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    530 3Rd St Hobart, IN 46342

    For Sale
    $399,900

    Large retail space, prime location, updated.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional retail property, situated at 530 E 3rd Street in Hobart, Indiana, presents a remarkable investment opportunity. Located in the heart of Downtown Hobart's business district at the intersection of Center and 3rd Street, this expansive space boasts just over 10,000 square feet spread across a main and lower level. The B-2 zoning allows for a wide variety of business uses, making it highly versatile. The property features ample parking both in front and behind the building, ensuring convenient access for customers and employees. Significant updates have been completed, reflecting a commitment to quality and maintenance. These improvements include roof repairs, HVAC system upgrades, new drop ceilings, carpeting, fresh paint, updated trim, ceiling fans, and modern LED lighting. The property is in turnkey condition, ready for immediate occupancy. Three prominent storefront display windows provide excellent visibility, while the unique limestone exterior and a beloved custom-painted mural add to its distinctive character. The 0.13-acre lot provides a solid foundation for a thriving business. This is one of the largest retail units in Downtown Hobart, offering a rare chance to establish a presence in a vibrant and growing community.

    Property Features for 530 3Rd St

    General Information

    Property type
    Retail properties
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Off-Road Rim Financing Car Finance And Loan Company

    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
    -87.25419
    Latitude
    41.53254

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    FAQs

    What type of property is this?
    Retail property - Large retail space, prime location, updated.
    Where is this retail property located?
    The property is located at 530 3Rd St Hobart, IN.
    What is the asking price?
    The asking price for this property is $399,900.
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    530 3Rd St 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
    530 3Rd St Hobart, IN 46342
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