4500 181st Ave Lowell, IN 46356-0017
Property Lookup
Property profile & analytics
4500 181st Ave Lowell, IN 46356-0017
- Medical Office Space
- 12,114 SF
- 2.17 lot acres
Property ID
US31-3038318
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.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 4500 181st Ave
- Year built
- 2014
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.17 lot acres
- Property size
- 12,114 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 45-20-19-376-011.000-008
- APU
- 452019376011000008
Description
This exceptional 12,160-square-foot medical office building in Lowell, Indiana presents a compelling investment opportunity. Located at 4500 West 181st Avenue, this single-story, 2014-constructed building boasts a 100% occupancy rate with a long-term, triple-net (NNN) lease to Franciscan Health, a highly reputable healthcare system with an AA Fitch rating. The lease, expiring January 31, 2034, includes three 10-year renewal options and features 2% annual rent increases, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $410,313, representing a 6.25% capitalization rate on the $6,565,000 asking price. The building sits on a 2.17-acre lot and includes 82 parking spaces. Its prime location offers unmatched visibility from IN-2 and convenient access to I-65, serving a dense, affluent customer base of 188,856 residents with an average household income of $112,000. Landlord responsibilities are minimal, with the tenant responsible for CAM, taxes, insurance, and parking lot maintenance; the landlord is only responsible for the roof and structure (reimbursed by the tenant). This recession-resistant investment in the healthcare sector offers significant long-term potential, aligning perfectly with projected market growth. The property's permitted zoning is PB, and the APN is 45-20-19-376-011.000-008.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $455,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $796,000
Market price range: $307k - $796k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $515,000 Current use
- AUTO REPAIR, GARAGE
- $990,000 Change: +91% Conversion: Difficult
- RETAIL STORES
- $815,000 Change: +58% Conversion: Difficult
- WAREHOUSE, STORAGE
- $785,000 Change: +51% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $780,000 Change: +50% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $715,000 Change: +39% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $680,000 Change: +32% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Lake
- State
- Indiana
- Longitude
- -87.3858
- Latitude
- 41.2904
- 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
$55,888
$462,600
$2,156,200
$2,618,800
-
$462,600
$2,156,200
$2,618,800
