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Property profile & analytics
OFF-MARKET
Neighborhood centers

1403-1501 Lake Park Ave Hobart, IN 46342

76,307 SF Built 2002
Property ID
Property summary
AI-generated overview

The Pavilions of Hobart, located at 1403-1501 Lake Park Ave, Hobart, IN 46342, presents a compelling retail investment opportunity. This 76,307 square foot strip center, built in 2002, sits on a 16.11-acre lot and boasts a prime location on State Road 51, directly across from St. Mary's Medical Center, employing over 2,000 individuals. The center's strategic placement offers exceptional visibility and accessibility, with traffic counts nearing 15,000 vehicles per day. Currently, there are nine suites, with 16,668 square feet of vacant space available, offering flexible options ranging from a minimum of 1,086 square feet to a maximum contiguous space of 2,880 square feet. The property features multiple pylon signs, enhancing its visibility and attracting potential customers. Its diverse tenant mix, encompassing retail and office users, creates a vibrant and thriving commercial environment. The Pavilions of Hobart offers easy access to I-65, providing convenient access to Chicago. This property represents a significant opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area of Lake County, Indiana.

Property profile
Verified
Property type Neighborhood centers
Year built 2002
Total area 76,307 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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