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$249,900
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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 upstairs with a bed and breakfast, upscale restaurant, corporate offices, an enchanting event venue, etc downstairs. This stately two-story residence exudes character at every turn. A seamless blend of Italianate and Victorian architecture, the building 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 offices, 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.
Full Property Details
Full Property Details for 427 E Commercial Ave
General
- Price: $249,900
- Taxes: $2,878 (2024)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 815967
- Updated: 11/5/2025
- Added to Site: 340 day(s) ago
Interior
- Interior Features: Cathedral Ceiling(s), Walk-In Closet(s), Wet Bar, Kitchen Island, High Ceilings, Crown Molding, Ceiling Fan(s)
- Appliances: Gas Range
Exterior
- Exterior Features: Balcony, Private Yard
Parking
- Parking Features: Paved, On Street, Additional Parking
Location
- County: Lake
- Township: Cedar Creek
- Subdivision: Clarks Add
- Driving Directions: Property is located on the North side of E. Commercial Ave. in between N Fremont St and Clark St.
School Information
- High School District: Tri-Creek
Heating & Cooling
- Heating Type: Baseboard, Hot Water
Structural Information
- Square Feet: 2,756
- Year Built: 1865
Lot Features
- Lot Size (Acres): 0.237
- Lot Size (Sq. Ft.): 10,324
- Lot Dimensions: 84 x 128
- Lot Features: Back Yard, Landscaped, Front Yard, Corner Lot
- Zoning: Mixed Use
Financial Considerations
- Tax Amount: $2,878
- Tax Year: 2024
- Terms: Cash, Other, Conventional
Disclosures and Reports
- Legal Description: CLARKS ADD. E. 82 FT. LOT 30 & S.47FT OF E.82FT OF LOT 29 EX. PT. IN R/W
- Property ID: 451923452026000008
Listed by Northwest Indiana Real Estate
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Schools
Schools serving 427 E Commercial Ave
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 | 1.3 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 427 E Commercial Ave
Date
Details
Price
Change
Source
11/05/2025
Price Reduced
$249,900
-16.42%
MLS
8/26/2025
Price Reduced
$299,000
-12.06%
MLS
4/29/2025
Price Reduced
$340,000
-2.86%
MLS
2/10/2025
Listed
$350,000
19344.44%
MLS
4/12/2022
Sold
$1,800
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 427 E Commercial Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,878
-61%
$298,900
7%
2023
$7,406
179%
$279,400
5%
2022
$2,651
-12%
$265,100
13%
2020
$3,021
37%
$234,400
5%
2019
$2,198
—
$224,200
6%
2019
$2,198
-16%
$211,400
2%
2018
$2,605
-50%
$208,200
-1%
2017
$5,194
—
$210,800
5%
2017
$5,194
9%
$201,700
—
2016
$4,781
—
$202,500
-5%
2015
$4,793
1%
$212,300
27%
2013
$4,733
-17%
$166,800
-15%
2012
$5,707
—
$195,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 427 E Commercial Ave
427 E Commercial Avenue, Lowell, IN 46356 (MLS# 815967) is a Commercial property. 427 E Commercial Avenue is currently listed for $249,900 and was received on February 10, 2025. Want to learn more about 427 E Commercial Avenue? Do you have questions about finding other Commercial real estate for sale in Lowell? You can browse all Lowell real estate or contact a Coldwell Banker agent to request more information.

