Turnkey Retail/Office
176 Deanna Dr Lowell, IN 46356
176 Deanna Dr, Lowell, IN, 46356
$249,975
For Sale
$249,975
Fully remodeled unit with open-concept retail/professional layout, private rear storage, restroom, and independent rear access.
Property Size1,023 SF
Price / SF$244.35
Days on Market44
Property Features for 176 Deanna Dr
General Information
- Standard status
- Active
- Size
- 1,023 SF
Listing agency
SCHUPP Real Estate
(219) 775-2373
Listed by
John Schupp · License #RB14033846
(219) 775-2373
Source
Exprealty
Added: Jun 10 Updated: Jul 22 at 7:08PM Checked: Jul 22 at 7:08PM
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 SCHUPP Real Estate
Investment Insights
Based on property information with market context.
This fully remodeled, turnkey storefront or professional office offers an open-concept layout with extensive 2022 upgrades, including plug-and-play modular track lighting, interior LED recessed lighting, and built-in slat walls. Rear East wall shelving is included, along with private rear storage, a restroom, and laundry facilities. Independent rear access supports day-to-day operations.
The property is located on East Commercial Avenue in Lowell and is positioned between the high school and Lowell Plaza shopping hub. The unit is designed to benefit from heavy daily traffic averaging 15,000 to 18,702 vehicles per day, with current monthly retail sales of 15–17K.
Additional modern improvements include a new furnace, central AC, roof, and exterior upgrades featuring maintenance-free siding and soffits. Tenants have independent utility meters and deeded right-of-way access across common lots shared by units 170–176, with ample paved parking. On-site video surveillance is in place, and certain display components—including display cases and a refrigerated cooler—are available for lease or purchase.
The property is located on East Commercial Avenue in Lowell and is positioned between the high school and Lowell Plaza shopping hub. The unit is designed to benefit from heavy daily traffic averaging 15,000 to 18,702 vehicles per day, with current monthly retail sales of 15–17K.
Additional modern improvements include a new furnace, central AC, roof, and exterior upgrades featuring maintenance-free siding and soffits. Tenants have independent utility meters and deeded right-of-way access across common lots shared by units 170–176, with ample paved parking. On-site video surveillance is in place, and certain display components—including display cases and a refrigerated cooler—are available for lease or purchase.
Key Highlights
- 1,023 SF fully remodeled turnkey retail storefront or professional office with open‑concept layout
- 2022 upgrades include plug‑and‑play modular track lighting, interior LED recessed lighting, and built‑in slat walls
- Includes private rear storage, restroom, laundry facilities, and independent rear access
Local 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 |
1,023 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$185.4K
$162.2K – $216.3K
NOI $12,976 @ 7.0% cap · market cap 5.19%
Second Best
Retail
$140.8K
$123.2K – $164.3K
NOI $9,858 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$285.6K
$249.9K – $333.2K
NOI $19,991 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Fully remodeled unit with open-concept retail/professional layout, private rear storage, restroom, and independent rear access.
Where is this storefront property located?
The property is located at 176 Deanna Dr Lowell, IN.
What is the asking price?
The asking price for this property is $249,975.
What are key features of this property?
This property features: 1,023 SF fully remodeled turnkey retail storefront or professional office with open‑concept layout; 2022 upgrades include plug‑and‑play modular track lighting, interior LED recessed lighting, and built‑in slat walls; Includes private rear storage, restroom, laundry facilities, and independent rear access
