Hobart, IN Commercial Real Estate for Lease and Sale

Explore 11 listings of Hobart commercial real estate for lease and for sale to find the best space for your business.

Randolph Commons

8081 Randolph, Merrillville, IN
Property

Office

8,542 SF
Availability

1 Space

1,480 SF
Year Built

2005
For Lease

$21.00/MO
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Cornerstone Crossing

1669 -1719 E 37th Ave, Hobart, IN
Property

Retail

130,054 SF
Availability

2 Spaces

2,371 SF
Year Built

2005
For Lease

$16.00/SF/YR
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The Pavilions of Hobart

1403-1501 Lake Park Avenue, Hobart, IN
Property

Retail

76,307 SF
Availability

5 Spaces

10,046 SF
Year Built

2002
For Lease

$12.00 - $14.00/SF/YR
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NorthWind Crossings - 6451 NorthWind Pkwy

6451 NorthWind Pkwy, Hobart, IN
Property

Industrial

159,813 SF
Availability

2 Spaces

159,813 SF
Year Built

2016
For Lease Contact for pricing
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Hobart Medical Space

1330 South Wisconsin Street, Hobart, IN
Property

Office

16,300 SF
Availability

1 Space

9,888 SF
Year Built

2008
For Lease

$18.00/SF/YR
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The Pavilions of Hobart

1403-1501 Lake Park Avenue, Hobart, IN
Property

Retail

76,307 SF
Year Built

2002
For Sale

Subject To Offer
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NorthWind Crossings - 6221 NorthWind Pkwy

6221 NorthWind Pkwy, Hobart, IN
Property

Industrial

150,000 SF
Availability

1 Space

87,985 SF
Year Built

2009
For Lease Contact for pricing
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295 S. Wisconsin St.

295 S. Wisconsin St., Hobart, IN
Property

Retail

7,017 SF
Availability

1 Space

5,459 SF
For Lease Contact for pricing
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401-405 Main St

401-405 Main St, Hobart, IN
Property

Office

8,394 SF
Year Built

1885
For Sale

$349,000
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1265 S. Lake Park Blvd.

1265 S. Lake Park Blvd., Hobart, IN
Property

Retail

6,052 SF
Availability

1 Space

800 SF
Year Built

1977
For Lease

$15.00/SF/YR
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904 W Old Ridge Rd.

904 W Old Ridge Rd, Hobart, IN
Property

Office

7,279 SF
Availability

2 Spaces

4,140 SF
Year Built

1964
For Lease

$12.00 - $16.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Hobart commercial real estate market incorporates 41,929 square feet of office space across 5 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Hobart commercial real estate market includes 295,737 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Hobart market, there is a total of 309,813 square feet of industrial property.
The listing inventory in Hobart incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Hobart is represented by Industrial space, which accounts for 247,798 square feet of available listings. Retail space available in Hobart adds up to 23,416 square feet.

Meanwhile, most of the listings of commercial property for sale in Hobart are in the Office category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Hobart is $15.33 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Hobart can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Hobart, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $18 per square foot.
The average size of a commercial property in Hobart depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Hobart, the average size of an office property is 8,386 square feet.
- Retail properties here incorporate an average of 59,148 square feet.
- Industrial space in Hobart is in buildings that are, on average 154,907 square feet in size.

Hobart, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hobart currently add up to 288,136 square feet. The market offers 4 active office listing(s), which amount to 16,922 square feet and account for 40% of commercial spaces on the market. Local retail availability includes 23,416 square feet across 4 retail space(s). Industrial space for rent opportunities in Hobart amount to 247,798 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	4	16,922
Retail	4	23,416
Industrial	2	247,798

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Hobart, IN. Currently, there is 84,701 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	1	8,394
Retail	1	76,307

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Hobart, IN Commercial Real Estate for Lease and Sale

Randolph Commons

Cornerstone Crossing

The Pavilions of Hobart

NorthWind Crossings - 6451 NorthWind Pkwy

Hobart Medical Space

The Pavilions of Hobart

NorthWind Crossings - 6221 NorthWind Pkwy

295 S. Wisconsin St.

401-405 Main St

1265 S. Lake Park Blvd.

904 W Old Ridge Rd.

Frequently Asked Questions

Hobart, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Hobart, IN Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Hobart, IN?

What factors affect the price of commercial real estate in Hobart, IN?

What is the average rent for commercial space in Hobart, IN?

What are the best areas for commercial real estate in Hobart, IN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Hobart, IN?

Hobart, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

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Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us