6-Lot Commercial
For Sale
$410,000
13861 Alexander Street, Cedar Lake, IN 46303
Commercial Sale, Cedar Lake, IN
Property Size2,500 SF
Lot Size1.44 Acres
Price / SF$164
Days on Market187
Property Features for 13861 Alexander Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Business
Parking
44
Exterior features
Lighting
Subdivision
Railside Business Park
Lot features
Paved
High school
Hanover Central High School
Elementary school district
Hanover
Middle school district
Hanover
High school district
Hanover
Directions
RT 41 TO 141ST CONTINUE EAST TO ALEXANDER, TURN LEFT-NORTH TO PROPERTY
Standard status
Active
Size
2,500 SF
Lot size
1.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Railside Business Park, Lot 27
Tax Annual Amount
1200
Legal Description
Railside Business Park, Lot 27
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Water front features
Pond
Water front
1
Building Details
Year built
2025
Listing Agency:
McColly Real Estate
(219) 374-2121
Listed By:
Shelly Faber · License #RB14044470
(219) 775-1799
Added: Apr 2
Changed: Sep 12
Last Checked: Oct 5 at 6:06PM
MLS# 836440
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 1.44-acre commercial land offering includes six B3-zoned lots within Railside Business Park in Cedar Lake. The development is under construction and is served by public water and public sewer, with cable available. A pond and site lighting are also identified among the property features.
The property is located near local schools and Route 41. The broader development includes a modern four-unit building with a 2,500-square-foot commercial space available for purchase or lease, providing an additional built-space component alongside the land offering. The site address is 13861 Alexander Street, Cedar Lake, IN 46303.
The property is located near local schools and Route 41. The broader development includes a modern four-unit building with a 2,500-square-foot commercial space available for purchase or lease, providing an additional built-space component alongside the land offering. The site address is 13861 Alexander Street, Cedar Lake, IN 46303.
Key Highlights
- Six B3‑zoned commercial lots available within Railside Business Park
- 1.44 acres of commercial land
- Located near local schools and Route 41
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,091
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,820
$481.8K
Cap Rate 7%
$344,157
$344.2K
Cap Rate 9%
$267,678
$267.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$36.0K $14.40/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$34.4K $13.77/SF
− OpEx
−$10.3K −$4.13/SF
NOI
$24.1K $9.64/SF
Area
Lake County, IN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,820
Cap Rate 7%
$344,157
Cap Rate 9%
$267,678
Alternative Uses
Best Use
Retail
$344.2K
$301.1K – $401.5K
NOI $24,091 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$697.9K
$610.7K – $814.2K
NOI $48,853 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Commercial land - B3-zoned land within a new business park offering commercial development opportunities near local schools and Route 41.
Where is this commercial land located?
The property is located at 13861 Alexander Street Cedar Lake, IN.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Six B3‑zoned commercial lots available within Railside Business Park; 1.44 acres of commercial land; Located near local schools and Route 41
