Lowell IN Commercial for Sale
- Type:
- Retail
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.75 Acres
- Year built:
- 1987
- Baths:
- MLS#:
- 808219
ADDITIONAL INFORMATION
The numbers herein don't lie - and the return on your money is not only STRONG - Its one of the best Ive seen with expanded use in the coming future. [I/R=V] : Rents Annual 48,000, Tax Annual 5,896, Insurance Annual 2,250 = Net MONTHLY Income $39,854 (This does not factor in an estimated annual budget for maintenance & repair and basically since all systems, roof & mechanicals are dialed in and for the most part have a LONG LONG life left: AGE: Roof 10+/-, AC 3-4, Boiler 15+/-, PAVED Lot NEW 2020) An investor will NO DOUBT and should factor that in but for now will leave it as a middle of the road base line scenario. NET ANNUAL INCOME=$478,248 and using the 10% rule for value for JUST the building WITHOUT any future increases (triple net here so you wont go down due to those expenses) is $480,000. And based on a bank appraisals INCOME APPROACH its very similar at $500,000. AS FOR THE EXTRA ACREAGE - even harder to find since SO FEW like places left along Commercial / State Rd 2 let alone w/entry access. The LOT ONLY portion of this package has 148'F/ 339'D which is 1.15 Acres VS O'Reilly's Auto Parts across the street having 258'F / 300' D and1.77 Acres that SOLD 2015 for 260K. A great comp since nothing like it LOCATION specific but there are a couple of the next most recent that incl Dunkin' Donuts w/tiny frontage of 100' / 222' for .51 Acre & SOLD for 250K in 2021 and then Taco Bell's Lot 158' / 175' .63 Acre SOLD for 300K in 2023 - JUST Sampling the 3 its clear the lots are selling for FAR more but for FAR less SF and simply taking the avg frontage @ $1,569 plf the xtra lot easily falls in the $232,000+ realm - and that's before factoring the access f/Commercial AND The West side parking lot of the current building. LOADS of expansion options, strip malls + stand alones. So VERY conservatively speaking a $712,000 value is substantiated - BUT, this is a complete package sale for $650,000 and set to move AS IS 2024 + 3 yr lease in place until January'27.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.64 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 807781
ADDITIONAL INFORMATION
A great location for most any type of business located at the corner of Commercial Ave. and Burnham St.
- Type:
- Mixed Use
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.27 Acres
- Year built:
- 1895
- Baths:
- MLS#:
- 806848
ADDITIONAL INFORMATION
PRIME LOCATION in DOWNTOWN Lowell. AMAZING HISTORIC BUILDING W/LARGE LOT, LOW TAXES, GREAT POTENTIAL INCOME OPTIONS. BUSINESS OFFERS 2 APARTMENTS UPSTAIRS. Great potential for retail business or office space. Business inventory Contents can sold.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 10,752 Acres
- Year built:
- 1865
- Baths:
- MLS#:
- 806532
ADDITIONAL INFORMATION
"Step back in time with this extraordinary historical mansion, a beloved fixture in downtown Lowell, Indiana since approx. 1865. This grand dame of the Historical District stands as a testament to the town's rich history and character, offering a rare opportunity to become a steward of a true local treasure.Meticulously preserved over the years, the mansion seamlessly blends its original charm with modern conveniences. Within this Two-Story with an unfinished basement, the property is ideally suited for a variety of commercial ventures, from a quaint bed and breakfast to professional offices, restaurant or an elegant event venue.The stately architecture showcases a picturesque blend of Italianate and Victorian influences, featuring soaring ceilings, exquisite woodwork, and enchanting period details throughout. The expansive grounds invite visitors to relax and unwind amidst lush gardens and mature trees, mere steps from the heart of Lowell's vibrant downtown scene.Don't miss your chance to own a piece of historical real estate and create your own legacy within the storied walls of this captivating mansion. Kitchen has commercial grade range/hood installed, Center stainless steel Island, 1 bath on main level. Upper has a bathroom and separate shower room. 3 fireplaces located on main floor. Wet sink built in the island in the on suite quarter room on main floor. View of the Founders Park across the street. City water and sewer, Nipsco for gas and electric. Previously was a mixed use restaurant and upper living quarters. end user. Home is marked as a Historical Building in the National registry. Fenced rear yard also fenced front yard. Parking on site, but also in the public parking areas all around this location. Property being sold As-Is Condition. All permits must go through Town of Lowell. And exterior permitting through the Lowell Historic Preservation Commission.
- Type:
- Retail
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.56 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- 525826
ADDITIONAL INFORMATION
Current Leased restaurant location with 1540 SF at 108 W Commercial Ave with Multi year lease, newer plumbing throughout and recently remodeled interior. Office/Single Family building at 116 W Commercial Ave rented month to month with 2000 SF was remodeled in the last 10 years with a full bath & flooring on 2nd story. Tenants are responsible for all utilities & carry renters' insurance. Many possibilities with these properties as there is a vacant lot & side road for additional parking. Investor just needs some vision for what could be here considering the growth in the Lowell community. Property being sold AS-IS, seller to do no repairs.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Lowell Real Estate
The median home value in Lowell, IN is $329,995. This is higher than the county median home value of $149,900. The national median home value is $219,700. The average price of homes sold in Lowell, IN is $329,995. Approximately 78.49% of Lowell homes are owned, compared to 18.37% rented, while 3.13% are vacant. Lowell real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lowell real estate agent to arrange a tour today!
Lowell, Indiana has a population of 9,502. Lowell is more family-centric than the surrounding county with 33.41% of the households containing married families with children. The county average for households married with children is 27.3%.
The median household income in Lowell, Indiana is $62,574. The median household income for the surrounding county is $52,559 compared to the national median of $57,652. The median age of people living in Lowell is 37.3 years.
Lowell Weather
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 39.3 inches per year, with 32.7 inches of snow per year.