41.516792 -87.25851

1265 S Lake Park Avenue Hobart, IN 46342

252606084 41.516792 -87.25851 2236 /listing/252606084-150237139/1265-s-lake-park-avenue-hobart-in-46342 False 0 440000.0 6052 101 464324 False
  • $440,000
  • 6,052 sqft
  • 34,100 lot
  • Est payment $2362.02/mo

Property & Neighborhood Info

Courtesy Of Juan Villarreal, Villar-Real Estate Advisors, LLC

Commercial in Hobart

Free Standing Medical Building for Sale or Lease! This is a potential Sale Lease-back with 50% occupancy and proposed 2 yr lease. Value ad proposition with 17%CAP RATE potential. Current use for physical therapy. Layout has 1 Waiting Area; Reception Desk; 2 Filing Rooms; 2 Therapy Areas; 1 Exercise Room; 1 Breakroom; 1 Nurse's Station; 8 Exam Rooms; 6 Offices; 3 Washrooms and 1 Shower Room. Income opportunity offering value-add proposition with Sale-leaseback potential. Come see this corner, free-standing building with 29 parking spaces, 6,000 square feet, modern and well maintained medical office building. Building may be split in half (3,000 sf) & share reception/lobby patient intake area. Owner may take lease for half space for 2-3yrs depending on offer amount.

Courtesy Of Juan Villarreal, Villar-Real Estate Advisors, LLC
  1. 6,052 Sq. Ft.
  2. 34,100 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1977
  • County: Lake County
  • Taxes: $6,019.00
  • Subdivision: Second South Side Add/Hobart
  • MLS Number:464324

Additional Features

  • Ceiling Type:
    • Acoustical
    • Other
  • Cooling:
    • Central Air
  • Flooring:
    • Carpet
    • Tile
  • Misc. Interior Features:
    • ADA Compliant
    • Exercise Room
    • Lunch Room
    • Meeting Room
    • Multi Tenant
    • Private Restrooms
    • Public Restrooms
    • Shower/Locker Room
  • Construction:
    • Brick
    • Other
  • Current Use:
    • Medical/Dental
    • Office
  • Roof Structure:
    • Flat
  • Roofing:
    • Membrane
    • Tile
  • Foundation:
    • Concrete Perimeter
  • Exterior Finish:
    • Brick
  • Misc. Exterior Features:
    • ADA Compliant
    • Fire Escape
    • Security System
  • Frontage:
    • City Street
    • Frontage Road
    • Public Road
    • Stop Sign Intersect
  • Parking:
    • Assigned Spaces
    • Paved Parking
  • Electric:
    • 101 - 200 Amps
    • 240 Volts
    • NIPSCO
  • Heating:
    • Forced Air
  • Phone/Internet:
    • Cable Internet
    • DSL
    • Phone System
  • Utilities:
    • Electricity on Site
    • Gas on Site
    • San. Sewer on Site
    • Storm Sewer Avail.
    • Water Municipal
    • Water on Site
  • Fire Protection:
    • Alarm on Site
    • Fire Extinguishers
    • Smoke/Fire Protect
  • Amenities:
    • Exterior Lighting
    • Landing Strip
    • Other
  • Potential Use:
    • Church
    • Convenience Store
    • Legal/Non Conf
    • Medical Office
    • Mixed Use
    • Office
    • Retail
  • Tentant Pays:
    • RE Tax
    • Scavenger
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
A. L. Olson Real Estate
A. L. Olson Real Estate
(574) 772-3051
1512 South Heaton Street Knox IN 46534
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