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Property profile & analytics
OFF-MARKET
Mixed-use properties

3600 Lake Park Ave Hobart, IN 46342

24.12 ac lot Built 1992
Property ID
Property summary
AI-generated overview

This exceptional 24.12-acre mixed-use property in Hobart, Indiana, presents a unique investment opportunity. The centerpiece is a fully operational private airport featuring a 3,125-foot runway and multiple large hangars, totaling over 14,500 square feet of hangar space. One hangar boasts 88x60 dimensions, 14-foot ceilings, insulated walls and ceilings, a concrete floor, and a 50'W x 13'6"H electric hangar door. Additional hangar space includes a 50'W x 11'H bi-fold aviation door. Beyond aviation, the property offers significant income potential. Existing infrastructure includes numerous cold storage units for RVs, boats, and campers, along with 35 indoor and 10 outdoor U-Lock storage units. Expansive paved and landscaped areas provide further opportunities for outdoor storage. Office and conference room space is available, along with a 1,680 sq ft, three-bedroom, 2.5-bathroom manufactured home suitable for residential use or as headquarters. The property benefits from L-1 and B-2/3 zoning, allowing for diverse business ventures. Its strategic location near major interstate corridors (I-65, 80, 90, 94) and proximity to Gary/Chicago International Airport, Midway, and O'Hare provides excellent accessibility. The property is currently tax-exempt.

Property profile
Verified
Property type Mixed-use properties
Year built 1992
Lot 24.12 ac (1,050,667 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
Current use
Occupant on record · Public records
  • Flying Sky Ranch Storage, Inc. Storage Facility
  • AUTO GLASS FITTERS Auto Repair Shop (Bike/Boat/Book/etc) Store
  • Hobart Sky Ranch Airport-3HO Airport
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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