108-122 W Commercial Avenue, Lowell, IN 46356 (MLS# 835126)

108-122 W Commercial Avenue, Lowell, IN 46356

$719,900

Property Type: Commercial Sale Square Footage: 3,540 Lot Size (sq. ft.): 24,394 Status: Active

Current Price: $719,900 List Date: 3/08/2026 Last Modified: 3/08/2026

Overview

Description

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.

Listing Details MLS# 835126

General Property Information

Number Of Units Total: 2
Living Area: 3540
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 1905
Parking Total: 18
Lot Size Acres: 0.56
Lot Size Square Feet: 24393.6
Lot Size Source: Owner
Waterfront YN: No
Basement YN: Yes
Stories: 2

Property Features

Accessibility Features: Accessible Approach with Ramp Appliances: Range; Range Hood; Refrigerator; Water Heater; Other Basement: Unfinished Building Features: High Speed Internet; Plastered Ceiling(s); Private Restrooms; Public Restrooms; Sheet Rock Ceiling(s); Suspended Ceiling(s); Other Business Type: Restaurant; Other Construction Materials: Vinyl Siding Cooling: Ceiling Fan(s); Central Air; Other Current Use: Commercial; Single Family Electric: 100 Amp Service; 200+ Amp Service; Circuit Breakers Exterior Features: Private Yard; Rain Gutters Flooring: Carpet; Concrete; Tile; Vinyl; Other Heating: Forced Air; Natural Gas Interior Features: Country Kitchen; Entrance Foyer; Laminate Counters Listing Terms: Cash; Conventional Lot Features: Other Owner Pays: Taxes Parking Features: Asphalt; Concrete; Driveway; On Street; Paved Possession: Negotiable; Subject To Tenant Rights Possible Use: Commercial; Office; Retail; Single Family; Other Rail Availability: None Roof: Asphalt; Metal Security Features: Smoke Detector(s) Sewer: Public Sewer Special Listing Conditions: Agent Owned / Interest Tenant Pays: Electricity; Gas; Grounds Care; Sewer; Trash Collection; Water Utilities: Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 719900
Property Sub Type: Business
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: Yes
Occupant Type: Tenant

Location Tax and Legal

Street Number: 108-122
Street Direction Prefix: W
Street Name: Commercial
Street Suffix: Avenue
County: Lake
State: IN
Postal Code: 46356
Subdivision Name: H J Nichols Add Lowell

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2026-03-08T14:48:42Z
Major Change Type: New Listing
Status Change Timestamp: 2026-03-08

More Information

Exemption Information

Exemption YN: No

Income and Expenses

Expense Year: 2022
Gross Scheduled Income: 36000
New Taxes Expense: 13390
Total Actual Rent: 36000
Electric Expense: 0
Gross Income: 0
Insurance Expense: 0
Maintenance Expense: 0
Manager Expense: 0
Net Operating Income: 0
Other Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: 48 Hr notice required listing agent or representative to be at all showings

Historical Information

Public Historical Remarks: Zoning: OTHER, Utilities: On, Bldg. Exterior: Alum/Vinyl Wndw Trim, Parking: Public Parking, Roof Structure: Gable,HIP,Truss, Utilities: Storm Sewer Avail., Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4: 2212
School District: Tri-Creek
Elementary School: Oak Hill Elementary
Middle Or Junior School: Lowell Middle School
High School: Lowell Senior High School
Tax Annual Amount: 13389.6
Tax Year: 2025
Tax Legal Description: Legal 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
Parcel Number: Tbd
Additional Parcels YN: Yes
Additional Parcels Description: 451923384014000008, 451923384012000008, 451923384011000008
Zoning Description: Other
Township: Cedar Creek
Directions: Rt. 41 to Rt. 2 E to property on the N side before railroad tracks in downtown Lowell
Cross Street: Harding

Accessibility Features

Accessible Approach with Ramp: Yes

Appliances

Range: Yes
Range Hood: Yes
Refrigerator: Yes
Water Heater: Yes
Other: Yes

Basement

Unfinished: Yes

Construction Materials

Vinyl Siding: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Other: Yes

Electric

100 Amp Service: Yes
200+ Amp Service: Yes
Circuit Breakers: Yes

Exterior Features

Private Yard: Yes
Rain Gutters: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes
Vinyl: Yes
Other: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Country Kitchen: Yes
Entrance Foyer: Yes
Laminate Counters: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Other: Yes

Parking Features

Asphalt: Yes
Concrete: Yes
Driveway: Yes
On Street: Yes
Paved: Yes

Possession

Negotiable: Yes
Subject To Tenant Rights: Yes

Roof

Asphalt: Yes
Metal: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Agent Owned / Interest: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Owner Pays

Taxes: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Grounds Care: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Current Use

Commercial: Yes
Single Family: Yes

Possible Use

Commercial: Yes
Office: Yes
Retail: Yes
Single Family: Yes
Other: Yes

Building Features

High Speed Internet: Yes
Plastered Ceiling(s): Yes
Private Restrooms: Yes
Public Restrooms: Yes
Sheet Rock Ceiling(s): Yes
Suspended Ceiling(s): Yes
Other: Yes

Business Type

Restaurant: Yes
Other: Yes

Rail Availability

None: Yes

Listing Office: New Chapter Real Estate

Last Updated: March - 08 - 2026

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