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    1501 S Lake Park Ave Hobart, IN 46342

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    For Lease
    $18 SF/Yr ($5,241 /Mo)

    Second floor office space with signage and ample parking.

    Property size:
    3,400 SF
    Lot size:
    1.37 Acres

    Property Features for 1501 S Lake Park Ave

    General Information

    Size
    3,400 SF
    Lot size
    1.37 Acres

    Source: 1st American Management Agent Lora Kokot

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Space in Peoples Bank

    This is a second-floor office space located in the Peoples Bank building. Signage is available on Lake Park Avenue. The location is directly across from St. Mary's Medical Center. The property features ample on-site parking, elevator access, and a private entrance. The property has a size of 3400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peoples Bank Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2583621
    Latitude
    41.5126459

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    FAQs

    What type of property is this?
    Office space - Second floor office space with signage and ample parking.
    Where is this office space located?
    The property is located at 1501 S Lake Park Ave Hobart, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location directly across from St. Mary's Medical Center.; - Prestigious Peoples Bank building address.; - Signage available on Lake Park Avenue.
    (219) 464-3536
    Request Owner's contact information
    1501 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
    1501 S Lake Park Ave Hobart, IN 46342
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