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$299,000

Est. payment - /mo

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3 Beds

2 Baths

2,756 SqFt

Price Dropped by $41K

427 E Commercial AVE Lowell, IN 46356

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Gus Morquecho

mba@re-consultinggroup.com +1(219) 308-2266

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,756 sqft

Price per Sqft $108

Subdivision Clarks Add

MLS Listing ID 815966

Style Other,Victorian,Traditional

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1865

Annual Tax Amount $2,898

Tax Year 2024

Lot Size 10,323 Sqft

Acres 0.237

Lot Dimensions 84x128

Property Sub-Type Single Family Residence

Property Description

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.

Location

State IN

County Lake

Zoning Mixed Use

Interior

Interior Features Cathedral Ceiling(s), Walk-In Closet(s), Wet Bar, High Ceilings, Kitchen Island, Crown Molding, Ceiling Fan(s)

Heating Baseboard, Hot Water

Fireplaces Number 3

Fireplace Y

Appliance Gas Range

Exterior

Exterior Feature Balcony, Private Yard

View Y/N true

View true

Building

Lot Description Back Yard, Landscaped, Front Yard, Corner Lot

Story Two

Schools

School District Tri-Creek

Others

Tax ID 451923452026000008

SqFt Source Assessor

Acceptable Financing NRA20250210175202069124000000

Listing Terms NRA20250210175202069124000000

Listed by Northwest Indiana Real Estate

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Gus Morquecho

Broker Associate | License ID: RB140551680

+1(219) 308-2266