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Prime Commercial Land Opportunity
For Sale
$467,500

13860 Alexander Street, Cedar Lake, IN 46303

1.55-acre B-3 zoned lot suitable for various commercial uses.

Property Size67,518 SF
Lot Size1.55 Acres
Price / SF$6.92
Days on Market378

Property Features for 13860 Alexander Street

General Information

Standard status Active
Size 67,518 SF
Lot size 1.55 Acres
Property subtype Land / Unimproved Land
Zoning Business

Taxes and HOA fees

Annual Taxes $1,000

Amenities

Maintenance Grounds
Listing Agency: McColly Real Estate
Listed By: Shelly Faber · License #RB14044470
Source: Compass
Added: Aug 20, 2025 Changed: Aug 31 Last Checked: Aug 30 at 11:15PM

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 1.55-acre lot, identified as Lot 5, is zoned B-3 and presents a great opportunity for mixed-use development. The zoning allows for a wide range of businesses, including retail, restaurants, professional services, banks, gyms, grocery stores, daycare, senior or assisted living centers, liquor sales, building materials, amusement, entertainment, pools, skating rinks, clubs, hotels, lodges, machinery rental, and similar businesses. Located in a growing area of Cedar Lake, this property offers an excellent chance to invest in your company's future and build equity. The site has 3-phase electrical service available. Multiple lots can be combined into one building site, and multi-tenant or multi-occupant buildings are permitted. The location provides great interstate connectivity and quick access to Route 41, Route 231, and the I-65 interchange, as well as Route 10 and Route 114, giving access across to Illinois. Route 41 provides limitless north and south access from Chicago to the south.

Key Highlights

  • 1.55 acre lot zoned B‑3 suitable for diverse commercial uses.
  • Opportunity to own commercial space and build equity.
  • Located in a growing business park in Cedar Lake.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Parking Lot & Garage Spa & Massage Center Electrical Service Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

268
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - 1.55-acre B-3 zoned lot suitable for various commercial uses.
Where is this commercial land located?
The property is located at 13860 Alexander Street Cedar Lake, IN.
What is the asking price?
The asking price for this property is $467,500.
What are key features of this property?
This property features: 1.55 acre lot zoned B‑3 suitable for diverse commercial uses.; Opportunity to own commercial space and build equity.; Located in a growing business park in Cedar Lake.
More about this property
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