Listing provided courtesy of Northwest Indiana Real EstateNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 815966MLS Provider

427 E Commercial AvenueLowell, IN 46356

Single Family · 3 Beds · 1 Full Bath · 1 Half Bath · 2,756 Sq. ft. | 0.24 Acres
$249,900 Active

427 E Commercial Avenue Overview

Time on Site:
504 days
Visits:
6

Motivated seller! Will consider all offers. Own a piece of history in the heart of downtown Lowell with the stunning historic Bacon Mansion, a true gem of Lowell's Historic District circa 1865. Brimming with timeless elegance and modern possibilities, this landmark property offers a rare opportunity for those with a passion for preservation. Perfectly suited for your 3 bedroom/2 bath personal residence, a bed and breakfast, upscale restaurant, corporate offices, an enchanting event venue, etc. This stately two-story residence exudes character at every turn. A seamless blend of Italianate and Victorian architecture, the home showcases soaring cathedral and coffered ceilings, exquisite woodwork, and intricate period details that transport you to a different time. Three fireplaces, rich hardwoods, and large, light-filled windows add warmth and charm to the inviting interior. The commercial-grade kitchen is equipped with a stainless steel island and range/hood, setting the stage for culinary creativity. The upper level features spacious bedrooms, while the thoughtfully designed main-floor common areas offer flexibility for various business operations. Unique to this home is a shower room with an over-sized closet upstairs and a commercial kitchen on the main floor, catering to both residential and hospitality needs. Listed as a historic building on the National Registry, this landmark property requires exterior modifications to be approved by the Lowell Historic Preservation Board, ensuring its charm remains protected for generations to come. This is your chance to write the next chapter of this extraordinary property's story. Seize this once-in-a-lifetime opportunity to own a piece of Lowell's past--while shaping its future. Being sold As-Is.

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427 E Commercial Avenue Facts & Features

  • Type Single Family
  • Sq. ft. 2,756
  • Price/Sq.ft. $91
  • Lot 0.24 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Tri-Creek
  • High School: Lowell Senior High School

Building Information

  • New Construction: false
  • Year Built: 1865

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Clarks Add
  • Township: Cedar Creek

Community/Development

  • Community Features: Curbs

Tax Information

  • Tax Annual Amount: 2898
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Other,Conventional
  • Parcel Number: 451923452026000008
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: false

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Above Grade Finished Area: 2756

General Information

  • Appliances: Gas Range
  • Electric: 200+ Amp Service
  • Fireplace Features: Living Room,Wood Burning
  • Fireplace: true
  • Fireplaces Total: 3
  • Heating: Baseboard,Hot Water
  • Interior Features: Cathedral Ceiling(s),Walk-In Closet(s),Wet Bar,Kitchen Island,High Ceilings,Crown Molding,Ceiling Fan(s)
  • Laundry Features: Gas Dryer Hookup,Washer Hookup
  • Levels: Two
  • Living Area: 2756
  • Living Area Source: Assessor
  • Rooms Total: 9
  • Security Features: Fire Alarm
  • Window Features: Bay Window(s)

Exterior

Parking Information

  • Parking Features: Additional Parking,Paved,On Street

Lot Information

  • Additional Parcels: false
  • Frontage Length: 84 feet
  • Lot Features: Back Yard,Landscaped,Front Yard,Corner Lot
  • Lot Size Acres: 0.237
  • Lot Size Dimensions: 84x128
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 10324
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • View: Neighborhood,Park/Greenbelt
  • Waterfront: false

Building Exterior/Construction

  • Architectural Style: Traditional,Other,Victorian
  • Patio And Porch Features: Front Porch,Rear Porch
  • Property Attached: false
  • Structure Type: Flex,Retail,Office

General Information

  • Exterior Features: Balcony,Private Yard
  • Fencing: Back Yard,Fenced
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Cable Available,Water Connected,Sewer Connected,Natural Gas Connected,Electricity Connected

Room Information

Room: Bedroom 2

  • Area: 169
  • Dimensions: 13.0 x 13.0
  • Length: 13
  • Width: 13

Room: Bedroom 3

  • Area: 96
  • Dimensions: 8.0 x 12.0
  • Length: 8
  • Width: 12

Room: Bonus Room

  • Area: 416
  • Dimensions: 16.0 x 26.0
  • Length: 16
  • Width: 26

Room: Dining Room

  • Area: 360
  • Dimensions: 15.0 x 24.0
  • Length: 15
  • Width: 24
  • Description: woodburning fireplace

Room: Kitchen

  • Area: 374
  • Dimensions: 17.0 x 22.0
  • Length: 17
  • Width: 22

Room: Library

  • Area: 240
  • Dimensions: 15.0 x 16.0
  • Length: 15
  • Width: 16
  • Description: gas fireplace

Room: Living Room

  • Area: 255
  • Dimensions: 17.0 x 15.0
  • Length: 17
  • Width: 15
  • Description: gas fireplace

Room: Other

  • Area: 96
  • Dimensions: 8.0 x 12.0
  • Length: 8
  • Width: 12
  • Description: Shower room (shower & large closet)

Room: Primary Bedroom

  • Area: 195
  • Dimensions: 13.0 x 15.0
  • Length: 13
  • Width: 15

Room: Bonus Room

  • Level: Main
  • Area: 416
  • Dimensions: 16.0 x 26.0
  • Length: 16
  • Width: 26

Room: Dining Room

  • Level: Main
  • Area: 360
  • Dimensions: 15.0 x 24.0
  • Length: 15
  • Width: 24
  • Description: woodburning fireplace

Room: Kitchen

  • Level: Main
  • Area: 374
  • Dimensions: 17.0 x 22.0
  • Length: 17
  • Width: 22

Room: Library

  • Level: Main
  • Area: 240
  • Dimensions: 15.0 x 16.0
  • Length: 15
  • Width: 16
  • Description: gas fireplace

Room: Living Room

  • Level: Main
  • Area: 255
  • Dimensions: 17.0 x 15.0
  • Length: 17
  • Width: 15
  • Description: gas fireplace

Room: Bedroom 2

  • Level: Upper
  • Area: 169
  • Dimensions: 13.0 x 13.0
  • Length: 13
  • Width: 13

Room: Bedroom 3

  • Level: Upper
  • Area: 96
  • Dimensions: 8.0 x 12.0
  • Length: 8
  • Width: 12

Room: Other

  • Level: Upper
  • Area: 96
  • Dimensions: 8.0 x 12.0
  • Length: 8
  • Width: 12
  • Description: Shower room (shower & large closet)

Room: Primary Bedroom

  • Level: Upper
  • Area: 195
  • Dimensions: 13.0 x 15.0
  • Length: 13
  • Width: 15

427 E Commercial Avenue Neighborhood

Community

46356 (Lowell) Demographics

38
Median Age
151
Population Density (per sq. mile)
34%
College Educated
$76,194
Estimated Median Income
5,639
Estimated Total Home Owners
787
Estimated Total Renters
88% / 12%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

427 E Commercial Avenue Monthly Cost

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$ %
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$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

427 E Commercial Avenue Market Data

Based on the last 30 days in this zip code

$436,449
Average List Price
$205
Average Price per Square Foot
39
Properties Sold
79
Average Days on Market
172
Properties for Sale
Calculations provided by Reliance Network

427 E Commercial Avenue History

Date Event Value Agent
2/28/2026Source: Northwest Indiana MLS Status Change
Active
2/28/2026Source: Northwest Indiana MLS Status Change
Active
2/5/2026Source: Northwest Indiana MLS Status Change
Pending
2/2/2026Source: Northwest Indiana MLS Status Change
Pending
1/12/2026Source: Northwest Indiana MLS Status Change
Active - Limited Purchase (Drop Dead)
1/12/2026Source: Northwest Indiana MLS Status Change
Active - Limited Purchase (Drop Dead)
11/5/2025Source: Northwest Indiana MLS Price Reduction
$249,900 -16.4%
11/5/2025Source: Northwest Indiana MLS Price Reduction
$249,900 -16.4%
8/26/2025Source: Northwest Indiana MLS Price Reduction
$299,000 -12.1%
8/26/2025Source: Northwest Indiana MLS Price Reduction
$299,000 -12.1%
4/29/2025Source: Northwest Indiana MLS Price Reduction
$340,000 -2.9%
4/29/2025Source: Northwest Indiana MLS Price Reduction
$340,000 -2.9%
2/10/2025Source: Northwest Indiana MLS Added to Database
February 10, 2025
2/10/2025Source: Northwest Indiana MLS Added to Database
February 10, 2025