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New Retail Space in Business Park
For Lease
$4,200/Mo

13861 Units B Alexander Street, Cedar Lake, IN 46303

Commercial Lease, Cedar Lake, IN

Space Size2,500 SF
Lot Size1.44 Acres
Days on Market216

Property Features for 13861 Units B Alexander Street

General Information

Property type Commercial Lease
Property subtype Other
Property condition Under Construction
Zoning description Business
Exterior features Lighting
Subdivision Railside Business Park
Lot features Landscaped, Paved
High school Hanover Central High School
Directions Rt 41 to 141st Ave, turn east to Alexander on north side of roadway, continue to property
Standard status Active
Size 2,500 SF
Lot size 1.44 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Railside Business Park, Lot 27
Tax Annual Amount 500
Legal Description Railside Business Park, Lot 27

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public
Water front features Pond
Water front 1

Building Details

Year built 2025
Listing Agency: McColly Real Estate
Listed By: Shelly Faber · License #RB14044470
Added: Mar 5 Changed: Sep 12 Last Checked: Oct 7 at 6:06AM
MLS# 834942

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 retail space is part of a four-unit commercial building currently under construction, with completion identified for 2025. The available unit contains 2,500 square feet and is situated within Railside Business Park. Building services include forced-air heating fueled by natural gas, public water, public sewer, and cable availability. Exterior lighting and a pond are also identified among the property features.

The property is in Cedar Lake, Indiana, with access to Route 41 and proximity to local schools. The broader development also includes six B3-zoned commercial lots. The stated B3 zoning supports a range of commercial and community-oriented uses, including offices, retail, medical facilities, restaurants, hotels, recreation centers, vocational schools, senior care facilities, breweries, and community centers.

Key Highlights

  • 2,500‑square‑foot retail space in a four‑unit commercial building
  • Under construction with a 2025 year built
  • Located near local schools and Route 41

Property Analytics

Current Use

Retail space

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.02 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

42
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

Lease Benchmarks for Cedar Lake, IN

$16.5 /SF/Yr
Avg Asking Price
$7.18–$28 /SF/Yr
Price Range
1,925 SF
Avg Space Size

This space is priced 22% above the average of $16.5 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Under-construction commercial space offers public utilities, natural-gas forced air, and access to Route 41 near local schools.
Where is this retail space located?
The property is located at 13861 Units B Alexander Street Cedar Lake, IN.
What is the lease rate?
The lease rate is $4,200/Mo.
What are key features of this property?
This property features: 2,500‑square‑foot retail space in a four‑unit commercial building; Under construction with a 2025 year built; Located near local schools and Route 41
More about this property
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