois. Route 41 offers north and south access from Chicago to the south.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Lake
    County
    Lake
    State
    Indiana
    Longitude
    -87.464149
    Latitude
    41.363342

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    FAQs

    What type of property is this?
    Commercial land - Unimproved land suitable for various B-3 commercial uses.
    Where is this commercial land located?
    The property is located at 13951 Alexander St Cedar Lake, IN.
    What is the asking price?
    The asking price for this property is $397,300.
    What are key features of this property?
    This property features: - B-3 Zoning: Allows for diverse commercial ventures.; - Development-Ready: Roadway, utilities, and 3-phase electrical service are in place.; - Strategic Location: Excellent interstate connectivity and quick access to state routes.
    (219) 374-2121
    Request Owner's contact information
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    Cedar Lake, IN 46303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13951 Alexander St Cedar Lake, IN 46303
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