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Shopping Center with Pylon Signage
For Lease
$12 SF/Yr

1403-1501 Lake Park Avenue, Hobart, IN 46342

Established center offering retail and office space with prominent signage along Lake Park Avenue.

Space Size857 SF - 6,300 SF
Property Size76,307 SF
Days on Market152

Property Features for 1403-1501 Lake Park Avenue

General Information

Standard status Active
Size 857 SF - 6,300 SF
Property subtype Retail
Lease Term NNN

Site & Location

Pylon Signage Yes
Traffic Count 15,000 vehicles/day

Building Details

Building Size 76,307 SF
Year Built 2002
Tenancy Multi

Spaces For Lease

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1453 S Lake Park Avenue $15/SF/Yr

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Listing Agency: Latitude Commercial
Listed By: Brett McDermott, CCIM · License #IN #RB14050416
Source: Latitudeco
Added: Apr 1 Changed: Aug 29 Last Checked: Aug 29 at 6:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Latitude Commercial

Investment Insights

Based on property information with market context.

The Pavilions of Hobart is a shopping center built in 2002 with a tenant mix spanning retail and office users. Multiple pylon signs serve the property, and available signage faces Lake Park Avenue, also identified as State Road 51.

The center sits directly across from St. Mary's Medical Center, which has more than 2,000 employees. Traffic on Lake Park Avenue is reported at approximately 15,000 vehicles per day. Interstate 65 access is a few miles to the west, providing a route toward Chicago.

Key Highlights

  • Shopping center constructed in 2002
  • Multiple pylon signs with signage available along Lake Park Avenue
  • Approximately 15,000 VPD on Lake Park Avenue (State Road 51)

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Dental Office Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15,000 VPD
Traffic count
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

605
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 100%
Schoop's Hamburgers Dining
5,711 visits/mo 0.1 miles
SUBWAY Dining
3,154 visits/mo 0.1 miles

Demographics for 46342, IN

32,540
Population
13,774
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
35.0 sq mi
ZIP Area
930
Density / Sq Mi
$72,163
Median Household Income
$41,574
Median Earnings
$1,110
Median Rent
$193,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Shopping center - Established center offering retail and office space with prominent signage along Lake Park Avenue.
Where is this shopping center located?
The property is located at 1403-1501 Lake Park Avenue Hobart, IN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Shopping center constructed in 2002; Multiple pylon signs with signage available along Lake Park Avenue; Approximately 15,000 VPD on Lake Park Avenue (State Road 51)
More about this property
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