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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

$875,000

Est. payment - /mo

10,332 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,332 sqft

Price per Sqft $84

Subdivision Hobart

MLS Listing ID 840080

Year Built 1922

Annual Tax Amount $19,752

Tax Year 2025

Lot Size 9,844 Sqft

Property Sub-Type Mixed Use

Property 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.

Location

State IN

County Lake

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Flooring Vinyl

Fireplace No

Exterior

Parking Features On Street

Utilities Available Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

Roof Type Other

Building

Story 3

Structure Type Other

Others

Acceptable Financing Cash, Other, Conventional

Listing Terms Cash, Other, Conventional

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Listed by Ellsbury Group

NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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220 Main Street Hobart, IN 46342

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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220 Main Street