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    307 Commercial Ave Lowell, IN 46356

    Sponsored
    For Lease
    $126 SF/Yr

    Newly renovated, prime location, 3,456 sq ft.

    Lot size:
    3,456 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,456-square-foot commercial property, located in the heart of Downtown Lowell, presents a unique investment opportunity. Completely renovated in 2024, this single-tenant building is ideally suited for a variety of uses, including restaurants, retail stores, or office space. The versatile layout offers ample space for customization to meet specific business needs. A key feature is the newly retrofitted roof, perfect for creating a rooftop seating area, adding significant value and appeal, especially for restaurant concepts. Furthermore, an existing outdoor patio area provides additional space for customer enjoyment. The property's convenient location is enhanced by the proximity to a large municipal parking lot located both behind and across the street from the building, ensuring easy access for customers and employees. Built in 1948 and extensively updated this year, this property sits on a 0.063-acre lot and offers a blend of historic charm and modern functionality. This is a rare opportunity to acquire a turn-key commercial space in a thriving downtown area. The property is currently vacant, allowing for immediate occupancy and customization.

    Property Features for 307 Commercial Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,456 SF
    Total Rate
    36288

    Building Details

    Year Built/Renovated
    1948/2024

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,456 SF
    Rate per SF
    $126

    HighLights

    • Retail/Restaurant space totaling 3,456 square feet.
    • Single‑tenant occupancy.
    • Newly renovated in 2024.
    • 0.063‑acre lot.
    • Building constructed in 1948.
    • Features a rooftop seating area and outdoor patio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.4211197
    Latitude
    41.2915651

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    FAQs

    What type of property is this?
    Restaurant - Newly renovated, prime location, 3,456 sq ft.
    Where is this restaurant located?
    The property is located at 307 Commercial Ave Lowell, IN.
    What is the lease rate?
    The lease rate is $126 SF/Yr.
    What are key features of this property?
    This property features: Retail/Restaurant space totaling 3,456 square feet.; Single-tenant occupancy.; Newly renovated in 2024.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 Commercial Ave Lowell, IN 46356
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