416 Commercial AveLowell, IN 46356

Property Details for 416 Commercial Ave

Year built

1896

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

6,256 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

45-19-23-456-006.000-008

APU

451923456006000008

Description

This exceptional 6,256 square foot, two-story commercial property, located at 416 E Commercial Ave in Lowell, Indiana, presents a unique investment opportunity. Currently configured as a single-tenant space, it offers 1,450 square feet of immediately available retail/office space. The layout includes a retail storefront, a bullpen area, four private offices, and two restrooms, providing ample space for a variety of businesses. The building is classified as Class B and sits on a 0.1-acre lot in a high-traffic area of downtown Lowell. The property is zoned TC and is conveniently located in the heart of Lowell, a town with a population of 10,680 (2020 Census) in Lake County, Indiana, zip code 46356. The building's prime location ensures excellent visibility and accessibility for customers and employees. This property is ideal for businesses seeking a well-established presence in a thriving community. The remaining 4,806 square feet is currently occupied. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,493,020

  6.5%

  $2,301,249

  7%

  $2,136,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,263,008

  Geo Method

  $1,263,008

• Alternative Use

  Use

  Valuation

  Residential

  $2,301,249

  Hospitality

  $2,107,932

  Educational

  $1,753,775

  Medical

  $1,814,090

  Retail

  $2,728,094

Location Insight

City

Lowell

County

Lake

State

Indiana

Latitude

41.2912

Longitude

-87.4199

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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