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B-3 Commercial Land
For Sale
$397,300

13951 Alexander Street, Cedar Lake, IN 46303

Land, Cedar Lake, IN

Property SizeContact for details
Lot Size1.35 Acres
Days on Market1017

Property Features for 13951 Alexander Street

General Information

Property type Land
Property subtype Other
Zoning description Business
Subdivision Railside Business Park, Lot 28
Lot features Cul-De-Sac
View Water
High school Hanover Central High School
Directions Rt 41 to 141st Ave, T-east to property on north side of 141st Ave.
Standard status Active
APN 451528376002000013
Lot size 1.35 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Platted Subdivision: Yes, Legal Description: Railside Business Park Lot 28
Tax Annual Amount 1000
HOA Fee $1,200 Annually
Legal Description Platted Subdivision: Yes, Legal Description: Railside Business Park Lot 28

Utilities

Utilities Water Available
Sewer type Public Sewer
Water source Public
Listing Agency: McColly Real Estate
Listed By: Shelly Faber · License #RB14044470
Added: Dec 20, 2023 Changed: Aug 19 Last Checked: Oct 2 at 1:06AM
MLS# 543043

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.

Lot 28 is a 1.35-acre commercial land parcel within Railside Business Park. The site carries B-3 zoning and is identified as a water feature lot. Permitted use categories listed for the property include retail, restaurants, professional services, banks, gyms, grocery, daycare and senior or assisted living centers, lodging, entertainment, pools, clubs, and related businesses. Buildings may accommodate up to three tenants or occupants, and multiple lots may be combined into a single building site.

Roadway and utility infrastructure are in place, with three-phase electrical service available. Public water and public sewer serve the property. The site provides access to the Rt 41, Rt 231, and Rt 2 interchange on I-65, with connections toward Rt 10 and Rt 114 and north-south access along Rt 41.

Key Highlights

  • 1.35‑acre Lot 28 in Railside Business Park
  • B‑3 zoning with broad commercial use categories
  • Water feature lot designation

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Parking Lot & Garage Hair Salon HVAC Service

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - B-3 zoning supports retail, dining, services, lodging, entertainment, and other commercial uses.
Where is this commercial land located?
The property is located at 13951 Alexander Street Cedar Lake, IN.
What is the asking price?
The asking price for this property is $397,300.
What are key features of this property?
This property features: 1.35‑acre Lot 28 in Railside Business Park; B‑3 zoning with broad commercial use categories; Water feature lot designation
More about this property
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