3700 Montgomery St Hobart, IN 46342
For Sale
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.