Flex Space with Three-Phase
New
For Sale
$1,800,000
13650 Alexander Street, Cedar Lake, IN 46303
Commercial Sale, Cedar Lake, IN
Property Size13,400 SF
Lot Size1.40 Acres
Price / SF$134.33
Days on Market2
Property Features for 13650 Alexander Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Industrial
Parking
3036
Parking features
Garage
Exterior features
Lighting
Subdivision
Railside Business Park, Lot 14
Lot features
Landscaped, Paved
High school
Hanover Central High School
Elementary school district
Hanover
Middle school district
Hanover
High school district
Hanover
Directions
Rt 41 to 141st Ave, Turn east and continue to Alexaner St, T left to PROPOSED LOT??
Standard status
Active
Size
13,400 SF
Lot size
1.40 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax Description
Railside Business Park, Lot 14
Tax Annual Amount
1200
Legal Description
Railside Business Park, Lot 14
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2027
Listing Agency:
McColly Real Estate
(219) 374-2121
Listed By:
Shelly Faber · License #RB14044470
(219) 775-1799
Added: Nov 5
Last Checked: Nov 6 at 5:06AM
MLS# 847888
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 13,400-square-foot flex property is under construction on a 1.4-acre site, with occupancy planned for 2027. The development offers roadway access and utilities, and three-phase electrical service is available. M-1 zoning is identified for Lot 14, with multiple lots eligible to be combined into one building site and buildings permitted to accommodate up to three tenants or occupants.
The property is near Route 41, with access to the Route 41/Route 231 and Route 2 interchange at I-65, as well as Routes 10 and 114. The site is in Cedar Lake, Indiana.
The property is near Route 41, with access to the Route 41/Route 231 and Route 2 interchange at I-65, as well as Routes 10 and 114. The site is in Cedar Lake, Indiana.
Key Highlights
- 13,400 square feet on 1.4 acres
- Under construction for 2027 occupancy
- Lot 14 is zoned M‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,398
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,887,960
$1.9M
Cap Rate 7%
$1,348,543
$1.3M
Cap Rate 9%
$1,048,867
$1.0M
Market Conditions
NOI Build-Up for 13,400 SF
Gross rent
$117.4K $8.76/SF
− Vacancy
−$6.3K −$0.47/SF
EGI
$111.1K $8.29/SF
− OpEx
−$16.7K −$1.24/SF
NOI
$94.4K $7.04/SF
Area
Lake County, IN
Vacancy
5.39%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,887,960
Cap Rate 7%
$1,348,543
Cap Rate 9%
$1,048,867
Alternative Uses
Best Use
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,398 @ 7.0% cap · market cap 5.24%
Second Best
Industrial
$1.11M
$971.8K – $1.30M
NOI $77,740 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$3.74M
$3.27M – $4.36M
NOI $261,853 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Balanced
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- La Dilla Mexican Grill — 9759 Lincoln Plz Wy, Cedar Lake, IN 46303
Frequently Asked Questions
What type of property is this?
Flex space - The development is under construction, with site utilities and three-phase service available.
Where is this flex space located?
The property is located at 13650 Alexander Street Cedar Lake, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 13,400 square feet on 1.4 acres; Under construction for 2027 occupancy; Lot 14 is zoned M‑1
