USAINHobartHobart220 Main St
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220 Main St, Hobart, IN

House

For Sale

Listed price in listed location currency (USD).
$875,000

006

MLS® 840080

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 10332 sqft
Garage 
Taxes $19,752
Days Active 0
Lot Size 
Approx. Age 1922
Avg. Price Per Sqft $84
MLS® Number 840080

Property Address: 220 Main St, Hobart, IN, 46342

Average square foot calculated using Size range provided by listing agent.

Description

This recently renovated property is located in the heart of Downtown Hobart, 220 Main Street presents a rare opportunity to acquire a well-positioned, 7 unit, mixed-use investment property overlooking Lake George and surrounded by the city's thriving Main Street business district. Comprised of four spacious 2-bedroom residential apartments and three, approximately, 1, 200-square-foot retail storefronts, this seven-unit asset offers investors a diversified income stream in one of Northwest Indiana's most desirable downtown markets. The property's prime location places tenants within walking distance of restaurants, shopping, entertainment, parks, and year-round community events, creating strong demand from both residential and commercial users. The residential units benefit from Hobart's limited supply of quality downtown housing, while the retail spaces enjoy excellent visibility, pedestrian traffic, and exposure along one of the city's most active commercial corridors. Investors will appreciate the combination of stable cash flow, multiple revenue sources, and long-term upside potential. With opportunities to increase rents through strategic lease renewals, tenant turnover, and continued downtown growth, the property offers an attractive value-add component while maintaining the stability typically associated with mixed-use assets. The proximity to major transportation routes, regional employers, and the continued revitalization of Downtown Hobart further supports the property's long-term investment appeal. Whether you're seeking to expand an existing portfolio or acquire a landmark downtown asset, this property represents a compelling opportunity to own a highly visible mixed-use property in a market experiencing continued growth and investment.
MLS® Number840080
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1922
BasementUnfinished
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 4, 2026List Date
$875,000List Price
  • Commute

Commute

Starting Address
Destination Address
220 Main St, Hobart, IN

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