Auction Information
- Excellent Location
- Excellent Development Potential
- Great Commercial Avenue/State Road 2 Highway Frontage
- Significant New Commercial Development in the Immediate Area
- Utilities at the Property
- Investigate the Possibilities with this Highway Frontage
- 2% Broker Participation Fee Offered - Brokers: Contact Auction Manager for Broker Participation Terms
- Tracts Ranging from 1.8+/- to 4.3+/- Acres
Auction is Without Reserve - Subject Only to Final Court Approval
2% Broker Participation Fee Offered - Brokers: Contact Auction Manager for Broker Participation Terms
OPEN HOUSE/INSPECTION DATES
Thursday, August 1st from 2:00-4:00PM (CST)
Thursday, August 15th from 2:00-4:00PM (CST)
Meet a Schrader Representative at Signature Banquets - 1908 E. Commercial Ave., Lowell, IN. Directions are the same as auction location.
PROPERTY LOCATION
From the east side of Lowell at the intersecti...
From the east side of Lowell at the intersection of Commercial Ave (St Rd 2) with Holtz Rd/Clark St (Lowell High School on the Northwest corner) go east on Commercial Ave (St Rd 2) approximately 1/8 mile to Tract 2 on the north side of Commercial Ave. Tract 1 is on the east side of Tract 2 and Tract 3 is on the north side of Tracts 1 and 2.
FROM east of Lowell at the I-65 and St Rd 2 interchange (Exit 240) go west on St Rd 2 (181st Ave) for approximately 4.4 miles to Tract 1 on the north side of the road.
AUCTION LOCATION
Signature Banquets
1908 E. Commercial Ave., Lowell, IN 46356.
From the east side of Lowell at the intersection of Commercial Ave (St Rd 2) with Holtz Rd/Clark St (Lowell High School on Northwest Corner) go west on Commercial Ave (St Rd 2) approximately .3 miles to Bel Air Dr. (between Tech Credit Union and Aldi). Go south on Bel Air Drive and then take the first left into Tech Credit Union parking lot and go east to Signature Banquets.
PROPERTY DESCRIPTION
Utilities at Property on north side of State Road 2:
Water: Indiana American Water
Sanitary Sewer: Town of Lowell - 12in (Also a sanitary sewer line running north-south along area of new road and north, west of the property)
Electric: Nipsco - Three Phase
Natural Gas: Nipsco
Planning, Zoning & Access: The property is zoned PB - Professional Business District. Prior to the auction, bidders are responsible for investigating all planning, zoning & access requirements for any proposed building or development. The purchase of any tract(s) will not be contingent upon obtaining any permit or approval required for any future building or development. Auction Company is informed that any building permit will require subdivision and site plan approvals, whether the property sells as a whole or in multiple tracts.
2023 Real Estate Taxes Payable 2024:
Tract 1 (1 Tax #): $402.20
Lowell Storm Water: $19.20
Tract 2 (1 Tax #): $950.26
Lowell Storm Water: $19.20
Tract 3 (1 Tax #): $877.32
Lowell Storm Water: $19.20
TRACT DESCRIPTIONS
Tract 1: 1.8 ac Great location and tract with approximately 264ft of frontage on Commercial Ave/St Rd 2.
Tract 2: 4.3 ac This tract has approximately 600ft of frontage on Commercial Ave/St Rd 2. It also has frontage on the road along much of its west side. Investigate all the possibilities this tract offers. There is a two sided billboard on this tract. Lease extended to 1-31-25 and annual payment was $2000 this year.
Tract 3: 3.9 ac "SWING TRACT" This Tract must be bid on in a combination with Tract 1 and/or 2 or by an adjoining landowner. Consider combining with Tracts 1 and 2 for a 10+/- acre development property. Approximately 864ft wide x 200ft deep.
Contact Auction Manager or see Detailed Information Booklet with additional Due-Diligence materials and contact information of Lowell Planning official for zoning/planning questions as well as INDOT representative regarding driveway/access inquiries.
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PROPERTY LOCATION
From the east side of Lowell at the intersection of Commercial Ave (St Rd 2) with Holtz Rd/Clark St (Lowell High School on the Northwest corner) go east on Commercial Ave (St Rd 2) approximately 1/8 mile to Tract 2 on the north side of Commercial Ave. Tract 1 is on the east side of Tract 2 and Tract 3 is on the north side of Tracts 1 and 2.
FROM east of Lowell at the I-65 and St Rd 2 interchange (Exit 240) go west on St Rd 2 (181st Ave) for approximately 4.4 miles to Tract 1 on the north side of the road.
AUCTION LOCATION
Signature Banquets
1908 E. Commercial Ave., Lowell, IN 46356.
From the east side of Lowell at the intersection of Commercial Ave (St Rd 2) with Holtz Rd/Clark St (Lowell High School on Northwest Corner) go west on Commercial Ave (St Rd 2) approximately .3 miles to Bel Air Dr. (between Tech Credit Union and Aldi). Go south on Bel Air Drive and then take the first left into Tech Credit Union parking lot and go east to Signature Banquets.