1642 E Commercial Ave, Lowell, IN 46356
For Sale
$600,000
Fully equipped veterinary clinic with multiple exam rooms, surgical/dental suites, and ample parking on a major thoroughfare.
Property Size3,566 SF
Lot Size0.61 Acres
Price / SF$168.26
Days on Market310
Property Features for 1642 E Commercial Ave
General Information
Standard status
Property type
Size
Lot size
Building Details
Year Built
Listed By:
John Schupp
(219) 775-2373
Added: Jan 5
Changed: Jun 29
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,913
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,260
$998.3K
Cap Rate 7%
$713,043
$713.0K
Cap Rate 9%
$554,589
$554.6K
Market Conditions
NOI Build-Up for 3,566 SF
Gross rent
$92.4K $25.92/SF
− Vacancy
−$9.2K −$2.59/SF
EGI
$83.2K $23.33/SF
− OpEx
−$33.3K −$9.33/SF
NOI
$49.9K $14.00/SF
Area
Lake County, IN
Vacancy
10.00%
Lease Rate
$25.92 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,260
Cap Rate 7%
$713,043
Cap Rate 9%
$554,589
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$256,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Lake County, IN
Properties on Market for Storefront properties in Lake County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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.
