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$640,000 Just Listed
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Property Description
+/-5 ACRES COMMERCIAL ZONED B-3 HIGHWAY COMMERCIAL HIGHLY VISIBLE SITE -Rare opportunity for an owner-user seeking substantial commercial land together with an existing usable shop/storage building near I-65 Ideal for developers, investors seeking a well-located NWI site with Interstate Accessibility- Possible QSR Drive thru Restaurant/Bank/Auto Services/Offices/Warehouse-Storage/Retail/Medical and more. Includes a 40' 120' (4,800 SF) pole barn/shop in good, usable condition. The combination of acreage and existing shop space may be especially attractive to contractors, construction-related businesses, equipment operators, service companies and businesses requiring shop and storage capabilities. PROPERTY HIGHLIGHTS Approximately 165' frontage on W 61st Avenue Convenient access to I-65 and I-80/94 Approximately 3,300 SF former commercial builder's office building also located on the property Former office is currently not habitable and requires substantial rehabilitation Opportunity to renovate, repurpose or potentially remove the former office as part of future improvements Combination of land -existing shop provides flexibility for an owner-user This property offers something increasingly difficult to find commercial acreage near major interstate access. Potential uses should be independently verified with the City of Hobart and are subject to applicable zoning, permitting and governmental approvals.
Full Property Details
Full Property Details for 4728 W 61st Ave
General
- Price: $640,000
- Taxes: $20,981 (2024)
- Status: Active
- Type: Retail
- Source: GNIAR
- MLS ID: 844076
- Updated: 8/20/2026
- Added to Site: Today
Interior
- Appliances: None
Exterior
- Exterior Features: Storage
Parking
- Parking Features: Oversized, Garage Faces Front, Additional Parking
Location
- County: Lake
- Township: Hobart
- Driving Directions: I65 to 61st Ave E to property on N side of st.
School Information
- High School District: Hobart
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 3,358
- Year Built: 1953
Lot Features
- Lot Size (Acres): 4.905
- Lot Size (Sq. Ft.): 213,662
- Lot Features: Back Yard, Near Public Transit, Front Yard, Few Trees
- Zoning: Commercial
Financial Considerations
- Tax Amount: $20,981
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: E1/2 W1/2 W1/2 SW1/4 SW1/4 S.2 T.35 R.8 EX. N.25FT OF S.40FT 4.905 AC
- Property ID: 451202352002000018
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 4728 W 61st Ave
School District:Hobart School City
| Name | Grades | Distance |
|---|---|---|
Ridge View Elementary School 52 North Wisconsin Street, Hobart, IN 46342 | 1-5 | 3.1 mi |
The Early Lrn Center At George Earle 400 North Wilson Street, Hobart, IN 46342 | PK-K | 3.2 mi |
Hobart High School 2211 East 10th Street, Hobart, IN 46342 | 8-12 | 4.4 mi |
Hobart Middle School 36 East 8th Street, Hobart, IN 46342 | 6-8 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4728 W 61st Ave
Date
Details
Price
Change
Source
8/20/2026
Listed
$640,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4728 W 61st Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,586
—
$643,100
1%
2024
$16,586
-8%
$633,600
44%
2023
$17,974
-42%
$440,300
—
2022
$30,971
87%
$440,200
2%
2020
$16,526
13%
$430,800
—
2019
$14,609
—
$430,900
—
2019
$14,609
-2%
$429,700
—
2018
$14,853
1%
$428,200
-3%
2017
$14,663
—
$442,600
-6%
2017
$14,663
-4%
$472,300
—
2016
$15,249
3%
$473,400
2%
2015
$14,746
-10%
$463,900
1%
2013
$16,351
-4%
$458,900
-4%
2012
$17,033
—
$480,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4728 W 61st Ave
4728 W 61st Avenue, Hobart, IN 46342 (MLS# 844076) is a Retail property. 4728 W 61st Avenue is currently listed for $640,000 and was received on August 20, 2026. This property is listed by Nancy Frigo Team from our Northwest Indiana Office.Want to learn more about 4728 W 61st Avenue? Do you have questions about finding other Retail real estate for sale in Hobart? You can browse all Hobart real estate or contact a Coldwell Banker agent to request more information.


