Storefront Property with Adjoining Retail
For Sale
$1,300,000
1729-1735 E Commercial Ave, Lowell, IN 46356
Available storefront space is paired with an adjoining occupied building and a side delivery door.
Property Size9,120 SF
Price / SF$142.54
Days on Market197
Property Features for 1729-1735 E Commercial Ave
General Information
Standard status
Active
Size
9,120 SF
Property subtype
Retail
Amenities
side delivery door
Building Details
Building Size
9,120 SF
Year Built
1971
Buildings
2
Tenancy
Multi
Listing Agency:
Latitude Commercial
Listed By:
Brett McDermott, CCIM · License #IN #RB14050416
(219) 545-4328
Source:
Latitudeco
Added: Apr 1
Changed: Oct 6
Last Checked: Oct 12 at 5:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Latitude Commercial
Investment Insights
Based on property information with market context.
This storefront property includes 7,560 SF of vacant space within a building constructed in 1971. The available area includes a side delivery door and is described as ready for occupancy. An adjoining 1,560 SF building is leased to Subway, which has maintained a 20-year occupancy history.
The property is located at 1729-1735 E Commercial Ave in Lowell, Indiana. Commercial Avenue is identified as a heavily traveled corridor, and the property is surrounded by national retailers. The combination of available storefront area, a separate leased building, and established retail surroundings creates a mixed-use configuration within the property.
The property is located at 1729-1735 E Commercial Ave in Lowell, Indiana. Commercial Avenue is identified as a heavily traveled corridor, and the property is surrounded by national retailers. The combination of available storefront area, a separate leased building, and established retail surroundings creates a mixed-use configuration within the property.
Key Highlights
- 7,560 SF vacant storefront space
- Adjoining 1,560 SF building leased to Subway
- Subway occupancy history of 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,885
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,700
$1.8M
Cap Rate 7%
$1,255,500
$1.3M
Cap Rate 9%
$976,500
$976.5K
Market Conditions
NOI Build-Up for 9,120 SF
Gross rent
$131.3K $14.40/SF
− Vacancy
−$5.8K −$0.63/SF
EGI
$125.5K $13.77/SF
− OpEx
−$37.7K −$4.13/SF
NOI
$87.9K $9.64/SF
Area
Lake County, IN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,700
Cap Rate 7%
$1,255,500
Cap Rate 9%
$976,500
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.46M
NOI $87,885 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.55M
$2.23M – $2.97M
NOI $178,216 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
247
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Available storefront space is paired with an adjoining occupied building and a side delivery door.
Where is this storefront property located?
The property is located at 1729-1735 E Commercial Ave Lowell, IN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7,560 SF vacant storefront space; Adjoining 1,560 SF building leased to Subway; Subway occupancy history of 20 years
