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Key Details
Sold Price $520,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,880 sqft
Price per Sqft $88
MLS Listing ID 836906
Sold Date 06/26/26
Year Built 1948
Annual Tax Amount $4,567
Tax Year 2025
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Mixed Use
Property Description
Rare opportunity to own a versatile commercial property with M-2 zoning in a high-demand area of Lowell! Situated on 1 acre with easy access to Route 41 and I-65, this property features two buildings and a large gravel yard ideal for auto service, contractor operations, storage, fleet parking, or a variety of industrial uses. The main 3,280 SF block building (40' x 82') is currently operating as an auto repair facility and is in excellent condition. Features include a 3-year-old roof, 12'+ ceiling height, one 12' x 12' overhead drive-in door, updated 200 amp service with 220 electric (updated within the last 3 years), vehicle lift, and upper-level storage. Functional layout includes two private offices, a reception/waiting area, plus a third upper-level office and additional storage room. The second 2,600 SF metal building (50' x 52') offers excellent additional storage or workspace potential. Property includes two separate driveways for easy operational flow and access. Recent and upcoming improvements include updated electrical and connection to city water and sewer. Located outside city limits, offering added flexibility for owner-users and investors alike. Clean environmental status (not a polluted site). Zoned M-2 with dimensions of approximately 155' x 280' (43,400 SF lot). Endless potential for automotive, trades, storage, logistics, or small business operations -- move in and start operating immediately!
Location
State IN
County Lake
Zoning Industrial
Interior
Heating Forced Air, Natural Gas
Fireplace N
Appliance Other
Exterior
View Y/N true
View true
Others
Tax ID 451928101012000037
Acceptable Financing NRA20260410231703801096000000
Listing Terms NRA20260410231703801096000000
Financing Cash
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Bought with Weichert, Realtors-Moke Agency
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