108-122 Commercial AveLowell, IN 02212
- Retail properties
- 0.56 AC
Property Details for 108-122 Commercial Ave
- Year built
- 1905
- Lot size
- 0.56 AC
- Property type
- Retail properties
Description
This exceptional Lowell, IN investment opportunity encompasses two income-producing properties situated on a combined 0.56-acre lot at 108-122 W Commercial Avenue. The first property, located at 108 W Commercial Avenue, is a 1540 square foot restaurant currently operating under a multi-year lease. The space boasts recently remodeled interiors and updated plumbing throughout. The second property, situated at 116 W Commercial Avenue, is a 2000 square foot office/single-family building currently leased month-to-month. This building underwent a complete renovation within the last 10 years, including a full bathroom and new flooring on the second story. Both tenants are responsible for all utilities and maintain renter's insurance. Adding to the appeal, the property includes a vacant lot and a side road, offering potential for additional parking or expansion. The properties are being sold "AS IS," with the seller not undertaking any repairs. This presents a unique chance for an investor to capitalize on the burgeoning Lowell community and realize significant returns with some creative vision and planning. The asking price for this combined portfolio is $695,000.
Location Insight
- City
- Lowell
- County
- Lake
- State
- Indiana
- Latitude
- 41.291
- Longitude
- -87.4236
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