1642 E Commercial Ave, Lowell, IN 46356
Fully equipped veterinary clinic with multiple exam rooms, surgical/dental suites, and ample parking on a major thoroughfare.
Property size:
3,566 SFLot size:
0.61 AcresPrice / SF:
$168/SF- Added:
- Jan 5, 2026
- Days on Market:
- 177
- Last Refresh:
- Jun 29 at 11:32 am
Property Features for 1642 E Commercial Ave
General Information
- Standard status
- Active
- Property type
- Storefront properties, Individual retail properties, Retail properties & Spaces, Medical space, Healthcare properties, Other individual retail properties
- Size
- 3,566 SF
- Lot size
- 0.61 Acres
Building Details
- Year Built
- 1955
Listing agent John (219) 775-2373
Listing office (219) 775-2373
Listing date Jan 5, 2026
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.4k | $25.92 |
| − Vacancy | −$9.2k | −$2.59 |
| EGI | $83.2k | $23.33 |
| − OpEx | −$33.3k | −$9.33 |
| NOI | $49.9k | $14.00 |
3,566 SF · lease $25.92/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$713.0K
$623.9K – $831.9K
NOI $49,913 @ 7.0% cap · market cap 8.32%
Second Best
Retail
$490.9K
$429.6K – $572.7K
NOI $34,364 @ 7.0% cap · market cap 5.73%
Theoretical Best
Specialty Retail
$995.5K
$871.1K – $1.16M
NOI $69,684 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Lake
- State
- Indiana
- Longitude
- -87.402464
- Latitude
- 41.289509
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Fully equipped veterinary clinic with multiple exam rooms, surgical/dental suites, and ample parking on a major thoroughfare.
Where is this storefront property located?
The property is located at 1642 E Commercial Ave Lowell, IN.
What is the asking price?
The asking price for this property is $600,000.
