New Construction Office/Warehouse Building

13851 Alexandria Ln Cedar Lake, IN 46303

Claim this Listing
For Sale
$1,251,000

9,520 sqft office/warehouse building ready for customization.

Property size:
9,520 SF
Lot size:
1.39 Acres
Price / SF:
$131/SF
Added:
Jun 3, 2025
Days on Market:
405
Last Refresh:
Jun 29 at 11:37 pm

Property Features for 13851 Alexandria Ln

General Information

Standard status
Active
Size
9,520 SF
Lot size
1.39 Acres

Listing office McColly Real Estate

Listing date Jun 3, 2025

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of McColly Real Estate


Investment Insights

Based on property information with market context.

This new construction office/warehouse building is located in Railside Business Park on Lot 26. The 9,520 sqft building includes 2,400 sqft of office space and 7,500 sqft of warehouse space, situated on a 1.39-acre lot. The property is ready for customization and offers an open space design. It is suitable for various business opportunities, including 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 yards, general warehousing, public utility office and service centers, all government offices and services, automotive supplies, sales, and warehousing, glass and glazing facilities, and recycling or refuse transload centers. Multiple lots can be combined into one building site or occupancy, and multi-tenant or multiple occupancy buildings are allowed up to a total of three. Lots range from 1.1 acres to 2.98 acres. The location provides great interstate connectivity and quick access to Rt 41, Rt 231, the Rt 2 interchange on I-65, and Rt 10/Rt 114, offering access across to Illinois. The 28 sites are expected to be ready with roadway and utilities in place by the spring of 2026. The property is suitable for all B-3 and M-1 uses in this growing area.

Key Highlights

  • New construction M1 office/warehouse building with 9,520 sqft (2,400 sqft office, 7,500 sqft warehouse) on 1.39 acres - ready for immediate business use.
  • Customizable open space allows for tailored workspace design.
  • Versatile zoning (B‑3 and M‑1) supports warehousing, automotive, manufacturing, and distribution.

Local Financial Insights For Retail

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 $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
Office B
$1.73M
$1.51M – $2.01M (±1% cap)
NOI $120,757 @ 7.0% cap · market cap 9.65%
Second Best
Retail
$1.31M
$1.15M – $1.53M (±1% cap)
NOI $91,739 @ 7.0% cap · market cap 7.33%
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 Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Dental Office Hair Salon Auto Repair Shop Pharmacy HVAC Service Big Box & Wholesale Store Building Supply Restaurant Storage Facility (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Flex space - 9,520 sqft office/warehouse building ready for customization.
Where is this flex space located?
The property is located at 13851 Alexandria Ln 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 M1 office/warehouse building with **9,520 sqft (2,400 sqft office, 7,500 sqft warehouse) on 1.39 acres** - ready for immediate business use.; Customizable open space allows for tailored workspace design.; Versatile zoning (B‑3 and M‑1) supports warehousing, automotive, manufacturing, and distribution.
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