Two-Building Flex
For Sale
$599,900
9602 W 133rd Ave, Cedar Lake, IN 46303
Versatile commercial facility with showroom, repair, fabrication, storage, and office areas across two buildings.
Property Size6,940 SF
Price / SF$86.44
Days on Market94
Property Features for 9602 W 133rd Ave
General Information
Standard status
Active
Size
6,940 SF
Building Details
Year Built
1977
Listing Agency:
BHHS Executive Realty
Listed By:
David Harkabus · License #RB14042838
(219) 313-1669
Source:
Staplesregroup
Added: Aug 2
Changed: Oct 26
Last Checked: Oct 7 at 2:07PM
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 BHHS Executive Realty
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Investment Insights
Based on property information with market context.
This 6,940-square-foot flex property comprises two commercial buildings with complementary showroom, service, storage, fabrication, and office components. The improvements include a retail showroom, counter area, repair and build space, indoor vehicle storage, private office, bathroom with wash tub and shower, storage loft, second-floor office, two paint booths, and two overhead doors. Approximately half of the second building has 15-foot ceilings. The property is currently used for motorcycle fabrication, painting, sales, repair, and golf cart sales.
The site is positioned on 133rd Avenue, identified as Cedar Lake’s primary east-west corridor, with access from the corridor and approximately 3,750 square feet of on-site parking. Additional public parking is located across the street. Immediate possession is available.
The site is positioned on 133rd Avenue, identified as Cedar Lake’s primary east-west corridor, with access from the corridor and approximately 3,750 square feet of on-site parking. Additional public parking is located across the street. Immediate possession is available.
Key Highlights
- 6,940‑square‑foot flex property with two commercial buildings
- Showroom, repair and build space, storage, offices, and indoor vehicle parking
- Two paint booths, two overhead doors, and 15‑foot ceilings across approximately half of Building 2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,890
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,800
$977.8K
Cap Rate 7%
$698,429
$698.4K
Cap Rate 9%
$543,222
$543.2K
Market Conditions
NOI Build-Up for 6,940 SF
Gross rent
$60.8K $8.76/SF
− Vacancy
−$3.3K −$0.47/SF
EGI
$57.5K $8.29/SF
− OpEx
−$8.6K −$1.24/SF
NOI
$48.9K $7.04/SF
Area
Lake County, IN
Vacancy
5.39%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,800
Cap Rate 7%
$698,429
Cap Rate 9%
$543,222
Alternative Uses
Best Use
Retail
$955.4K
$836.0K – $1.11M
NOI $66,877 @ 7.0% cap · market cap 11.15%
Second Best
Warehouse
$698.4K
$611.1K – $814.8K
NOI $48,890 @ 7.0% cap · market cap 8.15%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,616 @ 7.0% cap · market cap 22.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- La Dilla Mexican Grill — 9759 Lincoln Plz Wy, Cedar Lake, IN 46303
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with showroom, repair, fabrication, storage, and office areas across two buildings.
Where is this flex space located?
The property is located at 9602 W 133rd Ave Cedar Lake, IN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 6,940‑square‑foot flex property with two commercial buildings; Showroom, repair and build space, storage, offices, and indoor vehicle parking; Two paint booths, two overhead doors, and 15‑foot ceilings across approximately half of Building 2
