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20508 Wicker, Lowell, IN, 46356

2beds
2baths
--sqft
$249,000
--price/sqft
$1,750/moest. monthly cost
$70,000/yrincome needed

About This Home

Investors & Entrepreneurs here is an opportunity for you. This 3+ acre parcel sits right on Route 41 and includes a 1,092 square foot commercial building set up to be a cozy restaurant with plenty of room for semi-truck parking. BONUS: There is a fixer-upper single family home on this property that has already has some updates done.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

7/10
7/10
Lowell Middle SchoolGrades 6-82.6 mi
9/10
Lowell Senior High SchoolGrades 9-125.0 mi

Construction

Condition

  • Year built: 1945

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Range Hood

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Other
  • Finished area above ground: 2,130

Heating

  • Heating features: Propane

Property

Details

  • Parcel number: 452308226009000037

Features

  • Levels: One
  • Exterior features: Other

Lot

  • Lot size: 3.29 Acres
  • Features: Back Yard,Wooded,Other

Parking

  • Parking features: Additional Parking,Off Street,Gravel

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Heat Wave
Lightning
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,259$15,108
Home Insurance *$115$1,380
Property Taxes $192$2,304
Electricity $184$2,212
Total$1,750$21,000
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$60,000/yr
40% on housing$52,500/yr
45% on housing$46,666/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46356$165
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46356$181
Lake County$150

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-20Price change$249,000
2025-11-05Listed for sale$255,000
2025-10-14Listing removed$255,000
2025-09-03Contingent$255,000
2025-08-27Price change$255,000
2025-05-21Price change$265,000
2025-03-13Listed for sale$295,000
2018-07-21Sold$180,000

For Sale by Agent

AgentJoseph Moke
BrokerageWeichert, Realtors-Moke Agency

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