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
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
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
Listing Office:
New Chapter Real Estate
Last Updated: March - 08 - 2026
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