ok i was able to duplicate the error and a resolution. here's the tiny differences.
I created am XLSX document , with a default sheet name of Sheet1.
i used this command, and got the same ISAM error.
Note my file does not exist in C:\, but in a sub folder. your example implied it was in the root of C:
SELECT * FROM OPENROWSET('Microsoft.Ace.OLEDB.12.0',
'Excel 8.0;DATABASE=c:\Data\Lowells_ListOfServers.xlsx;IMEX=1',
'Select * from [Sheet1$]')
I installed AccessDatabaseEngine_X64.exe with the /passive flag, so i can have both 32bit and 64 bit drivers
D:\SQLInstalls\AccessDatabaseEngine_X64.exe /passive
Then i reset the AllowInProcess and DynamicParamets again just in case:
EXEC master.dbo.sp_MSset_oledb_prop N'Microsoft.ACE.OLEDB.12.0', N'AllowInProcess', 1
GO
EXEC master.dbo.sp_MSset_oledb_prop N'Microsoft.ACE.OLEDB.12.0', N'DynamicParameters', 1
GO
The identical code above then worked successfully.