Downtown Retail Building with
232 Main St Hobart, IN 46342
232 Main St, Hobart, IN, 46342
$99,900
Pending
For Sale
$99,900
Pending
For sale retail property near I-65 with visibility on Main St in Hobart, Indiana.
Property Size736 SF
Days on Market83
Property Features for 232 Main St
General Information
- Standard status
- Pending
- Size
- 736 SF
Listing Agency
Ginter Realty
(219) 973-1842
Listed by
Carrie Adelman · License #RB14038267
(219) 973-1842
Source
Exprealty
Added: Apr 27 Checked: Jul 18 at 3:26 am
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 Ginter Realty
Investment Insights
Based on property information with market context.
This for-sale downtown commercial property at 232 Main St, Hobart, Indiana is positioned for strong street-level exposure. The offering includes a retail building with approximately 736 square feet of space.
Public remarks highlight convenient access “just minutes from I-65,” supporting easy routes for customers and deliveries. The location is presented as being in the heart of the downtown area, with visibility and charm noted for the storefront environment.
The building is being marketed as a bank and retail-oriented commercial opportunity, offering a compact footprint that may suit users looking for a presence on Main St.
Public remarks highlight convenient access “just minutes from I-65,” supporting easy routes for customers and deliveries. The location is presented as being in the heart of the downtown area, with visibility and charm noted for the storefront environment.
The building is being marketed as a bank and retail-oriented commercial opportunity, offering a compact footprint that may suit users looking for a presence on Main St.
Key Highlights
- Retail property for sale near I‑65 in Hobart, Indiana
- Located with visibility on Main St in Hobart
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.6k | $14.40 |
| − Vacancy | −$466 | −$0.63 |
| EGI | $10.1k | $13.77 |
| − OpEx | −$3.0k | −$4.13 |
| NOI | $7.1k | $9.64 |
736 SF · lease $14.40/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$205.5K
$179.8K – $239.7K
NOI $14,382 @ 7.0% cap · market cap 14.40%
Second Best
Retail
$101.3K
$88.7K – $118.2K
NOI $7,092 @ 7.0% cap · market cap 7.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Edward Jones - Financial ...
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - For sale retail property near I-65 with visibility on Main St in Hobart, Indiana.
Where is this bank located?
The property is located at 232 Main St Hobart, IN.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Retail property for sale near I‑65 in Hobart, Indiana; Located with visibility on Main St in Hobart
