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    904 Old Ridge Rd Hobart, IN 46342

    For Lease
    $17 SF/Yr ($10,615 /Mo)

    Prime Hobart location, 620 sq ft office suite.

    Lot size:
    7,279 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This single-story, 7,279 square foot Class B office building, constructed in 1964, is situated on a 0.47-acre lot at the corner of W Old Ridge Road and N California Street in Hobart, Indiana. The property features a total of 25 parking spaces and is zoned OS-1. Currently, one suite of 620 square feet is available for lease, representing a portion of the building's total 3 suites. The minimum leasable space is 620 square feet, which is also the maximum contiguous space currently available. The building does not have elevators. Its convenient location offers excellent visibility, with pylon signage on W Old Ridge Road and proximity to Strack & Van Til grocery store. The property's address is 904 W Old Ridge Rd, Hobart, IN 46342. The building's location within the Chicagoland Metropolitan Area, approximately 31 miles southeast of Chicago, provides easy access to a large workforce and consumer base. The property's APN is 45-09-30-332-024.000-018.

    Property Features for 904 Old Ridge Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,279 SF
    Class
    B
    Total Rate
    10615.21

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 3
    Size
    620 SF
    Rate per SF
    $17

    HighLights

    • 1,140‑3,000 SF of office space available for lease, with the potential to combine units for a total of 4,140 SF.
    • Corner location at W Old Ridge Road and N California St.
    • High visibility across from Strack & Van Til.
    • Pylon signage available on W Old Ridge Rd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vinzant Inc Software Company Trinity Solutions Security System Supplier Bridges To Learning Christian School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.270785911279
    Latitude
    41.53977892115

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Hobart location, 620 sq ft office suite.
    Where is this office property / space located?
    The property is located at 904 Old Ridge Rd Hobart, IN.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 1,140-3,000 SF of office space available for lease, with the potential to combine units for a total of 4,140 SF.; Corner location at W Old Ridge Road and N California St.; High visibility across from Strack & Van Til.
    Request Owner's contact information
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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
    904 Old Ridge Rd Hobart, IN 46342
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