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Shawn Spaw

Team Leader of the Shawn Spaw Team

  • Cell 219-617-7802

1265 South Lake Park Avenue, Hobart, IN – $440,000

  • $440k Price
  • 6,052 Sqft
  • .78 Acres
  • $440k Price
  • 6,052 Sqft
  • .78 Acres

1265 South Lake Park Avenue

Free Standing Medical Building for Sale or Lease! This is a potential Sale Lease-back with 50% occupancy and proposed 2 yr lease. Value ad proposition with 17%CAP RATE potential. Current use for physical therapy. Layout has 1 Waiting Area; Reception Desk; 2 Filing Rooms; 2 Therapy Areas; 1 Exercise Room; 1 Breakroom; 1 Nurse's Station; 8 Exam Rooms; 6 Offices; 3 Washrooms and 1 Shower Room. Income opportunity offering value-add proposition with Sale-leaseback potential. Come see this corner, free-standing building with 29 parking spaces, 6,000 square feet, modern and well maintained medical office building. Building may be split in half (3,000 sf) & share reception/lobby patient intake area. Owner may take lease for half space for 2-3yrs depending on offer amount.

Essential Information

  • MLS® #459359
  • Price$440,000
  • Square Footage6,052
  • Acres0.78
  • Year Built1977
  • TypeComm/Ind/Bus
  • Sub-TypeOffice
  • StatusActive

Community Information

  • Address1265 South Lake Park Avenue
  • SubdivisionSecond South Side Add/Hobart
  • CityHobart
  • CountyLake
  • StateIN
  • Zip Code46342


  • Parking Spaces28

Additional Information

  • Date ListedJuly 22nd, 2019
  • ZoningOTHER

Listing Details

  • OfficeVillar-Real Estate Advisors, L
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Villar-Real Estate Advisors, L.

©2019 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Keller Williams Realty International are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed by the GNIAR MLS.

Listing information last updated on September 18th, 2019 at 12:31pm CDT.