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    Property profile & analytics

    116 37Th Ave Hobart, IN 46342

    • Specialty properties
    • 864 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • First Impressions Hair Salon / Beauty Salon

    Property Details for 116 37Th Ave

    Property size
    864 SF
    Property type
    Specialty properties
    Property subtype
    Office Properties & Spaces

    Description

    This 864-square-foot commercial property, located at 116 37th Ave in Hobart, Indiana (zip code 46342), is a former beauty salon ideally suited for owner-occupants. Priced at $129,000 ($149.31 per square foot), this mixed-use building offers a single unit within a commercially zoned area. The property's location on Route 6 (Ridge Road) ensures high visibility and traffic flow, making it an excellent opportunity for businesses seeking strong signage potential. The building's history as a long-standing beauty salon speaks to its suitability for a variety of office uses. The property is situated in Lake County, Indiana, in a city known for its business-friendly environment. This is a unique chance to acquire a well-located, established commercial space in a thriving area. The property is ready for immediate occupancy and offers significant potential for a new business or an established company seeking to expand. Contact us today to schedule a showing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2759
    Latitude
    41.5513

    Comparable in this City

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      0.63 Acres

      2200 Blk E 43rd Ave

      CHARITABLE ORGANIZATION • 0.63 Acres
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    • Value Estimation by Request
      0.50 Acres

      4400 Blvd Missouri

      CHARITABLE ORGANIZATION • 0.50 Acres
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    116 37Th Ave
    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
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