176 Deanna Drive, Lowell, IN 46356
Fully remodeled storefront or office with private rear storage, restroom, and independent utilities on a high-traffic corridor.
- 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
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Lake
- State
- Indiana
- Longitude
- -87.3951612
- Latitude
- 41.2882219