176 Deanna Drive
Lowell, IN, 46356 $ 250,000
Bedrooms-- Baths-- Sq 1,023 Monthly Estimate*
$ 1,539
for $250,000. This 1,023 square foot building was built in 1978 on a lot size of 0.07.
TURNKEY RETAIL/PROFESSIONAL SPACE ON HIGH-GROWTH COMMERCIAL AVENUE CORRIDOR. Position your business in this fully remodeled, 1,023 sq ft turnkey retail storefront or professional office. Located on East Commercial Avenue, the unit capitalizes on Lowell's rapid growth (over 12prcnt population increase since 2020, growing 1.54prcnt annually). Positioned between the high school and Lowell Plaza shopping hub, you will capture heavy daily traffic averaging 15,000 to 18,702 vehicles per day. Current monthly retail sales are 15-17K. The open-concept layout features extensive 2022 upgrades: plug-and-play modular track lighting, interior LED recessed lighting, and built-in slat walls that remain. Rear East wall shelving is included. Display cases, a refrigerated cooler, full video surveillance, and track downlight kits are available for lease or purchase. A full turnkey inventory package can also be negotiated. This move-in-ready layout provides private rear storage, a restroom, laundry facilities, and independent rear access. The physical asset is completely modernized with a brand new furnace, central AC, roof, and exterior makeover featuring maintenance-free siding and soffits. Tenants enjoy independent utility meters and deeded right-of-way access across all common lots shared by units 170-176, offering ample paved parking. Terms require a 1-year min for a lease only at a base rate of 1400 per month, with 1st, last, and 1-month security deposit required. Contract-to-purchase options and future ownership opportunities are available based on lease terms and credit. Overhead is predictable: NIPSCO gas/electric averages 185 per month, plus base water is 36, base sewer is 67, and a quarter-share dumpster fee is 23 plus seasonal snow removal. The application fee is 75 for the main applicant (refundable upon lease execution) and 35 for a co-applicant. Survey available. Schedule your private showing today to anchor your business in NW Indiana's premier growth market.
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FeaturesInteriorInterior Amenities Ceiling Fan(s) Vaulted Ceiling(s) Open Floorplan
Laundry Features Gas Dryer Hookup Washer Hookup
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GeneralSewer Public Sewer
Heating Forced Air
Utilities Cable Available Sewer Connected Natural Gas Connected Electricity Connected
Year Built 1978
Electric 100 Amp Service Circuit Breakers
Township Cedar Creek
Property Subtype Retail
Tax Year 2025
Gross Income 0
County Lake
Net Operating Income 0
Insurance Expense 480
Property Type Commercial Sale
MaintenanceExpense 0
Subdivision Name Hoffman Manor
Building Features Sheet Rock Ceiling(s) Strip Mall Location Mixed Use
Status Active
Directions Commercial Ave / St Rd 2 to Deanna Dr (Stoplight between Centier Bank & Georges Restaurant across from Highschool...South to unit on East side of street next to Aurelios and across from Don Dells Res
City Lowell
Lot Size Square Feet 3049
Listing Terms Lease Purchase
Tax Annual Amount 1283
Electric Expense 0
Trash Expense 23
Standard Status Active
Total Actual Rent 1526
Taxes 1268
Legal Description HOFFMAN MANOR S.20.66FT OF LOT 6
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ExteriorExterior Amenities Lighting Rain Gutters
Parking Features Off Street Paved Other
Water Source Public
Total Parking 24
Lot Size Acres 0.07
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $1,539
- Monthly Property Taxes
- $107
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Lowell, IN
Average List Price $421,229
Percent of Sale Price 68%
About Lowell, IN 10,127 Population
32% Since 2002
$ 64,749 Median Income
38.17 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/10/2026 | $250,000 | | Listed Price |