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    Property profile & analytics

    307 Commercial Ave Lowell, IN 46356

    • Commercial real estate
    • 3,456 SF
    • 0.06 lot acres
    For Lease
    View listing
    $126 SF/Yr
    Value Estimation
    $260,000
    Last Sale
    Oct 13, 2023
    Location Intelligence
    Property ID
    US31-3542328
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 307 Commercial Ave

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    3,456 SF
    Zone code
    R3
    Property type
    Commercial real estate
    APN
    45-19-23-382-016.000-008
    APU
    451923382016000008

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $245,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $245,000
      Mixed-Use
      $280,000
      Hospitality
      $255,000
      Educational
      $260,000
      Residential Income
      $270,000
      Energy
      $275,000
      Income-Based Land
      $275,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.4211
    Latitude
    41.2916
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,677
    $18,900
    $70,300
    $89,200
    -
    $18,900
    $70,300
    $89,200

    Comparable in this City

    • Value Estimation by Request
      4,016 SF

      427 Commercial Ave

      Restaurants • 4,016 SF
      427 Commercial Ave, Lowell, IN 46356
      View Details
    • Value Estimation by Request
      20.00 Acres

      13601 225th Ave

      COMMERCIAL (GENERAL) • 20.00 Acres
      13601 225th Ave, Lowell, IN 46356-9431
      View Details
    • Value Estimation by Request
      0.63 Acres

      17611 Burr St

      COMMERCIAL (GENERAL) • 0.63 Acres
      17611 Burr St, Lowell, IN 46356-1911
      View Details
    • Value Estimation by Request
      3,370 SF

      306 Commercial Ave

      COMMERCIAL (GENERAL) • 3,370 SF
      306 Commercial Ave, Lowell, IN 46356-1708
      View Details
    • Value Estimation
      $295,000
      6,025 SF

      310 Commercial Ave

      COMMERCIAL (GENERAL) • 6,025 SF
      310 Commercial Ave, Lowell, IN 46356-1708
      View Details
    • Value Estimation by Request
      21,846 SF

      651 Commercial Ave

      COMMERCIAL (GENERAL) • 21,846 SF
      651 Commercial Ave, Lowell, IN 46356-2301
      View Details

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    Similar Nearby for Lease

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      Downtown Lowell Retail Space

      Newly renovated, prime location, 3,456 sq ft.
      307 Commercial Ave, Lowell, IN 46356
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    • Contact for pricing

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      Retail shopping center with excellent visibility on East Commercial Ave.
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      Retail space available in a prime Lowell shopping center.
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    Lowell, IN 46356
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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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