For Sale
$999,990

3600 Lake Park Ave Hobart, IN 46342

24-Acre Airport, Mixed-Use Potential

Overview

Added:
Feb 3
Days on market:
84
This exceptional 24.12-acre mixed-use property in Hobart, Indiana, presents a unique investment opportunity. The centerpiece is a fully operational private airport featuring a 3,125-foot runway and multiple large hangars, totaling over 14,500 square feet of hangar space. One hangar boasts 88x60 dimensions, 14-foot ceilings, insulated walls and ceilings, a concrete floor, and a 50'W x 13'6"H electric hangar door. Additional hangar space includes a 50'W x 11'H bi-fold aviation door. Beyond aviation, the property offers significant income potential. Existing infrastructure includes numerous cold storage units for RVs, boats, and campers, along with 35 indoor and 10 outdoor U-Lock storage units. Expansive paved and landscaped areas provide further opportunities for outdoor storage. Office and conference room space is available, along with a 1,680 sq ft, three-bedroom, 2.5-bathroom manufactured home suitable for residential use or as headquarters. The property benefits from L-1 and B-2/3 zoning, allowing for diverse business ventures. Its strategic location near major interstate corridors (I-65, 80, 90, 94) and proximity to Gary/Chicago International Airport, Midway, and O'Hare provides excellent accessibility. The property is currently tax-exempt.

Property Details for 3600 Lake Park Ave

Property type
Mixed-use properties
Year Built
1992
Lot Size (sq. ft)
1,050,667 SF

Location Insight

City
Hobart
County
Lake
State
Indiana
Latitude
41.55294
Longitude
-87.26249

FAQs

What type of property is this?
Mixed-use property - 24-Acre Airport, Mixed-Use Potential
Where is the mixed-use property located?
The property is located at 3600 Lake Park Ave Hobart, IN.
What is the asking price?
The asking price for this property is $999,990.
How can I contact the broker?
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3600 Lake Park Ave
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