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Property profile & analytics
OFF-MARKET
Commercial real estate

307 Commercial Ave Lowell, IN 46356-1707

3,456 SF 0.06 ac lot Built 1948
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US31-3542328
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1948
Construction WOOD
Total area 3,456 SF
Lot 0.06 ac (2,744 SF)
Zoning code R3
APN 45-19-23-382-016.000-008
UPID US31-3542328
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tsa Prpoperties LLC · 2 yrs held
Tsa Prpoperties LLC
since 2023
3 recorded transactions
2023
Price N/A
2020
Price N/A
2020
Price N/A
Zoning & alternative use
R3 · Lowell, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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