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Medical Office Space with Exam Rooms
For Lease
$4,000/Mo

1642 E Commercial Avenue, Lowell, IN 46356

Commercial Lease, Lowell, IN

Space Size3,500 SF
Lot Size0.61 Acres
Days on Market96

Property Features for 1642 E Commercial Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Parking features Off Street
Security features Security Lighting
Exterior features Lighting, Rain Gutters
Lot features Back Yard, Rectangular Lot, Paved, Landscaped, Few Trees
Directions Commercial Avenue West of Burr St (McDonalds/KFC/Speedway/Walgreens) to the property on the South side of the street between Dunkin Donuts & Mexico Lindo / Burger King across the street from Jimmy Johns
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
Legal 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

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1955
Listing Agency: SCHUPP Real Estate
Listed By: John Schupp · License #RB14033846
Added: Jun 16 Changed: Sep 12 Last Checked: Sep 19 at 6:06AM
MLS# 840779

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.

Investment Insights

Based on property information with market context.

This 3,566-square-foot medical office property includes a reception area, multiple exam rooms, and dedicated surgical and dental suites. The facility also has onsite radiology, specialized plumbing and electrical systems, zoned heating and cooling, natural gas forced-air heat, and a roof installed in 2020. Built in 1955, the building offers a layout configured for clinical use and includes off-street parking.

The property occupies 0.612 acres at 1642 E Commercial Avenue in Lowell, Indiana, along State Road 2, also identified as Commercial Avenue. Public water and public sewer serve the site. Exterior features include lighting and rain gutters, providing a practical existing setup for a medical office user.

Key Highlights

  • 3,566‑square‑foot medical office facility on a 0.612‑acre lot
  • Reception area, multiple exam rooms, and dedicated surgical and dental suites
  • Onsite radiology with specialized plumbing and electrical systems

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Hair Salon Parking Lot & Garage HVAC Service Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.02 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

287
Businesses Nearby
Under-served
Demand for This Use

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
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Bardens Animal Clinic 1642 E Commercial Ave, Lowell, IN 46356

Frequently Asked Questions

What type of property is this?
Medical Office Space - Existing reception, exam, surgical, and dental areas support specialized clinical operations.
Where is this medical office space located?
The property is located at 1642 E Commercial Avenue Lowell, IN.
What is the lease rate?
The lease rate is $4,000/Mo.
What are key features of this property?
This property features: 3,566‑square‑foot medical office facility on a 0.612‑acre lot; Reception area, multiple exam rooms, and dedicated surgical and dental suites; Onsite radiology with specialized plumbing and electrical systems
More about this property
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