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12937 Wicker Ave 3,688 - 13,416 SF of Retail Space Available in Cedar Lake, IN 46303
HIGHLIGHTS
- 32,300 SF mixed-use property across two parcels totaling approximately 2.76 acres
- Two warehouse buildings occupied by AT&T and other regional tenants
- Located in a growing commercial corridor of Cedar Lake, IN
- Includes a standalone restaurant building leased to Aurelio’s
- 105 dedicated parking spaces with strong site accessibility
- **Financials available upon request**
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,688-13,416 SF | Negotiable | $8.50 /SF/YR $0.71 /SF/MO $114,036 /YR $9,503 /MO | Triple Net (NNN) |
1st Floor
Fully built out currently operating as a fitness center. Locker rooms, showers, separate workout rooms, etc.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Highly Desirable End Cap Space
- High Ceilings
- Features an overhead door with tall ceilings.
- NNN Expenses: $2.50 PSF
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 13,416 SF | Gross Leasable Area | 32,300 SF |
| Min. Divisible | 3,688 SF | Year Built/Renovated | 2007/2016 |
| Property Type | Retail | Parking Ratio | 3.25/1,000 SF |
| Property Subtype | Storefront |
| Total Space Available | 13,416 SF |
| Min. Divisible | 3,688 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 32,300 SF |
| Year Built/Renovated | 2007/2016 |
| Parking Ratio | 3.25/1,000 SF |
ABOUT THE PROPERTY
Now available for sale, this 32,300 SF mixed-use investment opportunity spans two parcels totaling approximately 2.76 acres. The property features a standalone restaurant building occupied by Aurelio’s and two warehouse/flex buildings with tenants including AT&T and other established regional operators. The site offers ample parking with 105 dedicated spaces and strong visibility in a growing commercial corridor.
- Signage
NEARBY MAJOR RETAILERS
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12937 Wicker Ave
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