Auto Shop with Overhead
For Sale
$250,000
Pending
13536 Morse Street, Cedar Lake, IN 46303
Commercial Sale, Cedar Lake, IN
Property Size2,506 SF
Lot Size0.22 Acres
Days on Market141
Property Features for 13536 Morse Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Security features
Security System
Interior features
High Ceilings
Subdivision
Woodland Shores Add
Lot features
Corner Lot
Directions
I-65 to SR 55 south, west on 133rd Ave, south on Morse St to property at 13536 Morse St, Cedar Lake.
Standard status
Pending
APN
451526179049000043
Size
2,506 SF
Lot size
0.22 Acres
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
detailing, auto repair
Taxes and HOA fees
Tax Year
2025
Tax Description
WOODLAND SHORES ADD. OUTLOT D & PT. OF OUTLOT A LY'NG N. OF OUTLOT D
Tax Annual Amount
2397
Legal Description
WOODLAND SHORES ADD. OUTLOT D & PT. OF OUTLOT A LY'NG N. OF OUTLOT D
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Well
Amenities
open-concept layout
ample parking
two 9-foot overhead doors
generous workspace
customer waiting area
dedicated office space
Building Details
Year built
1967
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Added: Jun 12
Changed: Oct 27
Last Checked: Oct 30 at 10:06AM
MLS# 840721
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.
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Investment Insights
Based on property information with market context.
This 2,506-square-foot auto shop was built in 1967 and is currently leased to a tint and vehicle customization business. The building offers an open interior with high ceilings, two 9-foot overhead doors, workspace for vehicle service or customization, a customer waiting area, and dedicated office space. Natural gas and forced-air heating serve the property.
Situated in Cedar Lake, Indiana, the property includes 0.22 acres with well water and public sewer. Ample parking supports customer and vehicle access, while the existing layout accommodates automotive-oriented operations and related commercial use.
Situated in Cedar Lake, Indiana, the property includes 0.22 acres with well water and public sewer. Ample parking supports customer and vehicle access, while the existing layout accommodates automotive-oriented operations and related commercial use.
Key Highlights
- 2,506‑square‑foot auto shop on 0.22 acres
- Currently leased to a tint and vehicle customization business
- Two 9‑foot overhead doors with open workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,539
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,780
$290.8K
Cap Rate 7%
$207,700
$207.7K
Cap Rate 9%
$161,544
$161.5K
Market Conditions
NOI Build-Up for 2,506 SF
Gross rent
$22.0K $8.76/SF
− Vacancy
−$1.2K −$0.47/SF
EGI
$20.8K $8.29/SF
− OpEx
−$6.2K −$2.49/SF
NOI
$14.5K $5.80/SF
Area
Lake County, IN
Vacancy
5.39%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,780
Cap Rate 7%
$207,700
Cap Rate 9%
$161,544
Alternative Uses
Best Use
Retail
$345.0K
$301.9K – $402.5K
NOI $24,149 @ 7.0% cap · market cap 9.66%
Second Best
Industrial
$207.7K
$181.7K – $242.3K
NOI $14,539 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$699.6K
$612.1K – $816.2K
NOI $48,970 @ 7.0% cap · market cap 19.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46303, IN
17,028
Population
6,922
Households
2.5
Avg Household Size
39
Median Age
24%
College-Educated
95%
High-School Grad
28.8 sq mi
ZIP Area
591
Density / Sq Mi
$78,659
Median Household Income
$43,217
Median Earnings
$1,197
Median Rent
$271,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Hybrid ReAuto — 7321 W 136th Ln, Cedar Lake, IN 46303
- Jeff's auto dreamers — 6201 W 136th Ave, Cedar Lake, IN 46303
- TJT Tire Service, LLC — 6730 W 133rd Ave, Cedar Lake, IN 46303
Frequently Asked Questions
What type of property is this?
Auto shop - Leased automotive facility with workspace, customer waiting area, office space, and ample parking.
Where is this auto shop located?
The property is located at 13536 Morse Street Cedar Lake, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,506‑square‑foot auto shop on 0.22 acres; Currently leased to a tint and vehicle customization business; Two 9‑foot overhead doors with open workspace
