13501 Morse Street, Cedar Lake, IN 46303

$585,000
Property Type: Commercial Sale Square Footage: 10,000 Lot Size (sq. ft.): 22,599 Status: Closed
Current Price: $585,000 List Date: 6/24/2025 Last Modified: 10/09/2025

Overview

Description

Just REDUCED!!! GREAT OPPORTUNITY and high visibility WITH OFFICE AND WAREHOUSE SPACE!!! LOCATED ON THE MAIN TRAFFIC PATTERN AROUND CEDAR LAKE!! This building is CURRENTLY Zoned B1 with 10,000+/- sqft. Retail, office, eatery, entertainment, hobby shop, water sports related business, printing/signs, and any or all small businesses that need or want a large space----THIS IS IT!!!! APPROX 1750 sqft of finished open area and 8000+/- sqft of warehouse/storage all enclosed. Concrete floor in rear WAREHOUSE, DRIVE THROUGH FROM THE FRONT TO BACK OF BUILDING W/overhead doors and new lighting. Recent upgrades to front/side entrance plus the interior: windows, walls, front floor coverings, lighting, painting and trim.Loads of potential uses,

Listing Details MLS# 823029

General Property Information

Number Of Units Total
Yes
Living Area
10000
Building Area Source
Assessor
Accessibility Features YN
Yes
Year Built
1977
Parking Total
10
Lot Size Acres
0.5188
Lot Size Square Feet
22598.93
Lot Size Source
Assessor
Waterfront YN
No
Basement YN
No
Stories
Yes

Property Features

Accessibility Features: Accessible Doors Building Features: Acoustical Ceiling(s); Business District Location; Exterior Lighting; Lunch Room; Mixed Use; Private Restrooms; Suspended Ceiling(s); Other Business Type: Mixed; Retail; Warehouse Construction Materials: Stone; Other Cooling: Central Air; None Current Use: Mixed Use; Vacant; Warehouse Electric: 200+ Amp Service; Circuit Breakers Exterior Features: Lighting; Rain Gutters Flooring: Concrete; Laminate Heating: Forced Air; Natural Gas Interior Features: High Ceilings Listing Terms: Cash; Conventional Lock Box Information: SentriLock Owner Pays: None Parking Features: Additional Parking; Asphalt; Oversized; Paved Possession: Close Of Escrow Possible Use: Commercial; Mixed Use; Office; Recreational; Retail; Warehouse; Other Rail Availability: None Roof: Metal Security Features: Security Lights Sewer: Public Sewer Special Licenses: None Special Listing Conditions: None Tenant Pays: None Utilities: Cable Available; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Well

Contract Information

Auction YN
No
Original List Price
639900
Property Sub Type
Mixed Use
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Location Tax and Legal

Street Number
13501
Street Name
Morse
Street Suffix
Street
County
Lake
State
IN
Postal Code
46303
Subdivision Name
Cedar Point Ridge

Remarks and Miscellaneous

Public Remarks
Just REDUCED!!! GREAT OPPORTUNITY and high visibility WITH OFFICE AND WAREHOUSE SPACE!!! LOCATED ON THE MAIN TRAFFIC PATTERN AROUND CEDAR LAKE!! This building is CURRENTLY Zoned B1 with 10,000+/- sqft. Retail, office, eatery, entertainment, hobby shop, water sports related business, printing/signs, and any or all small businesses that need or want a large space----THIS IS IT!!!! APPROX 1750 sqft of finished open area and 8000+/- sqft of warehouse/storage all enclosed. Concrete floor in rear WAREHOUSE, DRIVE THROUGH FROM THE FRONT TO BACK OF BUILDING W/overhead doors and new lighting. Recent upgrades to front/side entrance plus the interior: windows, walls, front floor coverings, lighting, painting and trim.Loads of potential uses,

Status Change Information

Major Change Timestamp
2025-10-09T20:52:48Z
Major Change Type
Status Change
Status Change Timestamp
2025-10-09
Offer Acceptance Date
2025-09-02
Close Date
2025-10-09
Close Price
585000
Concessions
Yes
Buyer Financing
Conventional

More Information

Building Features

Building Dimensions
60'X 157' APPROX
Clear Ceiling Height
14' + APPROX
Cranes
NA
Industrial Park Name
None
Number of Offices
Yes
Office SqFt
1500
Overhead Doors
4
Acoustical Ceiling(s)
Yes
Business District Location
Yes
Exterior Lighting
Yes
Lunch Room
Yes
Mixed Use
Yes
Private Restrooms
Yes
Suspended Ceiling(s)
Yes
Other
Yes

Exemption Information

Exemption YN
No

Income and Expenses

Insurance Expense
2100
New Taxes Expense
4454
Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Total Actual Rent
0
Trash Expense
0
Water Expense
0

Showing Requirements

Showing Instructions
Use showing assist, Show and go

Historical Information

Public Historical Remarks
Zoning: BUSO, Utilities: On, Air Cond/Ventilation: Office Only, Frontage Access: Public Road, Roof Structure: Pitched,Truss, Number of Offices: 3+, Office Sq. Ft.:, Overhead Doors:

Location, Tax, and Legal

Postal Code +4
8008
School District
Crown Point
Tax Annual Amount
4200
Tax Year
2024
Tax Legal Description
Legal Description: CEDAR POINT RIDGE ALL LOTS 1 THRU 8 & VAC. ALLEY ADJ TO LOTS 1 TO 5
Parcel Number
Tbd
Additional Parcels YN
No
Zoning Description
Business
Township
Center
Directions
RT 41 TURN EAST ON 133RD AVE, CONTINUE AROUND CEDAR LAKE TO MORSE, CONTINUE TO PROPERTY ON EAST SIDE OF ROADWAY.
Cross Street
135th Ave

Accessibility Features

Accessible Doors
Yes

Construction Materials

Stone
Yes
Other
Yes

Cooling

Central Air
Yes
None
Yes

Electric

200+ Amp Service
Yes
Circuit Breakers
Yes

Exterior Features

Lighting
Yes
Rain Gutters
Yes

Flooring

Concrete
Yes
Laminate
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Interior Features

High Ceilings
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lock Box Information

SentriLock
Yes

Parking Features

Additional Parking
Yes
Asphalt
Yes
Oversized
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Metal
Yes

Security Features

Security Lights
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

None
Yes

Utilities

Cable Available
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes

Water Source

Well
Yes

Owner Pays

None
Yes

Tenant Pays

None
Yes

Current Use

Mixed Use
Yes
Vacant
Yes
Warehouse
Yes

Possible Use

Commercial
Yes
Mixed Use
Yes
Office
Yes
Recreational
Yes
Retail
Yes
Warehouse
Yes
Other
Yes

Business Type

Mixed
Yes
Retail
Yes
Warehouse
Yes

Rail Availability

None
Yes

Special Licenses

None
Yes
Listing Office: McColly Real Estate
Last Updated: October - 09 - 2025
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