1701 61St Ave Hobart, IN 46342

Property Details for 1701 61St Ave

Lot size

0.50 lot acres

Property type

Commercial real estate

APN

45-12-11-126-003.000-046;45-12-11-103-002.000-046;45-12-10-277-002.000-030

Description

This exceptional 30.8-acre commercial land offering in Hobart, Indiana presents a unique investment opportunity. The property, located at 1701 E 61st Ave, is divided into two separately sellable lots, both of which are divisible to accommodate various development needs. Lot A is priced at $90,000 per acre for the entire site, while Lot B is priced at $195,000 per acre. Pricing is subject to change if parcels are divided. The property boasts approximately 1,640 feet of frontage on 61st Avenue and offers excellent visibility from Interstate 65. Zoned B-3, the land is suitable for a wide range of commercial developments, including retail, office, medical, hospitality, multi-family, and potentially industrial uses (primarily on the southern portion of the larger parcel). The location within the higher-income demographic areas of Hobart and Merrillville provides strong market potential. Nearby amenities include Costco, Southlake Mall, Walmart, Sam's Club, St. Mary's Medical Center, and Merrillville High School. Its proximity to Interstates 65 (less than 0.5 miles) and 94 (7 miles south) ensures excellent accessibility. The property is conveniently located 50 minutes southeast of Chicago and approximately 80 minutes west of South Bend, Indiana, surrounded by established businesses and residential neighborhoods. APN numbers are 45-12-11-126-003.000-046; 45-12-11-103-002.000-046; and 45-12-10-277-002.000-030. The total acreage ranges from 0.5 to 30.8 acres.