For Sale
$425,000

904 Old Ridge Rd Hobart, IN 46342

Prime Hobart Office, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
132
This single-story, 7,110 square foot Class B office building in Hobart, Indiana presents a compelling value-add or owner-user opportunity. Located at 904 W Old Ridge Rd, this property boasts excellent visibility directly across from Strack & Van Til, offering significant foot traffic and brand recognition. The building, constructed in 1964, features two tenants currently occupying 36% of the space, with suites ranging from 620 to 2,950 square feet, providing flexibility for various business needs. A recently installed roof ensures long-term maintenance savings. The property sits on a 0.47-acre lot (APN: 45-09-30-332-024.000-018) and benefits from ample parking and prominent pylon signage on W Old Ridge Rd. Its convenient location, just two miles from I-65, provides easy access to major transportation routes. The building is zoned OS-1 and offers a strong potential for increased occupancy and rental income. The asking price is $425,000, translating to $59.77 per square foot. This presents a rare opportunity to acquire a well-maintained commercial property in a thriving location within the Chicagoland Metropolitan Area. The property's location at the corner of W Old Ridge Road and N California St provides exceptional exposure. This is an ideal investment for those seeking a strong return on investment in a high-traffic area.

Highlights

  • Immaculately maintained building.
  • Across the street from Strack & Van Til grocery store.
  • Convenient I-65 access.
  • Prominent pylon signage on W Old Ridge Rd.
  • Extensive parking available.

Property Details for 904 Old Ridge Rd

Property type
Office properties
Square Feet
7,110 SF
Class
B
Year Built
1964
Buildings
1
Stories
1
Lot Size (sq. ft)
20,473 SF

Location Insight

City
Hobart
County
Lake
State
Indiana
Latitude
41.5400026
Longitude
-87.2710547

FAQs

What type of property is this?
Office property - Prime Hobart Office, High Visibility
Where is the office property located?
The property is located at 904 Old Ridge Rd Hobart, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Immaculately maintained building.; Across the street from Strack & Van Til grocery store.; Convenient I-65 access.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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904 Old Ridge Rd
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