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    108-122 Commercial Ave Lowell, IN 02212

    • Retail properties
    • 0.56 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 108-122 Commercial Ave

    Year built
    1905
    Lot size
    0.56 lot acres
    Property type
    Retail properties

    Description

    This exceptional Lowell, IN investment opportunity encompasses two income-producing properties situated on a combined 0.56-acre lot at 108-122 W Commercial Avenue. The first property, located at 108 W Commercial Avenue, is a 1540 square foot restaurant currently operating under a multi-year lease. The space boasts recently remodeled interiors and updated plumbing throughout. The second property, situated at 116 W Commercial Avenue, is a 2000 square foot office/single-family building currently leased month-to-month. This building underwent a complete renovation within the last 10 years, including a full bathroom and new flooring on the second story. Both tenants are responsible for all utilities and maintain renter's insurance. Adding to the appeal, the property includes a vacant lot and a side road, offering potential for additional parking or expansion. The properties are being sold "AS IS," with the seller not undertaking any repairs. This presents a unique chance for an investor to capitalize on the burgeoning Lowell community and realize significant returns with some creative vision and planning. The asking price for this combined portfolio is $695,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.4236
    Latitude
    41.291
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    108-122 Commercial Ave
    Lowell, IN 02212
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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
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