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Listing provided courtesy of Berkshire Hathaway HomeServiceNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 835785MLS Provider

230 Main StreetHobart, IN 46342

Commercial · 10,000 Sq. ft. | 0.20 Acres
$1,600,000 Active

230 Main Street Overview

Time on Site:
101 days
Visits:
13

Income-producing entertainment venue in the heart of downtown Hobart's Main Street corridor. The Art Theatre operates as a fully programmed live event and performance space with multiple revenue streams including ticketed concerts, bar sales, private event rentals, and venue partnerships. The property features an open auditorium with stage, professional sound and lighting infrastructure, and capacity for approximately 400 guests, allowing for high-volume event turnover and strong per-event revenue potential. Established brand with regional draw and consistent programming provides a foundation for continued growth, with upside through expanded booking schedules, premium events, sponsorships, and enhanced food and beverage operations. Positioned within a walkable, revitalizing downtown with strong local support and increasing destination traffic. Turnkey opportunity for investor or operator seeking a scalable experiential asset in a supply-constrained entertainment category.

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230 Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 10,000
  • Price/Sq.ft. $160
  • Lot 0.20 Acres

Details

General

Building Information

  • Year Built: 1934

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Art Theatre Sub
  • Township: Hobart

Tax Information

  • Tax Annual Amount: 10169
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 450932152026000018
  • Property Sub Type: Business
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Estimated

General Information

  • Appliances: Dishwasher,Water Heater,Stainless Steel Appliance(s),Range Hood,Other,Gas Water Heater,Gas Range,Freezer
  • Building Features: Private Restrooms,Mixed Use,Business District Location
  • Electric: 100 Amp Service,200+ Amp Service
  • Heating: Forced Air
  • Living Area: 10000

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: false
  • Lot Size Acres: 0.202
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8799
  • Water Source: Public

Waterfront/View

  • View: City
  • Waterfront Features: Lake Front
  • Waterfront: true

General Information

  • Sewer: Public Sewer
  • Utilities: Cable Available,Water Connected,Water Available,Underground Utilities,Sewer Connected,Sewer Available,Natural Gas Connected,Electricity Connected,Electricity Available,Cable Connected

230 Main Street Neighborhood

Community

46342 (HOBART) Demographics

39
Median Age
873
Population Density (per sq. mile)
33%
College Educated
$64,279
Estimated Median Income
9,396
Estimated Total Home Owners
2,586
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

230 Main Street Monthly Cost

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$ %
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$
$
Marc Churchill
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

230 Main Street Market Data

Based on the last 30 days in this zip code

$293,522
Average List Price
$167
Average Price per Square Foot
32
Properties Sold
65
Average Days on Market
146
Properties for Sale
Calculations provided by Reliance Network

230 Main Street History

Date Event Value Agent
6/25/2026Source: Northwest Indiana MLS Price Reduction
$1,600,000 -20.0%
3/20/2026Source: Northwest Indiana MLS Added to Database
March 20, 2026