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Retail Space Under Renovation! $10/SF/Yr

Floor

1

Size

1,100 SF

Type

RETAIL

Availability

AVAILABLE

This end unit is 1,100 SF and is currently being completely renovated: new paint,... new ceiling and LED lights, new flooring, new HVAC, new bathroom, new entry door. The front wall of the unit facing the street are large, storefront windows. Parking is in the rear of the unit. The property is 1/2 mile East of Downtown Hobart. Located on the west side of Illinois Street (S.R. 51). Across the street from T's Pizza and Family Restaurant and Citgo. Hobart is home to many thriving businesses in its downtown shopping district, including the historic Art Theatre.

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Listing Agency: Commercial In-Sites, LLC

Listed By: David A Lasser Show Phone

Source: Moodyscre

Added: Jul 20 Changed: Sep 11 Last Checked: Sep 16 at 8:45PM

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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 Commercial In-Sites, LLC

Investment Insights

Based on property information with market context.

This 1,100-square-foot end unit is undergoing a complete renovation with new paint, ceiling, LED lighting, flooring, HVAC, bathroom, and entry door. Large storefront windows span the street-facing front wall, while parking is located at the rear of the unit.

The property is 1/2 mile east of Downtown Hobart on the west side of Illinois Street (S.R. 51). It is across the street from T's Pizza and Family Restaurant and Citgo, with Hobart's downtown shopping district and historic Art Theatre also identified in the surrounding context.

Key Highlights

• 1,100 SF end unit undergoing complete renovation
• New paint, ceiling, LED lights, flooring, HVAC, bathroom, and entry door
• Large storefront windows along the street‑facing front wall

Property Analytics

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Current Use

Olde Thyme Magick (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Hair Salon Spa & Massage Center Nail Salon

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

NNN (Triple Net)

Lease Type

$1.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

452

Businesses Nearby

20k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 82% Home Improvements & Furnishings 18%

Chase Bank Shops & Services

7,661 visits/mo 0.4 miles

Citgo Shops & Services

3,737 visits/mo 0.4 miles

Hobart Ace Hardware Home Improvements & Furnishings

3,610 visits/mo 0.5 miles

Dollar General Shops & Services

2,827 visits/mo 0.3 miles

Citgo Shops & Services

1,672 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

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Street-facing storefront windows, rear parking, and updated building systems support a visible commercial setting.

Where is this storefront property located?

The property is located at 152 S Illinois St Hobart, IN.

What is the lease rate?

The lease rate is $10 SF/Yr.

What are key features of this property?

This property features: 1,100 SF end unit undergoing complete renovation; New paint, ceiling, LED lights, flooring, HVAC, bathroom, and entry door; Large storefront windows along the street‑facing front wall