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Commercial Land in Cedar Lake
For Sale
$489,500

13900 Alexander Street, Cedar Lake, IN 46303

LAND - Cedar Lake, IN

Property SizeContact for details
Lot Size1.84 Acres
Days on Market175

Property Features for 13900 Alexander Street

General Information

Property type Land
Property subtype Other
Zoning description Business
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 AVE, TURN EAST TO RAILSIDE PARK, NORTH SIDE OF ROAD ON ALEXANDER
Standard status Active
Lot size 1.84 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Platted Subdivision: Yes, Legal Description: Railside Business Park Lot 4
Tax Annual Amount 1000
HOA Fee $1,200 Annually
Legal Description Platted Subdivision: Yes, Legal Description: Railside Business Park Lot 4

Utilities

Utilities Water Available
Sewer type Public Sewer
Water source Public
Listing Agency: McColly Real Estate
Listed By: Shelly Faber · License #RB14044470
Added: Feb 23 Changed: May 14 Last Checked: Aug 17 at 6:06AM
MLS# 834444

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 1.84-acre lot is zoned B-3 and suitable for mixed uses, including retail, restaurants, professional services, banks, gyms, grocery stores, daycare/senior/assisted living centers, liquor sales, building materials, amusement, entertainment, pools, skating rinks, clubs, hotels/lodges, and machinery rental, as well as similar businesses. This property offers an opportunity to invest in your company's future and build equity. The Business Park is located in Cedar Lake. The B-3 zoning site has 3-phase electrical service available. Multiple lots can be combined into one building site, and multiple tenants/occupants are allowed per building. The property has great interstate connectivity and quick access to Rt 41/Rt 231 and the Rt 2 interchange on I-65, as well as Rt 10/Rt 114, providing access across to Illinois. Rt 41 provides north and south access from Chicago to the south.

Key Highlights

  • Premium 1.84‑acre lot zoned B‑3, suitable for diverse commercial uses.
  • Excellent opportunity to own commercial space and build equity instead of leasing.
  • Located in a growing area within the Cedar Lake Business Park.

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

101
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 - 1.84 acre B-3 zoned lot suitable for mixed uses.
Where is this commercial land located?
The property is located at 13900 Alexander Street Cedar Lake, IN.
What is the asking price?
The asking price for this property is $489,500.
What are key features of this property?
This property features: Premium 1.84‑acre lot zoned B‑3, suitable for diverse commercial uses.; Excellent opportunity to own commercial space and build equity instead of leasing.; Located in a growing area within the Cedar Lake Business Park.
More about this property
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