End-Cap Retail Space with Drive-Up
For Sale
$399,000
B-13861 Alexandria Ln, Cedar Lake, IN
Commercial unit in a four-unit building with drive-up windows near local schools and Route 41.
Property Size2,500 SF
Price / SF$159.60
Days on Market199
Property Features for B-13861 Alexandria Ln
General Information
Standard status
Active
Size
2,500 SF
Zoning
B3
Site & Location
End Cap
Yes
Drive-Thru
Yes
Taxes and HOA fees
Annual Taxes
$1,200
Building Details
Tenancy
Single
Listing Agency:
McColly Real Estate
(219) 934-6300
Listed By:
Shelly Faber · License #RB14044470
(219) 775-1799
Source:
Exprealty
Added: Apr 2
Changed: Oct 11
Last Checked: Oct 16 at 9:48AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 2,500-square-foot commercial unit is available within a modern four-unit building at Railside Business Park. The space occupies an end-cap position and includes drive-up windows, providing a configuration suited to customer-facing retail or service operations. The unit is offered for purchase or lease.
The property is located on Alexandria Ln in Cedar Lake, Indiana, near local schools and Route 41. The broader development also includes six B3-zoned commercial lots, creating additional opportunities for business and professional offices, retail, medical and dental facilities, restaurants, hotels, recreation centers, vocational schools, senior care facilities, breweries, or community centers.
The property is located on Alexandria Ln in Cedar Lake, Indiana, near local schools and Route 41. The broader development also includes six B3-zoned commercial lots, creating additional opportunities for business and professional offices, retail, medical and dental facilities, restaurants, hotels, recreation centers, vocational schools, senior care facilities, breweries, or community centers.
Key Highlights
- 2,500‑square‑foot commercial unit in a modern four‑unit building
- End‑cap positioning with drive‑up windows
- Near local schools and Route 41
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
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial unit in a four-unit building with drive-up windows near local schools and Route 41.
Where is this retail space located?
The property is located at B-13861 Alexandria Ln 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 commercial unit in a modern four‑unit building; End‑cap positioning with drive‑up windows; Near local schools and Route 41
