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Mark Keene

mhkeene60@gmail.com +1(219) 292-3704

$ 1,600,000

Est. payment | -/mo

10,000 SqFt

Save

$ 1,600,000

Est. payment | -/mo

Save

10,000 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $160

Subdivision Art Theatre Sub

MLS Listing ID 835785

HOA Y/N No

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

Rooms

Basement Bath/Stubbed, Partially Finished

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 City

Building

Sewer Public Sewer

Water Public

Others

Tax ID 450932152026000018

Acceptable Financing NRA20260320180555335608000000

Listing Terms NRA20260320180555335608000000

Listed by Berkshire Hathaway HomeService • David Spillane

Nearby Locations

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Mark Keene

Managing Broker License ID: RB18001895

mhkeene60@gmail.com

+1(219) 292-3704

3709 Broadway #2, Gary, IN 46409

230 Main ST Hobart, IN 46342

Mark Keene

Key Details

Location

Rooms

Interior

Exterior

Building

Others

230 Main ST