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    1265 S Lake Park Ave Hobart, IN 46342

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    For Lease
    $15 SF/Yr ($1,000 /Mo)

    Retail space with high visibility and flexible floor plan.

    Property size:
    800 SF
    Lot size:
    0.79 Acres

    Property Features for 1265 S Lake Park Ave

    General Information

    Size
    800 SF
    Lot size
    0.79 Acres

    Source: Bradley Company | Merrillville Agent Steven (Steve) Nicksic

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

    Overview

    Retail Space on SR 51

    This retail space offers high visibility frontage on SR 51 in Hobart, Indiana. Monument signage is available. The property is located near St. Mary's Hospital, close to 61st and SR 51. The available space is up to 3,526 square feet as an endcap fronting SR 51, but the property size is 800 square feet. The flexible floor plan includes 7 to 9 offices, a reception area, washer/dryer hookups, a kitchenette, and storage. Ample parking is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Integrated Therapy Practice Physical Therapist ATM Atm Pillars of Wellness Inc. ... Mental Health Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2585714
    Latitude
    41.516763

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and flexible floor plan.
    Where is this retail space located?
    The property is located at 1265 S Lake Park Ave Hobart, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High visibility SR 51 Frontage in Hobart, Indiana; - Up to 3,526 SF endcap fronting SR 51; - In the shadow of St. Mary's hospital near 61st and SR 51
    (219) 508-0554
    Request Owner's contact information
    1265 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
    1265 S Lake Park Ave Hobart, IN 46342
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