20508 Wicker Boulevard, Lowell, IN 46356
MULTI_FAMILY - Lowell, IN
- Added:
- Mar 13, 2025
- Days on Market:
- 481
- Last Refresh:
- Jul 6 at 10:06 am
Property Features for 20508 Wicker Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
- Parking features
- Off Street
- Pets allowed
- Yes
- Appliances
- Gas Range, Range Hood
- Standard status
- Active
- APN
- 452308226009000037
- Size
- 1,092 SF
- Lot size
- 3.29 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- N1/2 OF E1/2 N1/2 NE1/4 NE1/4 S.8 T.32 R.9 EX S.175FT OF W.420FT 3.29 AC
- Tax Annual Amount
- 4528
Utilities
- Sewer type
- Septic Tank
- Heating system
- Propane (Heating)
- Water source
- Well
Building Details
- Year built
- 1945
- Floors in Building
- 1
Listing agent Joseph Moke License #RB14023373 (219) 808-2400
Listing office Weichert, Realtors-Moke Agency 617 N. Main St, Crown Point, IN (219) 662-3000
Listing date Mar 13, 2025
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3+ acre parcel on Route 41 with a 1,092 SF commercial building
- Commercial building set up for a restaurant and includes off‑street parking, with room for semi‑truck parking
- Includes a fixer‑upper single‑family home with some updates already started
- Well water and septic tank sewer service on the property
- 1945 year built; appliances include a gas range and range hood
- Propane heating and off‑street parking
Overview
Local Financial Insights For Specialty Retail
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 | $29.5k | $27.00 |
| − Vacancy | −$1.0k | −$0.95 |
| EGI | $28.5k | $26.06 |
| − OpEx | −$7.1k | −$6.51 |
| NOI | $21.3k | $19.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Lake
- State
- Indiana
- Longitude
- -87.468525
- Latitude
- 41.245962
