1642 E Commercial Avenue, Lowell, IN 46356
SINGLE_FAMILY - Lowell, IN
- Added:
- Jan 5, 2026
- Days on Market:
- 183
- Last Refresh:
- Jul 7 at 7:06 pm
Property Features for 1642 E Commercial Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking
- 24
- Parking features
- Off Street
- Security features
- Security Lighting
- Interior features
- Entrance Foyer
- Exterior features
- Lighting, Rain Gutters
- Standard status
- Active
- APN
- 451925127003000008
- Size
- 3,566 SF
- Lot size
- 0.61 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- W.120FT OF E.443.55FT OF N.227.93FT OF NE.1/4 NW.1/4 S.25 T.33 R.9 EX. PT. IN R/W 0.612AC
- Tax Annual Amount
- 8354
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1955
Listing agent John Schupp License #471020157 (219) 775-2373
Listing office SCHUPP Real Estate 170 Deanna Dr., Lowell, IN (219) 696-3596
Listing date Jan 5, 2026
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.
HighLights
- Prime location on State Road 2 (Commercial Ave) with high visibility and traffic, offering unparalleled local recognition.
- Turnkey veterinary clinic opportunity, fully equipped 3,500sf facility ready for immediate use.
- Optimal layout designed for medical use, including reception area, exam rooms, and surgical/dental suites.
- Significant parking on a 0.61‑acre lot with room for potential expansion.
- Strong local market in Lowell with growing home values and demand for community services, presenting an opportunity to capture the previous clinic's client base.
- Equipped with robust plumbing and electrical systems, onsite radiology, zoned Heating & Cooling + New Roof in 2020.
Overview
The building is located at 1642 E Commercial Avenue in Lowell, Indiana, directly on State Road 2 (Commercial Ave). The setting is positioned on a primary thoroughfare within the local commercial corridor, and the 0.61-acre lot provides parking for staff and clients.
For a veterinary provider or specialty pet care operator seeking an established clinic configuration, this space offers the core functional rooms needed for patient intake and examinations, along with surgical/dental areas. The property is also described as having onsite radiology and robust plumbing and electrical systems designed to support high-intensity medical/dental equipment. Additional improvements mentioned include zoned heating and cooling and a new roof completed in 2020.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Lake
- State
- Indiana
- Longitude
- -87.402464
- Latitude
- 41.289509
