402 East Commercial Avenue

Lowell, IN 46356

$425,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Opportunity to own commercial real estate in Lowell Indiana's historical district. This property has two store fronts. The east store front is on a slab and is one level. The west store front has a basement and an apartment on the second level. There is dual access to the building, front and rear. Parking in the front on the street and the rear in the lighted community parking lot. The apartment upstairs has 2 bedrooms, 2 baths, approximately 1400 square feet, there is another full bath in the east...Opportunity to own commercial real estate in Lowell Indiana's historical district. This property has two store fronts. The east store front is on a slab and is one level. The west store front has a basement and an apartment on the second level. There is dual access to the building, front and rear. Parking in the front on the street and the rear in the lighted community parking lot. The apartment upstairs has 2 bedrooms, 2 baths, approximately 1400 square feet, there is another full bath in the east side store front. In the past 5 years 4 new furnace's and 4 new A/C units have been installed, as well as a tankless hot water heater. The potential for this property is endless with two store fronts and plenty of square footage.
  1. Listed by Cindy Jones • McColly Real Estate

Property Details for 402 East Commercial Avenue

Area
Indiana - Lowell
Num Of Parking Spaces
0.0

Location

Listing Courtesy of McColly Real Estate
Add your commute
LISTING UPDATED: 11/21/2023 12:07 AM

Property Details for 402 East Commercial Avenue

StatusActive
MLS #11931617
Days on Market317
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1904
Lot Size0.10 AC / 4,400 SF
CountyLake County

Location

Listing Courtesy of McColly Real Estate
Add your commute

Building Information for 402 East Commercial Avenue

Stories-Residences-Year Built1904Lot Size0.10 AC / 4,400 SF

Payment Calculator

$2,637 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,319

Property Taxes

$318

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 402 East Commercial Avenue

General Information
Location and General Information
  • Geographic Locale: Out of Area
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 101 to 200 Amps
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 40 X 110
  • Lot Size Square Feet: 0.0
  • Stories: 2
  • Fire Protection: Fire Extinguisher/s
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 3
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 402 East Commercial Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 402 East Commercial Avenue

Taxable ValueLand$25,800Additions$200,100Total$225,900
Tax Record2022$3,815 ($318 / month)
Home Facts
Total Finished SqFt5,940 SqFtAbove Grade Finished SqFt5,940 SqFtStories3Lot Size3,920 SqFtStyleMiscellaneous CommercialYear Built1904CountyLAKEAPN45-19-23-456-002.000-008

Schools near 402 East Commercial Avenue

This home is within Tri-Creek School Corporation.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - K to 5
Public - K to 5
Rating
School
Distance
Lowell Middle School
Public5 to 8

Lowell Senior High School
Public9 to 12

Oak Hill Elementary School
PublicK to 5

Three Creeks Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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402 East Commercial Avenue is a mixed use property for sale in Lowell, IN 46356. This property was listed for sale on November 15, 2023 by McColly Real Estate, it's currently listed at $425,000. This listing's school district is Tri-Creek School Corporation. Nearby schools include Lowell Middle School, Lowell Senior High School and Oak Hill Elementary School. 402 East Commercial Avenue is a 0-bed, 0-bath, mixed use property built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of McColly Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.