Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    151 Illinois St Hobart, IN 46342-4511

    • Grocery and convenience stores
    • 2,640 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US31-0934116
    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

    • Cardtronics ATM / Atm
    • Citgo Save Mart / Gas Station
    • SAVE / Gas Station
    • Citgo / Gas Station

    Property Details for 151 Illinois St

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    2,640 SF
    Property type
    Grocery and convenience stores
    APN
    45-09-32-209-001.000-018
    APU
    450932209001000018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $450,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $380,000
      Mixed-Use
      $405,000
      Hospitality
      $365,000
      Educational
      $370,000
      Residential Income
      $405,000
      Energy
      $435,000
      Income-Based Land
      $430,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2479
    Latitude
    41.5342
    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
    $10,580
    $145,900
    $167,400
    $313,300
    -
    $145,900
    $167,400
    $313,300

    Comparable in this City

    • Value Estimation by Request
      4,180 SF

      101 Hobart Rd

      CONVENIENCE STORE • 4,180 SF
      101 Hobart Rd, Hobart, IN 46342-4652
      View Details
    • Value Estimation by Request
      4,808 SF

      6325 Lincolnway St

      CONVENIENCE STORE • 4,808 SF
      6325 Lincolnway St, Hobart, IN 46342
      View Details
    • Value Estimation by Request
      2,460 SF

      4732 61st Ave

      CONVENIENCE STORE • 2,460 SF
      4732 61st Ave, Hobart, IN 46342-6478
      View Details
    • Value Estimation by Request
      3,477 SF

      4733 61st Ave

      CONVENIENCE STORE • 3,477 SF
      4733 61st Ave, Hobart, IN 46342-6479
      View Details
    • Value Estimation
      $370,000
      1,546 SF

      801 Rdg Rd

      CONVENIENCE STORE • 1,546 SF
      801 Rdg Rd, Hobart, IN 46342
      View Details
    • Value Estimation
      $715,000
      4,070 SF

      9502 Rdg Rd

      CONVENIENCE STORE • 4,070 SF
      9502 Rdg Rd, Hobart, IN 46342-2606
      View Details

    Similar Nearby for Sale

    • $599,900
      4,753 SF

      Hobart Restaurant & Bar for Sale

      Prime Hobart location, high traffic, liquor license.
      3700 Montgomery St, Hobart, IN 46342
      View Details
    • $299,000
      Pending

      Remodeled Retail/Office Space in Hobart

      Newly remodeled commercial property in downtown Hobart near Lake George.
      301 Center St, Hobart, IN 46342
      View Details
    • $2,153,000

      Retail Property for Sale

      Retail property available for purchase in Hobart, Indiana.
      4651 W 61St Ave, Hobart, IN 46342
      View Details
    • Contact for pricing
      16.11 Acres

      Hobart Retail Outlots

      Three prime retail outlots near St. Mary's Medical Center.
      1403 Lake Park Ave, Hobart, IN 46342
      View Details
    • $475,000
      2,648 SF

      Retail Property in Hobart, Indiana

      Retail property with 46,609 sqft space in Hobart, Indiana.
      11 N Hobart Rd, Hobart, IN 46342
      View Details
    • $399,900
      0.13 Acres

      Downtown Hobart Retail Gem

      Large retail space, prime location, updated.
      530 3Rd St, Hobart, IN 46342
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      960 SF

      Downtown Hobart Retail/Office Space

      Corner retail/office space in downtown Hobart with high visibility.
      347 Main St, Hobart, IN 46342
      View Details
    • $12 SF/Yr
      1,500 SF

      Retail Space in Hobart Center

      Retail space available in The Pavilions of Hobart.
      1417-1461 S Lake Park Ave, Hobart, IN 46342
      View Details
    • Contact for pricing
      5,459 SF

      Retail Space in Hobart, IN

      Retail space for lease with high visibility and ample parking.
      295 S Wisconsin St, Hobart, IN 46342
      View Details
    • $10 SF/Yr
      1,086 SF

      Retail Space in Hobart Center

      Retail space for lease in Pavilions of Hobart.
      190-194 Bracken Pkwy, Hobart, IN 46342
      View Details
    • Contact for pricing
      1,367 SF

      Retail Space in Hobart, Indiana

      Retail spaces available with pylon signage and ample parking.
      1721-1737 E 37Th Ave, Hobart, IN 46342
      View Details
    • $14 SF/Yr
      2,880 SF

      Retail Space in Hobart Center

      Retail space for lease in Pavilions of Hobart.
      1403-1413 Lake Park Ave, Hobart, IN 46342
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    151 Illinois St
    Hobart, IN 46342-4511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.