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$450,000
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Property Description
This prime restaurant and retail space in Lowell offers three parcels totaling 0.88 acres with over 4,000 sq ft of fully equipped, turn-key restaurant and bar space!! Located just steps away from an exciting new city park development, which will feature an outdoor amphitheater, community building, splash pad, playground, and more, this property is positioned for high foot traffic and strong community engagement. The space includes a complete commercial kitchen, a full bar + equipment, a spacious dining area with booths, and a valuable 3-way liquor license, all set for immediate operation!!! With taxes under $10k per year and ample parking, this versatile property offers great potential for a variety of uses, whether as a casual dining spot, upscale restaurant, or event venue. Lowell is a thriving community, making this an ideal opportunity for entrepreneurs or investors looking to capitalize on a rapidly developing area!!
Full Property Details
Full Property Details for 241 N Liberty St
General
- Sold For: $450,000
- Taxes: $7,405 (2023)
- Status: Closed
- Type: Retail
- Source: GNIAR
- MLS ID: 814878
- Added to Site: 369 day(s) ago
Exterior
- Exterior Features: None
Parking
- Parking Features: Additional Parking, Parking Lot
Location
- County: Lake
- Township: Cedar Creek
- Driving Directions: From I-65 S and IN-2 W to Washington St in Lowell, Slight right onto Washington St, Right on N Liberty. Establishment is on the left.
Heating & Cooling
- Heating Type: Natural Gas
Structural Information
- Square Feet: 4,650
- Year Built: 1970
Lot Features
- Lot Size (Acres): 0.55
- Lot Size (Sq. Ft.): 23,958
- Lot Dimensions: 198 x 194
Financial Considerations
- Tax Amount: $7,405
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: PT. SW.1/4 SW.1/4 S.23 T.33 R.9 0.55AC
- Property ID: 451923351034000008
Century 21 Circle
Sold by Non-Member MLS Office
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Schools
Schools serving 241 N Liberty St
School District:Tri-Creek School Corporation
| Name | Grades | Distance |
|---|---|---|
Lowell Middle School, Lowell, IN 19250 Cline Avenue, Lowell, IN 46356 | 5-8 | 1.5 mi |
Lowell Senior High School, Lowell, IN 2051 East Commercial Avenue, Lowell, IN 46356 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 241 N Liberty St
Date
Details
Price
Change
Source
8/19/2025
Sold
$450,000
-9.09%
MLS
1/13/2025
Listed
$495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
241 N Liberty Street, Lowell, IN 46356 (MLS# 814878) is a Retail property that was sold at $450,000 on August 19, 2025. Want to learn more about 241 N Liberty Street? Do you have questions about finding other Retail real estate for sale in Lowell? You can browse all Lowell real estate or contact a Coldwell Banker agent to request more information.

