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    Turnkey Retail and Office Storefront Title is generated by Realmo AI

    176 Deanna Drive, Lowell, IN 46356

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    Fully remodeled storefront or office with private rear storage, restroom, and independent utilities on a high-traffic corridor.

    Type:Retail
    Property size:
    1,023 SF
    Price / SF:
    $244/SF
    Added:
    Jun 11, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 20 at 9:40 am

    Property Features for 176 Deanna Drive

    General Information

    Standard status
    Active
    Size
    1,023 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1978

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    Listing Contact
    John Schupp

    Listing agent John Schupp License #IN RB14033846

    Listing office Schupp Real Estate

    Listing date Jun 11, 2026

    Source Crexi

    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

    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
    • Brand‑new furnace, central AC, roof, and exterior with maintenance‑free siding and soffits
    • Independent utility meters and deeded right‑of‑way access with shared paved parking across units 170‑176
    • Monthly operating figures provided: NIPSCO gas/electric averages $185, base water $36, base sewer $67, dumpster fee $23, plus seasonal snow removal

    Overview

    This fully remodeled 1,023 sq ft turnkey space is ready for either retail use or professional office operations. The interior offers an open-concept layout with extensive 2022 upgrades, including modular track lighting, interior LED recessed lighting, and built-in slat walls that remain in place. Rear East wall shelving is included, and available equipment includes display cases and a refrigerated cooler, along with track downlight kits and full video surveillance that can be leased or purchased. The unit also provides private rear storage, a restroom, and laundry facilities, with independent rear access for more efficient day-to-day use. Exterior and major systems have been modernized with a new furnace, central AC, roof, and a refreshed exterior featuring maintenance-free siding and soffits.

    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.

    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 (±1% cap)
    NOI $12,976 @ 7.0% cap · market cap 5.19%
    Second Best
    Retail
    $140.8K
    $123.2K – $164.3K (±1% cap)
    NOI $9,858 @ 7.0% cap · market cap 3.94%
    Theoretical Best
    Specialty Retail
    $285.6K
    $249.9K – $333.2K (±1% cap)
    NOI $19,991 @ 7.0% cap · market cap 8.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.3951612
    Latitude
    41.2882219

    FAQs

    What type of property is this?
    Storefront property - Fully remodeled storefront or office with private rear storage, restroom, and independent utilities on a high-traffic corridor.
    Where is this storefront property located?
    The property is located at 176 Deanna Drive Lowell, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 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
    More about this property
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