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    Property profile & analytics

    3700 Montgomery St Hobart, IN 46342

    • Retail space
    • 4,753 SF
    • 0.66 lot acres
    For Sale
    View listing
    $599,900
    Value Estimation
    Location Intelligence
    Property ID
    US31-3555980
    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 3700 Montgomery St

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    4,753 SF
    Property type
    Retail space
    APN
    45-08-26-204-006.000-018
    APU
    450826204006000018

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $315,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $260,000
      Mixed-Use
      $310,000
      Hospitality
      $265,000
      Educational
      $335,000
      Residential Income
      $280,000
      Energy
      $300,000
      Income-Based Land
      $315,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.3029
    Latitude
    41.5507
    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
    $8,742
    $143,500
    $115,400
    $258,900
    -
    $143,500
    $115,400
    $258,900

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

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      View Details
    • Value Estimation by Request
      0.08 Acres

      1329 37th Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
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    • Value Estimation by Request
      15,056 SF

      1605 37th Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,056 SF
      1605 37th Ave, Hobart, IN 46342-2581
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    • Value Estimation by Request
      14,992 SF

      732 Old Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,992 SF
      732 Old Rdg Rd, Hobart, IN 46342
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    • Value Estimation by Request
      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
      3559 Michigan St, New Chicago, IN 46342-2060
      View Details

    Similar Nearby for Sale

    • $599,900
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      Hobart Restaurant & Bar for Sale

      Prime Hobart location, high traffic, liquor license.
      3700 Montgomery St, Hobart, IN 46342
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    • $299,000
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      Three prime retail outlots near St. Mary's Medical Center.
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      Downtown Hobart Retail Gem

      Large retail space, prime location, updated.
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      Retail Property in Hobart, Indiana

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    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
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    • $12 SF/Yr
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      Retail Space in Hobart Center

      Retail space available in The Pavilions of Hobart.
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      1,200 SF

      Retail Space in Hobart, IN

      Retail spaces available in a shopping center with ample parking.
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    • $12 SF/Yr
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      Former Walgreens Retail Space Available

      15,068 SF retail space on 1.53 acres for lease.
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    • $14 SF/Yr
      2,880 SF

      Retail Space in Hobart Center

      Retail space for lease in Pavilions of Hobart.
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    • Contact for pricing
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      Retail Space in Hobart, IN

      Retail space for lease with high visibility and ample parking.
      295 S Wisconsin St, Hobart, IN 46342
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    3700 Montgomery St
    Hobart, IN 46342
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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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