230 Main Street Hobart, IN $ 2,000,000
230 Main Street
$ 2,000,000
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230 Main Street

Hobart, IN, 46342
$ 2,000,000
Bedrooms-- Baths-- Sq 10,000

Monthly Estimate*

$ 12,314

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Commercial Property for sale in Hobart, IN

for $2,000,000. This 10,000 square foot building was built in 1934 on a lot size of 0.202.

Income-producing entertainment venue in the heart of downtown Hobart's Main Street corridor. The Art Theatre operates as a fully programmed live event and performance space with multiple revenue streams including ticketed concerts, bar sales, private event rentals, and venue partnerships. The property features an open auditorium with stage, professional sound and lighting infrastructure, and capacity for approximately 400 guests, allowing for high-volume event turnover and strong per-event revenue potential. Established brand with regional draw and consistent programming provides a foundation for continued growth, with upside through expanded booking schedules, premium events, sponsorships, and enhanced food and beverage operations. Positioned within a walkable, revitalizing downtown with strong local support and increasing destination traffic. Turnkey opportunity for investor or operator seeking a scalable experiential asset in a supply-constrained entertainment category.

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Commercial Active

Price

$ 2,000,000

Property Type

Commercial

Taxes

$ 10,169

Style

Business

Lot Size

0.202

Year Built

1934

Town/City

Hobart

County/Region

Lake

MLS | Web ID

835785

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Cable Available Water Connected Water Available Underground Utilities Sewer Connected Sewer Available Natural Gas Connected Electricity Connected Electricity Available Cable Connected
Appliances Dishwasher Water Heater Stainless Steel Appliance(s) Range Hood Other Gas Water Heater Gas Range Freezer
Year Built 1934
Electric 100 Amp Service 200+ Amp Service
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Township Hobart
Property Subtype Business
Tax Year 2024
Waterfront Features Lake Front
County Lake
Property Type Commercial Sale
Subdivision Name Art Theatre Sub
Building Features Private Restrooms Mixed Use Business District Location
Status Active
Directions Located in downtown Hobart on Main Street between 2nd St and 3rd St. Property sits on the south side of Main St. From I-65 take Exit 253 (61st Ave) east to Main St then head north into downtown Hobar
City Hobart
Lot Size Square Feet 8799
Listing Terms Cash Conventional
Tax Annual Amount 10169
Standard Status Active
Legal Description ART THEATRE SUB. LOT 1
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Exterior
Water Source Public
Total Parking 0
Lot Size Acres 0.202
Lot Size Source Assessor
Waterfront Y/N Y
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* Excluded Features
List By
David Spillane

Listing Agent

Berkshire Hathaway Homeservice

Broker

dspillane@bhhschicago.com

Email

Affordability Calculator

$13,162
Per Month
94%
6%
0%
Monthly Principal & Interest
$12,314
Monthly Property Taxes
$847
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2026$2,000,000 Listed Price

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230 Main Street, Hobart, IN, 46342 is a Commercial Property for sale at $2,000,000 with 10,000 sqft and a lot size of 0.202. 230 Main Street was built in 1934. The property's zip code is 46342 which is in Hobart, IN