Auto Shop Building with Overhead
For Sale
$250,000
Pending
13536 Morse Street, Cedar Lake, IN 46303
COMMERCIAL - Cedar Lake, IN
Property Size2,506 SF
Lot Size0.22 Acres
Days on Market51
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
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
Natural Gas, Forced Air
Water source
Well
Amenities
open-concept layout
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: Jul 30
Last Checked: Aug 1 at 1:06AM
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.
Investment Insights
Based on property information with market context.
This auto shop building is currently leased to a tint and vehicle customization business. The open-concept layout includes generous workspace and a customer waiting area, along with dedicated office space. The property has high ceilings and two 9-foot overhead doors, supported by natural gas forced-air heating.
Set on a 0.22-acre lot at 13536 Morse Street in Cedar Lake, Indiana (Lake County), the building totals 2,506 square feet. Ample parking supports customer access for service and customization activities.
Site services include a well water source and public sewer. Built in 1967, the facility is set up for vehicle service, customization, and related commercial uses.
Set on a 0.22-acre lot at 13536 Morse Street in Cedar Lake, Indiana (Lake County), the building totals 2,506 square feet. Ample parking supports customer access for service and customization activities.
Site services include a well water source and public sewer. Built in 1967, the facility is set up for vehicle service, customization, and related commercial uses.
Key Highlights
- Currently leased to a tint and vehicle customization business
- Two 9‑foot overhead doors
- Open‑concept workspace plus customer waiting area
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.0k | $8.76 |
| − Vacancy | −$1.2k | −$0.47 |
| EGI | $20.8k | $8.29 |
| − OpEx | −$6.2k | −$2.49 |
| NOI | $14.5k | $5.80 |
2,506 SF · lease $8.76/SF/yr · vacancy 5.39% · expense 30.00%
Alternative Uses
Best Use
Office B
$454.1K
$397.4K – $529.8K
NOI $31,788 @ 7.0% cap · market cap 12.72%
Second Best
Retail
$345.0K
$301.9K – $402.5K
NOI $24,149 @ 7.0% cap · market cap 9.66%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
72
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jeff's auto dreamers — 6201 W 136th Ave, Cedar Lake, IN 46303
- Hybrid ReAuto — 7321 W 136th Ln, 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 - Currently leased tint and vehicle customization business with two 9-foot overhead doors and dedicated office space.
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: Currently leased to a tint and vehicle customization business; Two 9‑foot overhead doors; Open‑concept workspace plus customer waiting area
