Hobart, IN Restaurants for Sale

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Updated: Apr 3

Arby's Restaurant in Hobart, Indiana

4651 W 61st Ave, Hobart, IN 46342

$2,373,000

2,440 sqft

Absolute net Arby's in Hobart, Indiana
Located just outside Chicago
5.50%

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Updated: Apr 12

Turn-Key Restaurant Bistro

54 Main St, Hobart, IN 46342

Contact for pricing

Fully furnished Victorian waterfront bistro
Scenic outdoor dining with river‑front views
Includes upstairs living space
Downtown Hobart area within walking distance

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Former Restaurant with High Visibility

3700 Montgomery St, Hobart, IN 46342

Contact for pricing

4,753 sqft

Former restaurant with large parking lot and available liquor license.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 38 Potential Opportunities for your consideration. Besides 3 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.

Pub with Bonus Owner Apartment

2808 Dekalb Street, Lake Station, IN 46405

$200,000

3,894 sqft 0.22 AC lot

Turn-key pub with liquor, gaming, and tobacco licenses, plus a bonus 1-bedroom owner apartment and off-street parking.

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Bar and Tavern with Patio

4489 Broadway, Gary, IN 46409

$205,000

1,270 sqft 0.13 AC lot

Turn-key tavern built in 1930 on a 0.13-acre lot with a patio, seating for about 50, and 20 onsite parking spaces.

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Brick Salon and Retail Units

4481 Broadway, Gary, IN 46408

Contact for pricing

Two brick commercial units, including a move-in-ready upper salon with private suites and shampoo stations.

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Mixed-Use Retail and Apartment Building

4400 Liverpool Road, Lake Station, IN 46405

Contact for pricing

Mixed-use building previously used as a retail store and pizza restaurant, with an attached 3-bedroom apartment.

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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.

Merrillville Land on US 30

5103 E Lincoln, Merrillville, IN 46410

$749,900

5.15 AC lot

5+ acres on US 30 ready for development.

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Merrillville Commercial Lot For Sale

0-Lot 12 Grant Street, Merrillville, IN 46410

$79,900

1.50 AC lot

Prime 1.5-acre commercial lot in growing area.

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Commercial Lot in Water Tower Park

0-Lot 11 Grant Street, Merrillville, IN 46410

$89,900

1.50 AC lot

Prime commercial land in a growing area near US 30.

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Commercial Land Lot on Major Road

6520 W Lincoln Highway, Schererville, IN 46375

$350,000

2.29 AC lot

Build-ready commercial lot with 250+ feet of frontage on Route 30 and surveyed site for a straightforward development start.

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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

Value Estimation by Request

2,175 sqft 0.49 AC lot

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RESTAURANT

8150 Rdg Rd, Hobart, IN 46342-2504

Value Estimation by Request

1.26 AC lot

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RESTAURANT

4651 61st Ave, Hobart, IN 46342-6467

Value Estimation by Request

2,740 sqft 1.12 AC lot

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RESTAURANT

715 Hobart Rd, Hobart, IN 46342-2445

Value Estimation by Request

3,356 sqft 1.42 AC lot

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RESTAURANT

636 700th W, Hobart, IN 46342-9618

Value Estimation by Request

4,864 sqft 2.95 AC lot

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RESTAURANT

528 Main St, Hobart, IN 46342-5248

Value Estimation by Request

0.11 AC lot

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RESTAURANT

522 Main St, Hobart, IN 46342

Value Estimation by Request

3,258 sqft 0.34 AC lot

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RESTAURANT

4500 61st Ave, Hobart, IN 46342-6474

Value Estimation by Request

3,278 sqft 0.92 AC lot

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RESTAURANT

3821 37th Ave, Hobart, IN 46342-1671

Value Estimation by Request

0.11 AC lot

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RESTAURANT

3821 37th Ave, Hobart, IN 46342-1671

Value Estimation by Request

0.11 AC lot

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RESTAURANT

3821 37th Ave, Hobart, IN 46342-1671

Value Estimation by Request

0.02 AC lot

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RESTAURANT

3821 37th Ave, Hobart, IN 46342-1671

Value Estimation by Request

3,432 sqft 0.11 AC lot

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RESTAURANT

7770 Rdg Rd, Hobart, IN 46342-2467

Value Estimation by Request

2,358 sqft 0.82 AC lot

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RESTAURANT

2900 Dekalb St, New Chicago, IN 46342

Value Estimation by Request

0.07 AC lot

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RESTAURANT

7800 Rdg Rd, Hobart, IN 46342-2468

Value Estimation by Request

2,811 sqft 0.92 AC lot

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RESTAURANT

601 Wisconsin St, Hobart, IN 46342-2164

Value Estimation by Request

3,316 sqft 5.30 AC lot

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RESTAURANT

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

Value Estimation by Request

2,160 sqft 0.54 AC lot

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RESTAURANT

7915 Rdg Rd, Hobart, IN 46342-2454

Value Estimation by Request

4,458 sqft 1.13 AC lot

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RESTAURANT

8476 Rdg Rd, Hobart, IN 46342-2556

Value Estimation by Request

2,310 sqft 1.31 AC lot

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RESTAURANT

7 Old Rdg Rd, Hobart, IN 46342-4358

Value Estimation by Request

5,060 sqft 1.15 AC lot

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RESTAURANT

3700 Blvd Montgomery St, Hobart, IN 46342

Value Estimation by Request

0.34 AC lot

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Hobart, IN Restaurants Market Trends and Statistics

Explore 30 restaurants for sale in Hobart, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,193 square feet of properties for sale, with an estimated market value of $2,373,000.

Sale prices for restaurant properties in Hobart, IN average $2,373,000 — 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	$2.4M

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

4651 W 61st Ave, Hobart, IN 46342

54 Main St, Hobart, IN 46342

3700 Montgomery St, Hobart, IN 46342

Opportunities in Nearby Cities

2808 Dekalb Street, Lake Station, IN 46405

4489 Broadway, Gary, IN 46409

4481 Broadway, Gary, IN 46408

4400 Liverpool Road, Lake Station, IN 46405

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

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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