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    7553 Ridge Rd Hobart, IN 46342

    For Sale
    $249,900

    Affordable Office Building, 3000+ sq ft, 0.44 acre lot

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional Hobart, Indiana office building presents a remarkable investment opportunity. Located at 7553 E Ridge Road, this property boasts a substantial 3000+ square feet of space, offering significant potential for a variety of businesses. The building is situated on a generous 0.44-acre lot, providing ample parking for employees and clients. A convenient walk-out access in the rear enhances functionality and accessibility. While a significant portion of the building has been underutilized in recent years, this presents a unique chance to revitalize and customize the space to meet specific business needs. The prime location in the heart of Hobart offers excellent visibility and accessibility, making it an ideal spot for a thriving enterprise. The asking price of $249,900 makes this a truly affordable entry point into commercial real estate ownership. The substantial square footage and generous lot size offer unlimited potential for expansion and development. This is a rare opportunity to acquire a well-positioned property with significant upside potential in a desirable location. Don't miss out on this chance to transform this underutilized building into a thriving business hub. Serious inquiries only.

    Property Features for 7553 Ridge Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1966
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Artisan Quality Construction Construction Company Discount Family Insurance Auto Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.24574
    Latitude
    41.55033

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    FAQs

    What type of property is this?
    Office Property / Space - Affordable Office Building, 3000+ sq ft, 0.44 acre lot
    Where is this office property / space located?
    The property is located at 7553 Ridge Rd Hobart, IN.
    What is the asking price?
    The asking price for this property is $249,900.
    Request Owner's contact information
    7553 Ridge Rd Hobart, IN 46342
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    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
    7553 Ridge Rd Hobart, IN 46342
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