Endcap Retail/Office
C-13861 Alexandria Ln Cedar Lake, IN
C-13861 Alexandria Ln, Cedar Lake, IN, 00000
$399,000
For Sale
$399,000
Modern four-unit building suite with drive-up windows on two end-cap faces for visibility and convenient access.
Property Size2,500 SF
Price / SF$159.60
Days on Market111
Property Features for C-13861 Alexandria Ln
General Information
- Standard status
- Active
- Size
- 2,500 SF
Listing agency
McColly Real Estate
(219) 775-1799
Listed by
Shelly Faber · License #RB14044470
(219) 775-1799
Source
Exprealty
Added: Apr 2 Updated: Jul 21 at 6:13AM Checked: Jul 21 at 6:13AM
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
Investment Insights
Based on property information with market context.
Located in Railside Business Park, this offering includes a 2,500-square-foot commercial space within a modern four-unit building. The suite is configured as an end-cap unit with drive-up windows on two sides, designed to support visibility and convenient, customer-friendly access.
The property is marketed as being in a fast-growing community in Northwest Indiana, with proximity to local schools and Route 41. In addition to the commercial space, six B3-zoned lots are available, providing flexibility for a range of community-focused uses.
The seller notes the B3-zoned lots may support business and professional offices, retail establishments, medical and dental facilities, restaurants and hotels, recreation and community centers, vocational and trade schools, senior centers or care facilities, and breweries.
The property is marketed as being in a fast-growing community in Northwest Indiana, with proximity to local schools and Route 41. In addition to the commercial space, six B3-zoned lots are available, providing flexibility for a range of community-focused uses.
The seller notes the B3-zoned lots may support business and professional offices, retail establishments, medical and dental facilities, restaurants and hotels, recreation and community centers, vocational and trade schools, senior centers or care facilities, and breweries.
Key Highlights
- 2,500 SF commercial space available in a modern four‑unit building for purchase or lease
- Drive‑up windows on two end‑cap faces for visibility and convenient access
- Six B3‑zoned lots available for a variety of community‑focused uses
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $21.60 |
| − Vacancy | −$11.7k | −$4.69 |
| EGI | $42.3k | $16.91 |
| − OpEx | −$10.6k | −$4.23 |
| NOI | $31.7k | $12.68 |
2,500 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.0K
$396.4K – $528.5K
NOI $31,712 @ 7.0% cap · market cap 7.95%
Second Best
Retail
$344.2K
$301.1K – $401.5K
NOI $24,091 @ 7.0% cap · market cap 6.04%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Modern four-unit building suite with drive-up windows on two end-cap faces for visibility and convenient access.
Where is this retail space located?
The property is located at C-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 SF commercial space available in a modern four‑unit building for purchase or lease; Drive‑up windows on two end‑cap faces for visibility and convenient access; Six B3‑zoned lots available for a variety of community‑focused uses
