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Property profile & analytics
OFF-MARKET
Land

11439 Wicker Ave Cedar Lake, IN 46303

8.63 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8.63-acre property located at 11439 Wicker Ave, Cedar Lake, IN 46303, presents a unique investment opportunity. Currently zoned R3 Residential, with neighboring B2 commercial businesses emerging, this land offers significant flexibility. The property consists of two parcels (APN: 45-15-09-301-006.000-013 and 45-15-09-301-007.000-013), boasting impressive dimensions: 330 feet of lot frontage and a depth of 13201 feet. Its strategic location on Route 41/Wicker Avenue ensures high visibility and accessibility. The land's current use is designated as "Other," but its potential is vast, encompassing car lots, car washes, farms, commercial ventures, recreational uses, and warehousing. A zone change may be required for certain uses. The property includes existing outbuildings, such as a pole barn and storage structures, along with a fixer-upper house. Note that all necessary permits will need to be obtained by the buyer. This is an ideal opportunity for developers, investors, or entrepreneurs seeking a large parcel of land with diverse development potential in a rapidly growing area. Asking price is $850,000. Road access is via paved roads and interstate connections.

Property profile
Verified
Property type Land
Lot 8.63 ac (375,923 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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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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