Financial
Distress signals
Property profile

3530 Michigan St Hobart, IN 46342

FOR SALE
Office Spaces
Property ID
US31-0546834
1,144 SF 0.14 ac lot Built 1977
Last sale Aug 2019 · $65,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$71k
Assessed land$10k
Assessed improvement$61k
Effective rate4.02%

Value estimate

· Sep 2026
$80k
$72k – $88k
NOI build-up
Gross scheduled income$10k
Vacancy & credit loss−$540
Operating expenses−$3k
NOI · 3.32% cap applied$7k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$64/SF
County average, outlier-cleaned · 100 recorded sales of this use type
Observed band · Q1–Q3$25 – $119
Qualifying comparables3

Cap rate analysis

How does the asset earn?
3.32%
$7k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.9
Dental Office14.7
Law Firm14.6

Location

3530 Michigan St Hobart, IN 46342
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4400 61st, Hobart, IN 46342-6472 $49,000 Mar 2024 1,064 SF
1414 Cleveland, Hobart, IN 46342-3366 $190,000 Oct 2022 672 SF
341 Main, Hobart, IN 46342-4441 $96,900 Apr 2021 1,480 SF
8006 Aetna, Hobart, IN 46342 $870,000 Mar 2021 5,170 SF
8792 Rdg, Hobart, IN 46342-2586 $415,000 Aug 2020 5,620 SF
150 3rd, Hobart, IN 46342-4356 $29,000 Jun 2019 2,630 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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