403 Commercial AveLowell, IN 46356

Property Details for 403 Commercial Ave

Year built

1955

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

6,301 SF

Property type

Retail properties

Property subtype

Retail space

APN

45-19-27-228-003.000-038

APU

451927228003000038

Description

This exceptional 1,400 square foot retail space is available for lease in Lake County, offering a fantastic opportunity for a single-tenant business. Located at 400 E Commercial Ave, the property boasts a completely vacant, move-in ready interior, providing flexibility for any tenant's specific needs and design preferences. The building's total square footage is 1,400 square feet, ensuring ample space for operations and potential expansion. The property is classified as commercial retail, making it ideal for a wide range of businesses, from boutiques and cafes to service providers and specialty shops. Its single-tenant occupancy guarantees exclusive use and control of the entire space, eliminating the complexities of shared spaces and potential conflicts with other tenants. The property's location in Lake County offers excellent access to local traffic and potential customers, providing a strategic advantage for any business seeking high visibility and foot traffic. This is a rare opportunity to secure a well-positioned, fully vacant retail space in a desirable location. The property is ready for immediate occupancy, allowing businesses to quickly establish their presence and begin operations. Interested parties are encouraged to inquire promptly to secure this exceptional retail space. The property is available for lease and offers a blank canvas for a new business venture.

• CAP approach

  CAP return

  Valuation

  6%

  $2,976,694

  6.5%

  $2,747,718

  7%

  $2,551,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,068,177

  Geo Method

  $2,068,177

• Alternative Use

  Use

  Valuation

  Residential

  $2,317,802

  Hospitality

  $2,123,094

  Educational

  $1,766,390

  Medical

  $1,827,139

  Retail

  $2,747,718

Location Insight

City

Lowell

County

Lake

State

Indiana

Latitude

41.2896

Longitude

-87.4316

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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