1701 61St AveHobart, IN 46342

For Sale

30.8 acres, divisible lots, I-65 visibility

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 30.8-acre commercial land offering in Hobart, Indiana presents a unique investment opportunity. The property, located at 1701 E 61st Ave, is divided into two separately sellable lots, both of which are divisible to accommodate various development needs. Lot A is priced at $90,000 per acre for the entire site, while Lot B is priced at $195,000 per acre. Pricing is subject to change if parcels are divided. The property boasts approximately 1,640 feet of frontage on 61st Avenue and offers excellent visibility from Interstate 65. Zoned B-3, the land is suitable for a wide range of commercial developments, including retail, office, medical, hospitality, multi-family, and potentially industrial uses (primarily on the southern portion of the larger parcel). The location within the higher-income demographic areas of Hobart and Merrillville provides strong market potential. Nearby amenities include Costco, Southlake Mall, Walmart, Sam's Club, St. Mary's Medical Center, and Merrillville High School. Its proximity to Interstates 65 (less than 0.5 miles) and 94 (7 miles south) ensures excellent accessibility. The property is conveniently located 50 minutes southeast of Chicago and approximately 80 minutes west of South Bend, Indiana, surrounded by established businesses and residential neighborhoods. APN numbers are 45-12-11-126-003.000-046; 45-12-11-103-002.000-046; and 45-12-10-277-002.000-030. The total acreage ranges from 0.5 to 30.8 acres.

Highlights

  • 30.8 acres of commercially zoned land available in Hobart, IN.
  • Two divisible parcels available, Lot A and Lot B.
  • Lot A priced at $90,000/acre (entire site); price subject to change if divided.
  • Lot B priced at $195,000/acre; divisible parcels.
  • APN: 45-12-11-126-003.000-046; 45-12-11-103-002.000-046; 45-12-10-277-002.000-030.

Property Details for 1701 61St Ave

Property type
Other land, Land
Buildings
1
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Hobart
County
Lake
State
Indiana
Latitude
41.5053957
Longitude
-87.3150873
1701 61St Ave, Hobart, Indiana

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1701 61St Ave
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