220 Main ST, Hobart, IN 46342
220 Main ST, Hobart, IN 46342
220 Main ST, Hobart, IN 46342
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$800,000
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10,332 SqFt
Price Dropped by $25K

220 Main ST Hobart, IN 46342

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,332 sqft

Price per Sqft $77

Subdivision Hobart

MLS Listing ID 840080

HOA Y/N No

Year Built 1922

Annual Tax Amount $19,752

Tax Year 2025

Lot Size 9,844 Sqft

Acres 0.226

Property Sub-Type Mixed Use

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.

Location

State IN

County Lake

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace N

Exterior

Parking Features On Street

View Y/N true

View Lake, Other

Building

Sewer Public Sewer

Water Public

Others

Tax ID 450932152019000018

Acceptable Financing NRA20260603141024382548000000

Listing Terms NRA20260603141024382548000000

Listed by Ellsbury Group • Andrew Page

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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220 Main ST