220 Main Street, Hobart, IN 46342
- $850,000
- 10,332
- SqFt
- List Price
- $850,000
- Price Change
- ▼ $25,000 1783468231
- Days on Market
- 54
- MLS#
- 840080
- Status
- ACTIVE
- Type
- Commercial
- Living Area
- 10,332
- Neighborhood
- Hobart
Property Description
This recently renovated property is located in the heart of Downtown Hobart, 220 Main Street presents a rare opportunity to acquire a well-positioned, 7 unit, mixed-use investment property overlooking Lake George and surrounded by the city's thriving Main Street business district. Comprised of four spacious 2-bedroom residential apartments and three, approximately, 1,200-square-foot retail storefronts, this seven-unit asset offers investors a diversified income stream in one of Northwest Indiana's most desirable downtown markets. The property's prime location places tenants within walking distance of restaurants, shopping, entertainment, parks, and year-round community events, creating strong demand from both residential and commercial users. The residential units benefit from Hobart's limited supply of quality downtown housing, while the retail spaces enjoy excellent visibility, pedestrian traffic, and exposure along one of the city's most active commercial corridors. Investors will appreciate the combination of stable cash flow, multiple revenue sources, and long-term upside potential. With opportunities to increase rents through strategic lease renewals, tenant turnover, and continued downtown growth, the property offers an attractive value-add component while maintaining the stability typically associated with mixed-use assets. The proximity to major transportation routes, regional employers, and the continued revitalization of Downtown Hobart further supports the property's long-term investment appeal. Whether you're seeking to expand an existing portfolio or acquire a landmark downtown asset, this property represents a compelling opportunity to own a highly visible mixed-use property in a market experiencing continued growth and investment.
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Additional Information
- Taxes
- $19,752
- Acres
- 0.23
- Basement
- Yes
- Heating
- Forced Air
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Andrew Page from Listing Office: Ellsbury Group.
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