Lowell, IN 46356 108-122 W Commercial Avenue
$725,000
27 more
Presented By: Deana Sutton with New Chapter Real Estate - (219) 227-8454;
SQFT • 3,540
Home Details
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 yearly lease with 2000 SF was remodeled in the last 10 years with a full bath & flooring on 2nd story, recently repainted top to floor. 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.
Presented By: Deana Sutton with New Chapter Real Estate - (219) 227-8454;
Interior Features for 108-122 W Commercial Avenue
Other Interior Features
Interior AmenitiesCountry Kitchen, Laminate Counters, Entrance Foyer
General for 108-122 W Commercial Avenue
AccessibilityAccessible Approach with Ramp
AppliancesOther, Range, Water Heater, Refrigerator, Range Hood
Building FeaturesHigh Speed Internet Avail, Suspended Ceiling(s), Sheet Rock Ceiling(s), Public Restrooms, Private Restrooms, Plastered Ceiling(s), Other
CityLowell
CountyLake
DirectionsRt. 41 to Rt. 2/Commercial Ave East to home just prior to railroad tracks in downtown Lowell area
Electric100 Amp Service, Circuit Breakers, 200+ Amp Service
Electric Expense
Elementary SchoolOak Hill Elementary
Gross Income
HeatingForced Air, Natural Gas
High SchoolLowell Senior High School
High School DistrictTri-Creek
Insurance Expense
Legal DescriptionLegal Description: HJ NICHOLS ADD. S'LY PT. LOT 16 ADJ. W. 45FT. L.16 124.90X33.30X 100X73.60FT.TRA & S'LY PT. L16 100X60X85X9.4X63.68FT.TR.B, (45ft) of S pt of Lot 16 & Par 7x45
Listing TermsCash, Conventional
Lot Size Square Feet24393.6
Maintenance Expense
Middle/Junior High SchoolLowell Middle School
Net Operating Income0
OwnerPaysTaxes
Property SubtypeMixed Use
Property TypeCommercial Sale
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameH J Nichols Add Lowell
Tax Annual Amount13390
Tax Year2024
Taxes$13,390
Total Actual Rent36000
TownshipCedar Creek
Trash Expense0
UtilitiesCable Available, Water Connected, Sewer Connected, Natural Gas Connected, Natural Gas Available, Electricity Connected, Electricity Available
Year Built1905
Zoning DescriptionOther
Exterior for 108-122 W Commercial Avenue
Exterior AmenitiesPrivate Yard, Rain Gutters
Lot FeaturesOther
Lot Size Acres0.56
Lot Size SourceOwner
Parking FeaturesAsphalt, On Street, Paved, Driveway, Concrete
Total Parking18
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Lowell Senior High School
Middle School
Lowell Middle School
Elementary School
Oak Hill Elementary
Maleah Matthys
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