530 E 3rd | 530 E 3rd St
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530 E 3rd 530 E 3rd St
10,084 SF Retail Building Hobart, IN 46342 $399,900 ($40/SF)
Investment Highlights
- Heavy traffic area, prime downtown business district, display store fronts, favorable zoning, over 10,000 square feet
Executive Summary
Location, Location, Location. Located in the heart of Downtown Hobart's Business District at the intersection of Main & 3rd Street. This is a wonderful opportunity to purchase one of the largest retail units in all of Downtown Hobart. Featuring a main and lower level equaling just over 10,000 square feet of a wide-open canvas for many types of potential businesses with its B-2 zoning. Ample parking available either in front or back of building. Many updates have been performed to the building to get it to its current condition. Ranging from roof repairs to hvac system updates, new drop ceilings, carpeting, paint, trim, ceiling fans along with updated LED lighting. The current owners definitely showed pride of ownership. This property is in turn-key condition just waiting for its new owner to take it from there. Building also features 3 storefront display windows, unique limestone exterior and amazing custom hand painted mural loved by all in town.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
10,084 SF
Building Class
C
Year Built/Renovated
1963/2017
Price
$399,900
Price Per SF
$40
Tenancy
Single
Building Height
1 Story
Building FAR
1.01
Lot Size
0.23 AC
Zoning
B-2 - B-2 Central Business District
Frontage
55 FT on 3rd St
Amenities
- Air Conditioning
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 45-09-32-131-011.000-018 | Total Assessment | $231,500 |
| Land Assessment | $20,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $210,800 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
45-09-32-131-011.000-018
Land Assessment
$20,700
Improvements Assessment
$210,800
Total Assessment
$231,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2024
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530 E 3rd | 530 E 3rd St
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