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3,358 sqft

$640,000

4728 W 61st Avenue, Hobart IN, 46342

Price per sqft$190.59
Built in1953
Property size3,358 sqft
Property typeCommercial

Overview

Active

Listed Aug 20, 2026

Updated 2 weeks ago

+/-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.

Additional information

MLS® ID
844076

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
4.91 Acres

Other Property Details

Taxes
$20,981
Tax Frequency
Annually
Garage
Yes
View
Yes

Courtesy of Coldwell Banker Realty, Nancy Frigo,
Listing Contact: (219) 746-4334 

Listings courtesy of Northwest Indiana REALTOR Association as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 5:54 AM UTC on 9/16/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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