5570 E. 61st Avenue

5570 E 61st Ave, Hobart, Indiana 46342

  • Property Subtypes Office , Other
  • Sale Price $275,000.00 Total
  • Class of Space N/A
  • Total Land Size 1.82 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 10/7/2019
  • Status expired

Overview / Comments

This is a redevelopment opportunity for medical/office/retail use. It is currently a single-family home containing 2,227 SF plus a detached garage. The home was built in 1954 with an addition in 1961 and remodeled in 1976. The Ranch style home has 3 bedrooms, 2 baths, basement and crawl space. The site is 1.82 acres adjacent to the new roundabout with 132.05’ frontage on 61st Avenue and 598.53’ frontage on Wisconsin Street. The site is presently zoned R-1 residential however the City of Hobart Planning Department contemplates this area as future OS-1 Office. This would be a great location for a medical or professional office building. The city has been upgraded the area with newly installed underground telephone, cable, gas, water, sanitary sewers, three phase electric transformer, LED street lighting, new curbs, sidewalks and two driveway cuts. This roundabout project completes the larger overall improvement project to widen 61st Avenue to 4 lanes between I-65 and S.R. 51 Grand Boulevard. 2017 pay 2018 taxes $2,322.42. The site is immediately west of the St. Mary's Hospital medical campus, 2 1/2 miles east of I-65 and 2 ½ miles north of U.S. Highway 30. Near to the east are assisted living centers, DaVita Dialysis, CVS, A&W, KFC, People’s Bank, Barrington Ridge subdivision, Barrington Ridge shopping center. To the west are the I-65 highway interchange, Northwind Crossings Industrial Park, McDonald’s, Taco Bell, Arby’s, Wendy’s, Cracker Barrel, Menard’s and Mike Anderson Chevrolet. Downtown Hobart restaurants, shops and Lake George is 5 minutes north. 10 minutes south is the 6 million square foot retail trade area along U.S. 30 anchored by Southlake Mall.

Additional Details

  • Tax ID/APN 45-13-06-326-010.000-018
  • Property Visibility Excellent

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