230 Main Street, Hobart, IN 46342
$2,000,000
Property Type:
Commercial Sale
Square Footage:
10,000
Lot Size (sq. ft.):
8,799
Status:
Active
Current Price:
$2,000,000
List Date:
3/20/2026
Last Modified:
3/20/2026
Overview
Description
Listing Details MLS# 835785
General Property Information
- Number Of Units Total
- 2
- Living Area
- 10000
- Building Area Source
- Estimated
- Year Built
- 1934
- Lot Size Acres
- 0.202
- Lot Size Square Feet
- 8799
- Lot Size Source
- Assessor
- Waterfront YN
- Yes
- Basement YN
- Yes
- Stories
- 2
- Parking Total
- 0
Property Features
Appliances:
Dishwasher; Freezer; Gas Range; Gas Water Heater; Range Hood; Stainless Steel Appliance(s); Water Heater; Other
Basement:
Bath/Stubbed; Partially Finished
Building Features:
Business District Location; Mixed Use; Private Restrooms
Business Type:
Bar/Tavern/Lounge; Mixed; Restaurant; Other
Construction Materials:
Stucco; Other
Cooling:
Ceiling Fan(s); Central Air; Zoned
Current Use:
See Remarks
Electric:
100 Amp Service; 200+ Amp Service
Heating:
Forced Air
Listing Terms:
Cash; Conventional
Lock Box Information:
Call Listing Office
Owner Pays:
All Utilities
Possession:
Close Of Escrow
Possible Use:
Commercial; Investment; Place of Worship; Retail; See Remarks
Rail Availability:
None
Roof:
Asphalt
Sewer:
Public Sewer
Special Licenses:
Beer/Wine; Entertainment; Liquor
Special Listing Conditions:
None
Tenant Pays:
All Utilities
Utilities:
Cable Available; Cable Connected; Electricity Available; Electricity Connected; Natural Gas Connected; Sewer Available; Sewer Connected; Water Available; Water Connected; Underground Utilities
Water Source:
Public
Waterfront Features:
Lake Front
Contract Information
- Auction YN
- No
- Original List Price
- 2000000
- Property Sub Type
- Business
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Owner
Location Tax and Legal
- Street Number
- 230
- Street Name
- Main
- Street Suffix
- Street
- County
- Lake
- State
- IN
- Postal Code
- 46342
- Subdivision Name
- Art Theatre Sub
Remarks and Miscellaneous
- Public Remarks
- Income-producing entertainment venue in the heart of downtown Hobart's Main Street corridor. The Art Theatre operates as a fully programmed live event and performance space with multiple revenue streams including ticketed concerts, bar sales, private event rentals, and venue partnerships. The property features an open auditorium with stage, professional sound and lighting infrastructure, and capacity for approximately 400 guests, allowing for high-volume event turnover and strong per-event revenue potential. Established brand with regional draw and consistent programming provides a foundation for continued growth, with upside through expanded booking schedules, premium events, sponsorships, and enhanced food and beverage operations. Positioned within a walkable, revitalizing downtown with strong local support and increasing destination traffic. Turnkey opportunity for investor or operator seeking a scalable experiential asset in a supply-constrained entertainment category.
Status Change Information
- Major Change Timestamp
- 2026-03-20T18:34:40Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-03-20
More Information
Exemption Information
- Exemption YN
- No
Location, Tax, and Legal
- Tax Annual Amount
- 10169
- Tax Year
- 2024
- Tax Legal Description
- ART THEATRE SUB. LOT 1
- Parcel Number
- 450932152026000018
- Additional Parcels YN
- No
- Township
- Hobart
- Directions
- Located in downtown Hobart on Main Street between 2nd St and 3rd St. Property sits on the south side of Main St. From I-65, take Exit 253 (61st Ave) east to Main St, then head north into downtown Hobart. Street parking available along Main St.
- Census Tract
- 419
Appliances
- Dishwasher
- Yes
- Freezer
- Yes
- Gas Range
- Yes
- Gas Water Heater
- Yes
- Range Hood
- Yes
- Stainless Steel Appliance(s)
- Yes
- Water Heater
- Yes
- Other
- Yes
Basement
- Bath/Stubbed
- Yes
- Partially Finished
- Yes
Construction Materials
- Stucco
- Yes
- Other
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
- Zoned
- Yes
Electric
- 100 Amp Service
- Yes
- 200+ Amp Service
- Yes
Heating
- Forced Air
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lock Box Information
- Call Listing Office
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Asphalt
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- None
- Yes
Utilities
- Cable Available
- Yes
- Cable Connected
- Yes
- Electricity Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Available
- Yes
- Sewer Connected
- Yes
- Water Available
- Yes
- Water Connected
- Yes
- Underground Utilities
- Yes
View
- City
- Yes
Water Source
- Public
- Yes
Waterfront Features
- Lake Front
- Yes
Owner Pays
- All Utilities
- Yes
Tenant Pays
- All Utilities
- Yes
Current Use
- See Remarks
- Yes
Possible Use
- Commercial
- Yes
- Investment
- Yes
- Place of Worship
- Yes
- Retail
- Yes
- See Remarks
- Yes
Building Features
- Business District Location
- Yes
- Mixed Use
- Yes
- Private Restrooms
- Yes
Business Type
- Bar/Tavern/Lounge
- Yes
- Mixed
- Yes
- Restaurant
- Yes
- Other
- Yes
Rail Availability
- None
- Yes
Special Licenses
- Beer/Wine
- Yes
- Entertainment
- Yes
- Liquor
- Yes
Listing Office:
Berkshire Hathaway HomeService
Last Updated: March - 20 - 2026
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