Current Use by Public Records
- Neighborhood centers
Property Details for 1403-1501 Lake Park Ave
- Year built
- 2002
- Property type
- Neighborhood centers
- Property subtype
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hobart
- County
- Lake
- State
- Indiana
- Longitude
- -87.2584
- Latitude
- 41.5141
