End-Cap Retail
For Sale
$399,000
13861 Alexander St Unit B, Cedar Lake, IN 46303
Modern commercial space in a four-unit building near local schools and Route 41.
Property Size2,500 SF
Price / SF$159.60
Days on Market391
Property Features for 13861 Alexander St Unit B
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Site & Location
End Cap
Yes
Drive-Thru
Yes
Amenities
drive up windows
Building Details
Year Built
2025
Listing Agency:
McColly Real Estate
Listed By:
Shelly Faber · License #RB14044470
(219) 775-1799
Source:
Nwindianahomesearcher
Added: Oct 4, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:39AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,500-square-foot retail space is positioned within a modern four-unit building completed in 2025. The end-cap unit includes drive-up windows on two sides, supporting convenient customer access and storefront exposure. The property is part of Railside Business Park and is located near local schools and Route 41 in Cedar Lake, Indiana.
The broader development also includes six B3-zoned commercial lots. The stated B3 zoning supports a range of community-oriented commercial uses, including business and professional offices, retail, medical and dental facilities, restaurants, recreation centers, vocational schools, senior care facilities, breweries, and community centers.
The broader development also includes six B3-zoned commercial lots. The stated B3 zoning supports a range of community-oriented commercial uses, including business and professional offices, retail, medical and dental facilities, restaurants, recreation centers, vocational schools, senior care facilities, breweries, and community centers.
Key Highlights
- 2,500‑square‑foot retail space in a four‑unit building
- End‑cap positioning with drive‑up windows on two sides
- Building completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,091
Cap Rate
6.04%
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 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$697.9K
$610.7K – $814.2K
NOI $48,853 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 89%
Electronics 11%
Aurelio's Pizza
Dining
6,016 visits/mo
0.5 miles
AT&T
Electronics
765 visits/mo
0.5 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Modern commercial space in a four-unit building near local schools and Route 41.
Where is this retail space located?
The property is located at 13861 Alexander St Unit B Cedar Lake, IN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,500‑square‑foot retail space in a four‑unit building; End‑cap positioning with drive‑up windows on two sides; Building completed in 2025
