REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,000,000
Est. payment /mo
Active
230 Main ST Hobart, IN 46342
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $200
Subdivision Art Theatre Sub
MLS Listing ID 835785
Year Built 1934
Annual Tax Amount $10,169
Tax Year 2024
Lot Size 8,799 Sqft
Acres 0.202
Property Sub-Type Business
Property Description
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.
Location
State IN
County Lake
Interior
Heating Forced Air
Fireplace N
Appliance Dishwasher, Water Heater, Stainless Steel Appliance(s), Range Hood, Other, Gas Water Heater, Gas Range, Freezer
Exterior
View Y/N true
View true
Others
Tax ID 450932152026000018
Acceptable Financing NRA20260320180555335608000000
Listing Terms NRA20260320180555335608000000
Listed by Berkshire Hathaway HomeService • David Spillane