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Property profile & analytics
OFF-MARKET
Land

13861 Alexander St Cedar Lake, IN 46303

1.1 ac lot
Property ID
Property summary
AI-generated overview

This 1.1-acre commercial lot, situated in the Railside Business Park in Cedar Lake, Indiana (Lake County, zip code 46303, address 13861 Alexander St), presents a prime development opportunity. Zoned B-3 (M1 light industrial), this parcel is part of a 28-site development, fully serviced with roadways and utilities ready for 2024 construction. The property's B-3 zoning allows for a wide range of uses, including retail, restaurants, professional services, banks, gyms, grocery stores, daycare/senior/assisted living centers, liquor sales, building materials businesses, amusement and entertainment venues, pools, skating rinks, clubs, hotels/lodges, and machinery rental. Multiple lots can be combined for larger developments, with a maximum of three buildings permitted per combined site. The park boasts excellent interstate connectivity, providing easy access to I-65 via the Route 41/Route 231 and Route 2 interchange, as well as convenient access to Route 10/Route 114, offering connections to Illinois. Route 41 provides north-south access, connecting to Chicago and points south. This is a rare opportunity to acquire a develop-ready lot in a thriving area with diverse permitted uses. The asking price is $357,300.

Property profile
Verified
Property type Land
Lot 1.1 ac (47,916 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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