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    1605 E 37Th Ave Hobart, IN 46342

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    For Lease
    $12 SF/Yr ($15,120 /Mo)

    15,068 SF retail space on 1.53 acres for lease.

    Property size:
    15,120 SF
    Lot size:
    5.14 Acres

    Property Features for 1605 E 37Th Ave

    General Information

    Size
    15,120 SF
    Lot size
    5.14 Acres

    Source: JLL | Indianapolis Agent Tim Murray

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

    Overview

    Former Walgreens Retail Space Available

    The property, formerly a Walgreens, is a 15,068 square-foot retail space situated on a 1.53-acre lot. It is located on the corner of 37th Avenue and N. Hobart Road. The property features pylon signage and excellent visibility, with 76 surface parking spaces available. The lease expiration date is November 30, 2029. The location benefits from high traffic volume, with over 21,277 vehicles passing by daily.
    Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Gary Miller Pharmacy Oluwatoyin Binutu Pharmacy Maria Halkias Pharmacy

    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.

    Similar Places Nearby

    Walgreens Pharmacy, COVID-19 Drive-Thru Testing at Walgreens

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2401044
    Latitude
    41.5500917

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    FAQs

    What type of property is this?
    Drug store - 15,068 SF retail space on 1.53 acres for lease.
    Where is this drug store located?
    The property is located at 1605 E 37Th Ave Hobart, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location with 21,277+ VPD; - Excellent visibility and pylon signage available; - Large building size: 15,068 sf on 1.53 acres
    (317) 471-7081
    Request Owner's contact information
    1605 E 37Th 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
    1605 E 37Th Ave Hobart, IN 46342
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