176 Deanna Drive, Lowell, IN 46356
Fully remodeled storefront or office with private rear storage, restroom, and independent utilities on a high-traffic corridor.
Property Features for 176 Deanna Drive
General Information
Additional Details
Building Details
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Investment Insights
Based on property information with market context.
The property is located on East Commercial Avenue in Lowell, positioned between the high school and Lowell Plaza shopping hub. Public remarks cite heavy daily traffic averaging 15,000 to 18,702 vehicles per day and monthly retail sales reported at 15–17K.
For tenants or buyers seeking a move-in-ready commercial footprint, this setup supports straightforward customer-facing operations while maintaining practical back-of-house convenience through the private storage, restroom, and independent rear access. Independent utility meters and deeded right-of-way access across common lots shared by units 170–176 provide paved parking for occupants. Overhead is described as predictable, with NIPSCO gas/electric averaging $185 per month plus base water, base sewer, and dumpster and snow-removal-related charges as outlined in the offering. Lease terms referenced include a 1-year minimum, with an option structure tied to contract-to-purchase based on lease terms and credit.
Key Highlights
- Fully remodeled 1,023 SF turnkey retail storefront or professional office
- Private rear storage, restroom, laundry facilities, and independent rear access
- 2022 interior upgrades include plug‑and‑play modular track lighting, LED recessed lighting, and built‑in slat walls
Financial Insights For Office B
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 | $22.1k | $21.60 |
| − Vacancy | −$4.8k | −$4.69 |
| EGI | $17.3k | $16.91 |
| − OpEx | −$4.3k | −$4.23 |
| NOI | $13.0k | $12.68 |
Alternative Uses
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Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 46356, IN
Market
Vacancy Rate% for Office in Midwest region