4728 W 61st Avenue, Hobart, IN 46342 (MLS# 844076)

4728 W 61st Avenue, Hobart, IN 46342

$640,000

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Property Type: Commercial Sale Square Footage: 3,358 Lot Size (sq. ft.): 213,662 Status: Active

Current Price: $640,000 List Date: 9/01/2026 Last Modified: 9/15/2026

Overview

Description

+/-5 ACRES COMMERCIAL ZONED B-3 HIGHWAY COMMERCIAL HIGHLY VISIBLE SITE -Near I-65 Ideal for developers, investors seeking a well-located NWI site with Interstate Accessibility- Possible location for a QSR Drive thru Restaurant/Bank/Auto Services/Offices/Warehouse-Storage/Retail/Medical and more. The City has explicitly branded 61st Ave the "gateway to our medical district," backing it with roundabouts and road improvements, while Southlake Mall (~6M visitors/yr) is pivoting to an entertainment redevelopment. The combination of acreage and existing 4800sq.ft shop space may even 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 req ... (Read more)

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 -Near I-65 Ideal for developers, investors seeking a well-located NWI site with Interstate Accessibility- Possible location for a QSR Drive thru Restaurant/Bank/Auto Services/Offices/Warehouse-Storage/Retail/Medical and more. The City has explicitly branded 61st Ave the "gateway to our medical district," backing it with roundabouts and road improvements, while Southlake Mall (~6M visitors/yr) is pivoting to an entertainment redevelopment. The combination of acreage and existing 4800sq.ft shop space may even 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. 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. note Ingress/Egress easements on right portion of property as per lake county recorder for billboard and cell tower.

Status Change Information

Major Change Timestamp: 2026-09-01T18:14:14Z
Major Change Type: Back on Market
Status Change Timestamp: 2026-09-01
Back on Market Date: 2026-09-01

More Information

Building Features

Building Dimensions: 41x24
Office SqFt: 3358

Exemption Information

Exemption YN: No

Showing Requirements

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

Listing Office: Coldwell Banker Realty

Last Updated: September - 15 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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