4728 W 61st Avenue Hobart, IN $ 640,000
4728 W 61st Avenue
$ 640,000
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4728 W 61st Avenue

Hobart, IN, 46342
$ 640,000
Bedrooms-- Baths-- Sq 3,358

Monthly Estimate*

$ 4,041

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Commercial Property for sale in Hobart, IN

for $640,000. This 3,358 square foot building was built in 1953 on a lot size of 4.905.

+/-5 ACRES COMMERCIAL ZONED B-3 HIGHWAY COMMERCIAL HIGHLY VISIBLE SITE -Near I-65 Ideal for developers, investors seeking a well-located NWI site with Interstate Accessibility- Possible location for a QSR Drive thru Restaurant/Bank/Auto Services/Offices/Warehouse-Storage/Retail/Medical and more. The City has explicitly branded 61st Ave the "gateway to our medical district," backing it with roundabouts and road improvements, while Southlake Mall (~6M visitors/yr) is pivoting to an entertainment redevelopment. The combination of acreage and existing 4800sq.ft shop space may even be especially attractive to contractors, construction-related businesses, equipment operators, service companies and businesses requiring shop and storage capabilities. PROPERTY HIGHLIGHTS Approximately 165' frontage on W 61st Avenue Convenient access to I-65 and I-80/94 Approximately 3,300 SF former commercial builder's office building also located on the property Former office is currently not habitable and requires substantial rehabilitation Opportunity to renovate, repurpose or potentially remove the former office as part of future improvements. This property offers something increasingly difficult to find commercial acreage near major interstate access. Potential uses should be independently verified with the City of Hobart and are subject to applicable zoning, permitting and governmental approvals. note Ingress/Egress easements on right portion of property as per lake county recorder for billboard and cell tower.

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Commercial Active

Price

$ 640,000

Property Type

Commercial

Taxes

$ 20,981

Style

Retail

Lot Size

4.905

Year Built

1953

Town/City

Hobart

County/Region

Lake

MLS | Web ID

844076

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Electricity Connected Water Available Sewer Connected
Appliances None
Year Built 1953
Electric Circuit Breakers
View City
Township Hobart
Property Subtype Retail
Tax Year 2024
County Lake
Property Type Commercial Sale
Building Features Business District Location Strip Mall Location Commercial Park Location Office Park Location
Status Active
Directions I65 to 61st Ave E to property on N side of st.
High School Hobart High School
City Hobart
High School District Hobart
Zoning Description Commercial
Lot Size Square Feet 213662
Listing Terms Cash Conventional
Tax Annual Amount 20981
Middle/Junior High School Hobart Middle School
Standard Status Active
Legal Description E1/2 W1/2 W1/2 SW1/4 SW1/4 S.2 T.35 R.8 EX. N.25FT OF S.40FT 4.905 AC
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Exterior
Exterior Amenities Storage
Parking Features Oversized Garage Faces Front Additional Parking
Lot Features Back Yard Near Public Transit Front Yard Few Trees
Water Source Public
Total Parking 15
Lot Size Acres 4.905
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Nancy Frigo

Listing Agent

Coldwell Banker Realty

Broker

nancyfrigo@gmail.com

Email

Affordability Calculator

$5,789
Per Month
70%
30%
0%
Monthly Principal & Interest
$4,041
Monthly Property Taxes
$1,748
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4001596 Elementary School
4032173 Middle School
Hobart High School High School
Pricing History
DatePricePrice ChangeDescription
8/20/2026$640,000 Listed Price

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4728 W 61st Avenue, Hobart, IN, 46342 is a Commercial Property for sale at $640,000 with 3,358 sqft and a lot size of 4.905. 4728 W 61st Avenue was built in 1953. The property's zip code is 46342 which is in Hobart, IN