1046 Commercial Ave Lowell, IN 46356
This 960-square-foot commercial property, located at 1046 E Commercial Ave in Lowell, Indiana (zip code 46356), is a single-tenant space ideal for a variety of businesses. Currently configured as a yoga studio, the layout features open retail space and a private office, along with a bathroom. The property is situated in a strip mall just east of downtown Lowell, conveniently located on Commercial Avenue (Route 2), next to an Auto Zone. The location offers ample parking, a significant advantage for customers and employees. Its proximity to downtown Lowell and the antique row makes it an attractive option for businesses seeking high visibility and foot traffic. The lease terms are favorable, offering a 3-5 year lease with 2% annual rent increases. A security deposit of $1500 is required. Common area maintenance, property taxes, and insurance are included in the rental rate, simplifying budgeting and management for the tenant. This versatile space is well-suited for various uses, including vitamin shops, online retail businesses (like an eBay store), professional offices, or antique shops. The property's convenient location and inclusive lease terms present a compelling opportunity for a business seeking a thriving location in Lowell, Indiana.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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