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Property profile

12937 Wicker Ave Cedar Lake, IN 46303

Retail space
Property ID
US31-3371515
View Sample
12,116 SF 2.06 ac lot Built 2006
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional retail property, located at 12937 Wicker Avenue in Cedar Lake, Indiana, offers a significant lease opportunity. The building, constructed in 2007, encompasses a total of 16,104 square feet situated on a 2.06-acre lot. Currently configured as a fitness center, the space includes 13,416 square feet of vacant area and 3,688 square feet of occupied space. Key features include an overhead door, high ceilings, and existing fitness center amenities such as locker rooms and showers, along with separate workout rooms ideal for classes. The property's versatile layout allows for adaptation to a variety of retail uses. Its location in a rapidly developing area of Northwest Indiana, within Lake County and zip code 46303, provides excellent visibility and access to a growing customer base. This single-tenant property presents a unique chance for businesses seeking a prominent location to establish or expand their operations. The property's size and existing infrastructure make it an attractive option for businesses requiring substantial space and specialized amenities. This is a rare opportunity to secure a well-equipped retail space in a thriving Indiana community. The property is ready for immediate occupancy.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction WOOD
Total area 12,116 SF
Lot 2.06 ac (89,603 SF)
Zoning code R3
APN 45-15-21-301-017.000-014
UPID US31-3371515

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Mobile Phone Store Electronics & Wireless Store
  • Medical Clinic
  • Arcade & Gaming Center Family Recreation Center
  • Training Center Sports School

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.80M
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.59M

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2016
Price N/A
2015
Price N/A
2015
Price N/A
2008
Price N/A

Zoning & alternative use

R3 · Cedar Lake, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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