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Commercial Land with Restaurant Building
For Sale
$249,000

20508 Wicker Boulevard, Lowell, IN 46356

Commercial Sale, Lowell, IN

Property Size2,130 SF
Lot Size3.29 Acres
Price / SF$116.90
Days on Market548

Property Features for 20508 Wicker Boulevard

General Information

Property type Commercial Sale
Property subtype Other
Parking 50
Directions Just south of Belshaw road on Route 41
Standard status Active
APN 452308226009000037
Size 2,130 SF
Lot size 3.29 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description N1/2 OF E1/2 N1/2 NE1/4 NE1/4 S.8 T.32 R.9 EX S.175FT OF W.420FT 3.29 AC
Tax Annual Amount 4528
Legal Description N1/2 OF E1/2 N1/2 NE1/4 NE1/4 S.8 T.32 R.9 EX S.175FT OF W.420FT 3.29 AC

Utilities

Utilities Propane
Sewer type Septic Tank
Heating system Propane (Heating)
Water source Well

Building Details

Year built 1945
Listing Agency: Weichert, Realtors-Moke Agency
Listed By: Joseph Moke · License #RB14023373
Added: Mar 13, 2025 Changed: Sep 2 Last Checked: Sep 11 at 3:06AM
MLS# 817414

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3.29-acre commercial land offering includes a 1,092-square-foot commercial building configured for restaurant use. The property also contains a single-family home described as a fixer-upper with some updates already completed, creating two distinct improvements on the parcel. Space is available for semi-truck parking, adding a heavy-vehicle component to the site’s existing commercial setup.

The property is positioned on Route 41 in Lowell, Indiana, with propane heat, a well water source, and a septic tank serving the site. The commercial building dates to 1945. The combination of a restaurant-ready structure, additional residential improvement, and acreage provides a varied physical layout for commercial ownership or redevelopment consideration.

Key Highlights

  • 3.29‑acre commercial land parcel on Route 41
  • 1,092‑square‑foot commercial building configured for restaurant use
  • Space for semi‑truck parking

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop Auto Parts Store Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

Demographics for 46356, IN

18,668
Population
7,290
Households
2.6
Avg Household Size
41
Median Age
20%
College-Educated
96%
High-School Grad
112.5 sq mi
ZIP Area
166
Density / Sq Mi
$87,535
Median Household Income
$51,151
Median Earnings
$1,190
Median Rent
$256,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Route 41 property combines a restaurant-configured building, semi-truck parking area, and an additional single-family residence.
Where is this commercial land located?
The property is located at 20508 Wicker Boulevard Lowell, IN.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 3.29‑acre commercial land parcel on Route 41; 1,092‑square‑foot commercial building configured for restaurant use; Space for semi‑truck parking
More about this property
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