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    Property profile & analytics

    1055 37th Ave Hobart, IN 46342-2011

    • Retail space
    • 28,473 SF
    • 2.66 lot acres
    OFF-MARKET
    Value Estimation
    $625,000
    Location Intelligence
    Property ID
    US31-0496776
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1055 37th Ave

    Year built
    1982
    Construction
    WOOD
    Lot size
    2.66 lot acres
    Property size
    28,473 SF
    Property type
    Retail space
    APN
    45-09-30-126-005.000-018
    APU
    450930126005000018

    Description

    This Hobart, Indiana warehouse offers 17,500 square feet of vacant space in a 28,473 square foot building situated on a 2.66-acre lot. Built in 1982 and renovated in 2023, the Class C property features seven dock-high doors and a robust 480V, 3-phase electrical system. The existing tenant occupies a portion of the building, creating a multi-tenant environment. A significant portion of the space includes a 13,395 square foot open floor plan, ideal for retail display or similar uses, complemented by a 4,000 square foot storage area with two dock doors. The property benefits from excellent visibility and high traffic counts, estimated at 18,000 vehicles daily, and enjoys convenient access to major highways including I-65 and I-90/94, serving the Northwest Indiana region. Located in Lake County, this property presents a unique opportunity to establish a presence in a growing area of Hobart, Indiana, a city with a population exceeding 29,000. The property's strategic location and versatile layout make it suitable for a variety of industrial and retail uses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $680,000
      6.5%
      $710,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $605,000
      Geo Method
      $690,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $565,000
      Retail
      $640,000
      Mixed-Use
      $695,000
      Hospitality
      $730,000
      Educational
      $715,000
      Residential Income
      $585,000
      Energy
      $680,000
      Income-Based Land
      $730,000
      Food Service
      $675,000

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.273
    Latitude
    41.5501
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $23,519
    $167,000
    $526,200
    $693,200
    -
    $167,000
    $526,200
    $693,200

    Comparable in this City

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      0.08 Acres

      1329 37th Ave

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      15,056 SF

      1605 37th Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,056 SF
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      732 Old Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,992 SF
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      9,976 SF

      1421 37th Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,976 SF
      1421 37th Ave, Hobart, IN 46342-2015
      View Details
    • Value Estimation
      $290,000
      3,360 SF

      3559 Michigan St

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
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    Hobart, IN 46342-2011
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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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