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    3700 Montgomery St Hobart, IN 46342

    For Sale
    $599,900

    Prime Hobart location, high traffic, liquor license.

    Property size:
    4,753 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,753 square foot retail property, located at 3700 Montgomery Street in Hobart, Indiana, presents a unique investment opportunity. Currently configured as a former restaurant, this space boasts excellent street visibility and benefits from high traffic counts, ensuring significant potential for a variety of businesses. The property sits on a one-acre lot, providing ample parking for patrons and employees. A key advantage is the availability of a liquor license, a valuable asset for any establishment serving alcoholic beverages. The asking price is $599,900, translating to $126.22 per square foot. The property's address is verified as 3700 Montgomery St, Hobart, IN 46342, within Lake County. The property includes two APNs: 45-08-26-204-022.000-018 and 45-08-26-204-006.000-018. This turnkey opportunity is ideal for an experienced restaurateur or entrepreneur seeking a well-situated establishment with significant potential for growth and profitability. The spacious layout and prime location make this property a truly compelling investment. Don't miss this chance to own a thriving business in a high-demand area.

    Property Features for 3700 Montgomery St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,753 SF
    Lot Size
    43,560 SF

    HighLights

    • 4,753 SF retail space at 3700 Montgomery St, Hobart, IN.
    • Excellent street visibility and high traffic counts.
    • One‑acre lot with ample parking.
    • Includes a liquor license.
    • Asking price: $599,900 ($126.22/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Building Supply Gym & Fitness Auto Repair Shop Pharmacy Wholesale Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.302592128688
    Latitude
    41.550993974848

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    FAQs

    What type of property is this?
    Individual retail property - Prime Hobart location, high traffic, liquor license.
    Where is this individual retail property located?
    The property is located at 3700 Montgomery St Hobart, IN.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: 4,753 SF retail space at 3700 Montgomery St, Hobart, IN.; Excellent street visibility and high traffic counts.; One-acre lot with ample parking.
    Request Owner's contact information
    3700 Montgomery St Hobart, IN 46342
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    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
    3700 Montgomery St Hobart, IN 46342
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