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    241 Liberty St Lowell, IN 46356

    For Sale
    $495,000

    Turn-key Restaurant & Retail Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property at 241 N Liberty Street, Lowell, Indiana, presents a unique investment opportunity. Encompassing three parcels totaling 0.88 acres, this 4,000+ square foot space is currently configured as a fully equipped, turn-key restaurant and bar. The property boasts a complete commercial kitchen, a full bar with all necessary equipment, and a spacious dining area featuring booths. A significant advantage is the inclusion of a valuable three-way liquor license, allowing for immediate operation. The property's strategic location is a key selling point. Situated just steps from a new city park development, it benefits from anticipated high foot traffic and strong community engagement. This park will include an outdoor amphitheater, community building, splash pad, and playground, further enhancing the property's appeal. Annual property taxes are under $10,000, and ample parking is available. The versatility of this space allows for a variety of uses, including casual or upscale dining, or even an event venue. This property is ideally suited for entrepreneurs or investors seeking to capitalize on the growth and development within the thriving Lowell community. The 0.55-acre lot offers significant potential for future expansion or development.

    Property Features for 241 Liberty St

    General Information

    Property type
    Retail properties
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1970
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.42633
    Latitude
    41.2924

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    FAQs

    What type of property is this?
    Retail property - Turn-key Restaurant & Retail Opportunity
    Where is this retail property located?
    The property is located at 241 Liberty St Lowell, IN.
    What is the asking price?
    The asking price for this property is $495,000.
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    Realmo Value Estimation

    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.

    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.

    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
    241 Liberty St Lowell, IN 46356
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