Search
Turnkey Retail and Office Storefront
For Sale
Contact for pricing

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 Size1,023 SF
Price / SF$244.38
Days on Market55

Property Features for 176 Deanna Drive

General Information

Standard status Active
Size 1,023 SF
Property subtype Retail

Additional Details

Business Included Yes
Traffic Count 18,702 vehicles/day

Building Details

Year Built 1978
Year Renovated 2022
Listing Agency: Schupp Real Estate
Listed By: John Schupp · License #IN RB14033846
Source: Crexi
Added: Jun 11 Changed: Jul 6 Last Checked: Aug 3 at 8:23AM

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 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.

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
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 authorities.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Hair Salon Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18,702 VPD
Traffic count
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

234
Businesses Nearby
Under-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message