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Property profile & analytics
FOR SALE
Retail space

3700 Montgomery St Hobart, IN 46342

4,753 SF 0.66 ac lot Built 1956
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US31-3555980
3700 Montgomery St, Hobart, IN 46342 For Sale
$499,999 4,753 SF
3700 Montgomery St, Hobart, IN 46342
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Property summary
AI-generated overview

This exceptional 4,753 square foot retail property, located at 3700 Montgomery Street in Hobart, Indiana, presents a unique investment opportunity. Currently configured as a former restaurant, this space boasts excellent street visibility and benefits from high traffic counts, ensuring significant potential for a variety of businesses. The property sits on a one-acre lot, providing ample parking for patrons and employees. A key advantage is the availability of a liquor license, a valuable asset for any establishment serving alcoholic beverages. The asking price is $599,900, translating to $126.22 per square foot. The property's address is verified as 3700 Montgomery St, Hobart, IN 46342, within Lake County. The property includes two APNs: 45-08-26-204-022.000-018 and 45-08-26-204-006.000-018. This turnkey opportunity is ideal for an experienced restaurateur or entrepreneur seeking a well-situated establishment with significant potential for growth and profitability. The spacious layout and prime location make this property a truly compelling investment. Don't miss this chance to own a thriving business in a high-demand area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Construction WOOD
Total area 4,753 SF
Lot 0.66 ac (28,706 SF)
APN 45-08-26-204-006.000-018
UPID US31-3555980
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
G & G Investments LLC · 19 yrs held
G & G Investments LLC
since 2007
2 recorded transactions
2009
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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