4728 W 61st Avenue, Hobart, IN 46342

New Listing
$640,000
Property Type: Commercial Sale Square Footage: 3,358 Lot Size (sq. ft.): 213,662 Status: Active
Current Price: $640,000 List Date: 8/20/2026 Last Modified: 8/20/2026

Overview

Description

±5 ACRES COMMERCIAL ZONED B-3 HIGHWAY COMMERCIAL HIGHLY VISIBLE SITE -Rare opportunity for an owner-user seeking substantial commercial land together with an existing usable shop/storage building near I-65 Ideal for developers, investors seeking a well-located NWI site with Interstate Accessibility- Possible QSR Drive thru Restaurant/Bank/Auto Services/Offices/Warehouse-Storage/Retail/Medical and more. Includes a 40' × 120' (4,800 SF) pole barn/shop in good, usable condition. The combination of acreage and existing shop space may be especially attractive to contractors, construction-related businesses, equipment operators, service companies and businesses requiring shop and storage capabilities. PROPERTY HIGHLIGHTS • Approximately 165' frontage on W 61st Avenue • Convenient access to I-65 and I-80/94 • Approximately 3,300 SF former commercial builder's office building also located on the property • Former office is currently not habitable and requires substantial rehabilit ...

Listing Details MLS# 844076

General Property Information

Number Of Units Total
2
Living Area
3358
Building Area Source
Assessor
Year Built
1953
Year Built Details
1953
Parking Total
15
Lot Size Acres
4.905
Lot Size Square Feet
213662
Lot Size Source
Assessor
Waterfront YN
No
Basement YN
Yes
Stories
Yes

Property Features

Appliances: None Basement: Unfinished Building Features: Business District Location; Commercial Park Location; Office Park Location; Strip Mall Location Business Type: Auto Service; Hotel/Motel; Medical; Professional/Office; Restaurant; Retail; Warehouse Construction Materials: Brick Cooling: None Current Use: Commercial; Development; Mini-Storage; Office Electric: Circuit Breakers Exterior Features: Storage Flooring: Vinyl Heating: Forced Air Listing Terms: Cash; Conventional Lot Features: Back Yard; Few Trees; Front Yard; Near Public Transit Owner Pays: All Utilities; Taxes Parking Features: Additional Parking; Garage Faces Front; Oversized Possession: Close Of Escrow Possible Use: Automotive; Commercial; Development; Highway/Tourist Service; Investment; Medical/Dental; Mini-Storage; Nursery; Office; Retail; Warehouse Rail Availability: None Roof: Asphalt Sewer: Public Sewer Special Licenses: None Special Listing Conditions: None Tenant Pays: None Utilities: Electricity Connected; Sewer Connected; Water Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
640000
Property Sub Type
Retail
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Location Tax and Legal

Street Number
4728
Street Direction Prefix
W
Street Name
61st
Street Suffix
Avenue
County
Lake
State
IN
Postal Code
46342

Remarks and Miscellaneous

Public Remarks
±5 ACRES COMMERCIAL ZONED B-3 HIGHWAY COMMERCIAL HIGHLY VISIBLE SITE -Rare opportunity for an owner-user seeking substantial commercial land together with an existing usable shop/storage building near I-65 Ideal for developers, investors seeking a well-located NWI site with Interstate Accessibility- Possible QSR Drive thru Restaurant/Bank/Auto Services/Offices/Warehouse-Storage/Retail/Medical and more. Includes a 40' × 120' (4,800 SF) pole barn/shop in good, usable condition. The combination of acreage and existing shop space may be especially attractive to contractors, construction-related businesses, equipment operators, service companies and businesses requiring shop and storage capabilities. PROPERTY HIGHLIGHTS • Approximately 165' frontage on W 61st Avenue • Convenient access to I-65 and I-80/94 • Approximately 3,300 SF former commercial builder's office building also located on the property • Former office is currently not habitable and requires substantial rehabilitation • Opportunity to renovate, repurpose or potentially remove the former office as part of future improvements • Combination of land -existing shop provides flexibility for an owner-user This property offers something increasingly difficult to find commercial acreage near major interstate access. Potential uses should be independently verified with the City of Hobart and are subject to applicable zoning, permitting and governmental approvals.

Status Change Information

Major Change Timestamp
2026-08-20T18:58:04Z
Major Change Type
New Listing
Status Change Timestamp
2026-08-20

More Information

Building Features

Building Dimensions
41x24
Office SqFt
3358
Business District Location
Yes
Commercial Park Location
Yes
Office Park Location
Yes
Strip Mall Location
Yes

Exemption Information

Exemption YN
No

Showing Requirements

Showing Instructions
Must contact list agent for all access and questions nancy frigo 219 746 4334

Location, Tax, and Legal

School District
Hobart
Middle Or Junior School
Hobart Middle School
High School
Hobart High School
Tax Annual Amount
20981
Tax Year
2024
Tax Legal Description
E1/2 W1/2 W1/2 SW1/4 SW1/4 S.2 T.35 R.8 EX. N.25FT OF S.40FT 4.905 AC
Parcel Number
451202352002000018
Additional Parcels YN
No
Zoning Description
Commercial
Township
Hobart
Directions
I65 to 61st Ave E to property on N side of st.
Cross Street
61st & I65
Census Tract
422

Appliances

None
Yes

Basement

Unfinished
Yes

Construction Materials

Brick
Yes

Cooling

None
Yes

Electric

Circuit Breakers
Yes

Exterior Features

Storage
Yes

Flooring

Vinyl
Yes

Heating

Forced Air
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Back Yard
Yes
Few Trees
Yes
Front Yard
Yes
Near Public Transit
Yes

Parking Features

Additional Parking
Yes
Garage Faces Front
Yes
Oversized
Yes

Possession

Close Of Escrow
Yes

Roof

Asphalt
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

None
Yes

Utilities

Electricity Connected
Yes
Sewer Connected
Yes
Water Available
Yes

View

City
Yes

Water Source

Public
Yes

Owner Pays

All Utilities
Yes
Taxes
Yes

Tenant Pays

None
Yes

Current Use

Commercial
Yes
Development
Yes
Mini-Storage
Yes
Office
Yes

Possible Use

Automotive
Yes
Commercial
Yes
Development
Yes
Highway/Tourist Service
Yes
Investment
Yes
Medical/Dental
Yes
Mini-Storage
Yes
Nursery
Yes
Office
Yes
Retail
Yes
Warehouse
Yes

Business Type

Auto Service
Yes
Hotel/Motel
Yes
Medical
Yes
Professional/Office
Yes
Restaurant
Yes
Retail
Yes
Warehouse
Yes

Rail Availability

None
Yes

Special Licenses

None
Yes
Listing Office: Coldwell Banker Realty
Last Updated: August - 20 - 2026
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