5601 East 61st Avenue

Hobart IN 46342

28.62 ac.

Land

Last sold for $6,950,000

Brandy Bell, last sold this property on 29 June 2026 after 1575 days on market.

Overview

You don't want to miss this development opportunity on nearly 30 acres in a high traffic area in Hobart Indiana! This prime opportunity has a great location near St Mary Medical Center, Chicago Health & Fitness, Indian Ridge Golf Course and River Point Country Club on 61st at Lake Park. This land neighbors newly developing subdivisions Eagle Creek and Barrington Ridge and will service the Hobart School district, is located close to shopping and has easy access to interstates and highways. The land is currently zoned as R-1 for single family residences, community services and open space plans currently permitted. Land can easily be rezoned as B (Business) or OS (Office Service) for commercial development with site plan approval and other filings. Bring your concept plan for limitless possibilities. The city of Hobart is a beautiful Lake County town that is home to nearly 40,0000 people, Lake George which feeds Deep River and is known as the city that's home. Come see the potential!

Features

28.62 ac. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Hobart over the last 12 months, the estimated median property value of 5601 East 61st Avenue is $160k.

Median value

$160k

Estimated value range

$18k - $6.95m

Median days on market

Estimated value trend

60%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Hobart. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5601 East 61st Avenue

2026

Sold

$6,950,000

29 Jun 2026 by Brandy Bell, of Baird & Warner

Happy sellers in Hobart

We have insufficient information to provide an overview of customer satisfaction for Hobart. Viewing the agent profiles, reviews and sales for Hobart can provide insights for this location.