Hobart, IN Restaurants for Sale

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Updated: Aug 11

Breakfast Diner with Kitchen Equipment

3530 Michigan St, Hobart, IN 46342

$199,900

1,144 sqft

1,144 SF all‑brick commercial building
Two dining rooms and two bathrooms
Commercial range with hood and fire suppression system included
Refrigerator, freezer, oven, coffee maker, ice maker, and microwave included
Three‑compartment commercial sink and stainless steel storage equipment

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Based on your search, we've compiled 36 Potential Opportunities for your consideration. Besides 1 Active listings in Hobart, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 27 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Corner Shopping Center with Restaurant Space

2101 Carolina St, Gary, IN 46407

$350,000

7,125 sqft

Multi-tenant corner center includes occupied grocery space and a restaurant area with commercial kitchen equipment.

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Bar with Owner Apartment

2808 Dekalb St, Lake Station, IN 46405

$200,000

3,894 sqft

Includes liquor, gaming, and tobacco licenses with kitchen equipment, furnishings, and a separate one-bedroom apartment.

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Remodeled Restaurant with Liquor License

3634 Central Ave, Lake Station, IN 46405

$350,000

3,250 sqft

Fully equipped operation includes furnishings and pergola-covered outdoor seating.

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Harley-Davidson-Themed Tavern

4489 Broadway, Gary, IN 46409

$205,000

1,270 sqft 0.13 AC lot

Operating tavern with bar seating, patio space, a small kitchen, and public utilities.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Highway Frontage

5103 E Lincoln, Merrillville, IN 46410

$749,900

5.15 AC lot

Planned B3 zoning permits office, retail, recreation, and automotive-oriented uses with utilities already serving the site.

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C2 Commercial Land

0-Lot 12 Grant Street, Merrillville, IN 46410

$79,900

1.50 AC lot

C2-zoned commercial land with public water, public sewer, and cable availability for site utility connections.

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C2 Commercial Land

0-Lot 11 Grant Street, Merrillville, IN 46410

$89,900

1.50 AC lot

C2-zoned parcel with public water and sewer service and utility tie-in availability.

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Commercial Land with Highway Frontage

6520 W Lincoln Highway, Schererville, IN 46375

$350,000

2.29 AC lot

Commercially zoned site with water availability, public sewer, and a completed survey.

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Off-Market Properties in Hobart, IN

Consider similar Off-Market properties in Hobart, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RESTAURANT

3003 37th Ave, Hobart, IN 46342-1729

Estimated value:

$275,000

2,175 sqft 0.49 AC lot

View details

RESTAURANT

8150 Rdg Rd, Hobart, IN 46342-2504

Estimated value:

$330,000

1.26 AC lot

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RESTAURANT

4651 61st Ave, Hobart, IN 46342-6467

Estimated value:

$165,000

2,740 sqft 1.12 AC lot

View details

RESTAURANT

715 Hobart Rd, Hobart, IN 46342-2445

Estimated value:

$295,000

3,356 sqft 1.42 AC lot

View details

RESTAURANT

636 700th W, Hobart, IN 46342-9618

Estimated value:

$270,000

4,864 sqft 2.95 AC lot

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RESTAURANT

528 Main St, Hobart, IN 46342-5248

Estimated value:

$245,000

0.11 AC lot

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RESTAURANT

522 Main St, Hobart, IN 46342

Estimated value:

$320,000

3,258 sqft 0.34 AC lot

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RESTAURANT

4500 61st Ave, Hobart, IN 46342-6474

Estimated value:

$90,000

3,278 sqft 0.92 AC lot

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RESTAURANT

3821 37th Ave, Hobart, IN 46342-1671

Estimated value:

$250,000

0.11 AC lot

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RESTAURANT

3821 37th Ave, Hobart, IN 46342-1671

Estimated value:

$250,000

0.11 AC lot

View details

RESTAURANT

3821 37th Ave, Hobart, IN 46342-1671

Estimated value:

$255,000

0.02 AC lot

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RESTAURANT

3821 37th Ave, Hobart, IN 46342-1671

Estimated value:

$250,000

3,432 sqft 0.11 AC lot

View details

RESTAURANT

7770 Rdg Rd, Hobart, IN 46342-2467

Estimated value:

$290,000

2,358 sqft 0.82 AC lot

View details

RESTAURANT

2900 Dekalb St, New Chicago, IN 46342

Estimated value:

$260,000

0.07 AC lot

View details

RESTAURANT

7800 Rdg Rd, Hobart, IN 46342-2468

Estimated value:

$305,000

2,811 sqft 0.92 AC lot

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RESTAURANT

601 Wisconsin St, Hobart, IN 46342-2164

Estimated value:

$275,000

3,316 sqft 5.30 AC lot

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RESTAURANT

328 37th Ave, New Chicago, IN 46342-2007

Estimated value:

$340,000

2,160 sqft 0.54 AC lot

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RESTAURANT

7915 Rdg Rd, Hobart, IN 46342-2454

Estimated value:

$460,000

4,458 sqft 1.13 AC lot

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RESTAURANT

8476 Rdg Rd, Hobart, IN 46342-2556

Estimated value:

$345,000

2,310 sqft 1.31 AC lot

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RESTAURANT

7 Old Rdg Rd, Hobart, IN 46342-4358

Estimated value:

$330,000

5,060 sqft 1.15 AC lot

View details

RESTAURANT

3700 Blvd Montgomery St, Hobart, IN 46342

Estimated value:

$255,000

0.34 AC lot

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RESTAURANT

2425-75 Lukes Ct, Hobart, IN 46342

Estimated value:

$350,000

5,267 sqft 1.14 AC lot

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RESTAURANT

2425-75 Lukes Ct, Hobart, IN 46342

Estimated value:

$655,000

6,666 sqft 8.64 AC lot

View details

Hobart, IN Restaurants Market Trends and Statistics

Explore 28 restaurants for sale in Hobart, IN on our real estate platform. These investment opportunities span a total of 1,144 square feet of properties for sale, with an estimated market value of $199,900.

Sale prices for restaurant properties in Hobart, IN average $199,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 33K

Population Growth (5Y) +6.2%

Median Household Income $72,163

College Educated 27.1%

High-Yield Neighborhoods for Investment

Identify Hobart submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46342	$1.3M

Taxes & Financing

Tax Rate (average for all types) 3.17%

Property Tax per SF $56.09 per SF

Tax Rate vs County Average 0.10 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Lake County

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Hobart, IN Restaurants for Sale

3530 Michigan St, Hobart, IN 46342

Opportunities in Nearby Cities

2101 Carolina St, Gary, IN 46407

2808 Dekalb St, Lake Station, IN 46405

3634 Central Ave, Lake Station, IN 46405

4489 Broadway, Gary, IN 46409

Potential Development Sites for Consideration

5103 E Lincoln, Merrillville, IN 46410

0-Lot 12 Grant Street, Merrillville, IN 46410

0-Lot 11 Grant Street, Merrillville, IN 46410

6520 W Lincoln Highway, Schererville, IN 46375

Off-Market Properties in Hobart, IN

3003 37th Ave, Hobart, IN 46342-1729

8150 Rdg Rd, Hobart, IN 46342-2504

4651 61st Ave, Hobart, IN 46342-6467

715 Hobart Rd, Hobart, IN 46342-2445

636 700th W, Hobart, IN 46342-9618

528 Main St, Hobart, IN 46342-5248

522 Main St, Hobart, IN 46342

4500 61st Ave, Hobart, IN 46342-6474

3821 37th Ave, Hobart, IN 46342-1671

3821 37th Ave, Hobart, IN 46342-1671

3821 37th Ave, Hobart, IN 46342-1671

3821 37th Ave, Hobart, IN 46342-1671

7770 Rdg Rd, Hobart, IN 46342-2467

2900 Dekalb St, New Chicago, IN 46342

7800 Rdg Rd, Hobart, IN 46342-2468

601 Wisconsin St, Hobart, IN 46342-2164

328 37th Ave, New Chicago, IN 46342-2007

7915 Rdg Rd, Hobart, IN 46342-2454

8476 Rdg Rd, Hobart, IN 46342-2556

7 Old Rdg Rd, Hobart, IN 46342-4358

3700 Blvd Montgomery St, Hobart, IN 46342

2425-75 Lukes Ct, Hobart, IN 46342

2425-75 Lukes Ct, Hobart, IN 46342

Hobart, IN Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Office

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