Flex Retail End-Cap
13861 Alexander Street B Cedar Lake, IN 46303
For Sale
Contact for pricing
Modern end-cap suite with drive-up windows in a four-unit building, plus nearby B3-zoned commercial lots.
Property Size2,500 SF
Price / SF$159.96
Days on Market485
Property Features for 13861 Alexander Street B
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Business for Sale, Mixed Use, Office, Retail
Building Details
- Year Built
- 2025
Listing Agency:
McColly Real Estate Cedar Lake
(219) 775-1799
Listed By:
Shelly Faber · License #IN RB14044470
Source:
Crexi
Added: Mar 27, 2025
Changed: Jul 23
Last Checked: Jul 23 at 12:22PM
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 Cedar Lake
Investment Insights
Based on property information with market context.
A modern four-unit building offers an available 2,500 SF commercial space designed as an end-cap. The unit features drive-up windows on two ends, creating direct, customer-friendly presentation and visibility.
The property is positioned in Railside Business Park in Cedar Lake, IN, with access to Route 41 and nearby local schools.
In addition to the built space, six B3-zoned commercial lots are available, providing flexibility for a range of community-focused uses, including business and professional offices, retail establishments, medical and dental facilities, restaurants and hotels, recreation centers, vocational and trade schools, senior centers or care facilities, breweries, and community centers.
The property is positioned in Railside Business Park in Cedar Lake, IN, with access to Route 41 and nearby local schools.
In addition to the built space, six B3-zoned commercial lots are available, providing flexibility for a range of community-focused uses, including business and professional offices, retail establishments, medical and dental facilities, restaurants and hotels, recreation centers, vocational and trade schools, senior centers or care facilities, breweries, and community centers.
Key Highlights
- 2,500 SF commercial end‑cap suite in a modern four‑unit building
- Drive‑up windows on two end‑cap sides
- For purchase or lease commercial space
Financial Insights For Office B
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 | $54.0k | $21.60 |
| − Vacancy | −$11.7k | −$4.69 |
| EGI | $42.3k | $16.91 |
| − OpEx | −$10.6k | −$4.23 |
| NOI | $31.7k | $12.68 |
2,500 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.0K
$396.4K – $528.5K
NOI $31,712 @ 7.0% cap · market cap 7.93%
Second Best
Retail
$344.2K
$301.1K – $401.5K
NOI $24,091 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$697.9K
$610.7K – $814.2K
NOI $48,853 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- La Dilla Mexican Grill — 9759 Lincoln Plz Wy, Cedar Lake, IN 46303
FAQs
What type of property is this?
Flex space - Modern end-cap suite with drive-up windows in a four-unit building, plus nearby B3-zoned commercial lots.
Where is this flex space located?
The property is located at 13861 Alexander Street B Cedar Lake, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,500 SF commercial end‑cap suite in a modern four‑unit building; Drive‑up windows on two end‑cap sides; For purchase or lease commercial space
