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    1075-1085 S Lake Park Ave Hobart, IN 46342

    Under Contract
    For Sale
    $232,000

    Unimproved Land - Hobart, IN

    Type:Unimproved Land
    Lot size:
    4.03 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 1075-1085 S Lake Park Ave

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    451305101001000018
    Exterior features
    Corner Lot
    Lot size
    4.03 Acres

    Building Details

    Architectural style
    Other

    Ennis, Moore & Associates, Inc. (219) 962-7538 [email protected]

    Listing agent Frank Ennis (219) 962-7538 License #RB14022177

    Listing date Nov 5, 2025

    MLS# 810021 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    4-Acre Land Parcel in Hobart

    This 4.03-acre parcel, located at the southeast curve of 10th Street (IN 51) and South Lake Park Avenue (IN 51) in Hobart, Indiana, offers significant potential. The property features 800 feet of frontage and is situated between Joan Martin Elementary School and Sapper's Market, near St. Mary Medical Center. The zoning includes 3.19 acres zoned R-1 and 0.81 acres zoned Ag, presenting opportunities for commercial and/or multi-unit residential development. The property includes an existing 1115 square foot, 3-bedroom, 1-bath ranch with a basement and a 576 square foot garage, though these structures are considered to have little or no value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.258365
    Latitude
    41.520931

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    FAQs

    What type of property is this?
    Land - 4-acre parcel with commercial and residential potential in Hobart, IN.
    Where is this land located?
    The property is located at 1075-1085 S Lake Park Ave Hobart, IN.
    What is the asking price?
    The asking price for this property is $232,000.
    What are key features of this property?
    This property features: - 4 acre parcel with 800' frontage on IN 51; - Commercial and/or multi-unit residential potential; - Located between Joan Martin elementary school and Sapper's Market
    (219) 962-7538
    Request Owner's contact information
    1075-1085 S Lake Park Ave Hobart, IN 46342
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1075-1085 S Lake Park Ave Hobart, IN 46342
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