Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7003 W 173Rd Pl Lowell, IN 46356

    View on Map
    Sponsored
    Picture of Commercial land at W 173Rd Pl 7003, Lowell, IN
    For Sale
    Pending
    $110,000

    LAND - Lowell, IN

    Lot size:
    11.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 10 at 5:06 pm

    Property Features for 7003 W 173Rd Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    451923202005000007
    Lot size
    11.00 Acres

    We can help!

    Listing Contact
    Trish Pietrzak

    Century21 Affiliated (219) 805-7493

    Listing agent Trish Pietrzak (219) 794-5657

    Listing date Mar 7, 2026

    MLS# 826429 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Unincorporated Land in Lake County

    This approximately 11-acre property, designated as an Outlot, is located at the dead end of Oak Valley Drive in unincorporated Lake County. The property is being sold "AS IS", and the buyer will be responsible for all permits and changes. To build or develop, the property would need to go through the process to change zoning. This property is located in Lowell, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.416089
    Latitude
    41.303886

    Nearby Similar for Sale

    • $600,000
      3,566 SF

      Turnkey Veterinary Clinic Opportunity

      Equipped 3,500sf facility on State Road 2 in Lowell, IN.
      1642 E Commercial Ave, Lowell, IN 46356
      View Details
    • $295,000
      Pending

      Mixed-Use Property in Lowell, Indiana

      Retail, office, and residential units in a vibrant suburban setting.
      112-116 Halstead St, Lowell, IN 46356
      View Details
    • $255,000
      2,130 SF

      Route 41 Commercial Opportunity

      3+ acre parcel with commercial building and fixer-upper home.
      20508 Wicker Blvd, Lowell, IN 46356
      View Details
    • Contact for pricing

      Retail Space in Lowell, Indiana

      Retail space in a Strack & Van Til-anchored center.
      2090 East Commercial Ave, Lowell, IN 46356
      View Details
    • $495,000
      0.55 Acres

      Lowell Retail Space: Prime Location

      Turn-key Restaurant & Retail Opportunity
      241 Liberty St, Lowell, IN 46356
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 11 acres of land for sale in Lowell, Indiana.
    Where is this commercial land located?
    The property is located at 7003 W 173Rd Pl Lowell, IN.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - Approximately 11 acres of land; - Great price - just reduced!; - Unincorporated Lake County location
    (219) 794-5657
    Request Owner's contact information
    7003 W 173Rd Pl Lowell, IN 46356
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7003 W 173Rd Pl
    Lowell, IN 46356
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7003 W 173Rd Pl Lowell, IN 46356
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Trish Pietrzak
    Real Estate License ID: RB14046538
    (219) 794-5657 (219) 738-2455 (219) 365-3146
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!