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$475,000

427 E Commercial Avenue Lowell, IN  46356

  • 4,016 sq. Ft

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Property Description for 427 E Commercial Avenue Lowell, IN 46356

"Step back in time with this extraordinary historical mansion, a beloved fixture in downtown Lowell, Indiana since approx. 1865. This grand dame of the Historical District stands as a testament to the town's rich history and character, offering a rare opportunity to become a steward of a true local treasure.Meticulously preserved over the years, the mansion seamlessly blends its original charm with modern conveniences. Within this Two-Story with an unfinished basement, the property is ideally suited for a variety of commercial ventures, from a quaint bed and breakfast to professional offices, restaurant or an elegant event venue.The stately architecture showcases a picturesque blend of Italianate and Victorian influences, featuring soaring ceilings, exquisite woodwork, and enchanting period details throughout. The expansive grounds invite visitors to relax and unwind amidst lush gardens and mature trees, mere steps from the heart of Lowell's vibrant downtown scene.Don't miss your chance to own a piece of historical real estate and create your own legacy within the storied walls of this captivating mansion. Kitchen has commercial grade range/hood installed, Center stainless steel Island, 1 bath on main level. Upper has a bathroom and separate shower room. 3 fireplaces located on main floor. Wet sink built in the island in the on suite quarter room on main floor. View of the Founders Park across the street. City water and sewer, Nipsco for gas and electric. Previously was a mixed use restaurant and upper living quarters. end user. Home is marked as a Historical Building in the National registry. Fenced rear yard also fenced front yard. Parking on site, but also in the public parking areas all around this location. Property being sold As-Is Condition. All permits must go through Town of Lowell. And exterior permitting through the Lowell Historic Preservation Commission.

Address:427 E Commercial Avenue Lowell IN 46356
Status:Active
on site: 156 days
Price:$475,000
Bathrooms:0
Sq. Feet:4,016
Year Built:1865
Lot Size:0.24
County: Lake
Township: Cedar Creek
School System : Tri-Creek
MLS #:806532
Property Type:Business

Lot Dimensions:84x128
Directions:Rt 41 S to Rt 2. E to Downtown Lowell , property on North side of street acrossfrom Lowell Chamber of Commerce building
Total Sq. Ft. :4,016
Basement:Yes

Loan Price
$2,676
Price And Interest $2,478/month
Property Tax $0/month
MTG INS $0/month
HOME INS $198/month
Price
$475,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$2,376 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Tax Year:2023
Mandatory HOA Fee:$

City:Lowell
Subdivision: Clarks Addition
Zip Code:46356

Total Sq. Ft.:4,016
Interior Features:Attic Stairway, Walk-In Closet(s), Wet Bar, Crown Molding, High Ceilings, Entrance Foyer, Chandelier, Coffered Ceiling(s), Ceiling Fan(s), Built-in Features, Beamed Ceilings
Appliances:Exhaust Fan, Water Heater
Exterior Features:Balcony, Private Yard, Rain Gutters, Garden
Heat:Radiant
Jeff Safrin, REALTOR®/Broker, F. C. Tucker Company
Jeff Safrin
Additional Phone (219) 309-9930
F.C. Tucker Company

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Listing provided courtesy of Nancy Frigo with Coldwell Banker Realty from NIRA as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 07/09/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Lowell Market Report

109
Avg. DOM
$191.19
Avg. $ / Sq.Ft.
$ 390,900
Med. List Price

The house prices in Lowell are indeed dropping at the moment. There has been a decrease in price of $292,000.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

There is no data available at this time for Lowell.

The most popular place to buy a home in Lowell is 001 - Fayette County NW. 001 - Fayette County NW is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Lowell .

The average amount of property taxes you would have to pay for a home in Lowell is $84.91. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Lowell are staying listed for an average of 36 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Lowell was 2103 minutes ago.

At the moment we have 14 open houses that you can visit.

The cost of the most expensive home in Lowell is $2,100,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Lowell is $24,500.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Lowell in year 1889 and the newest built house is in year 2025.

The average size of properties in Lowell is 2322.99 sq.ft. , the biggest one being 12336 sq.ft. and the smaller being 576 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.