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Back 8400 Colorado St
Off Market

8400 Colorado St

Hobart IN 46410

78408 sq. ft.
Land
Last sold for $140,000
Ryan PetersRyan Peters, last sold this property on 10 June 2025 after -269 days on market.

Overview

Located in the commercial corridor of Merrillville and Hobart, Indiana, this 1.8-acre parcel presents a prime development opportunity with its versatile M1 zoning. Ideally positioned within an industrial park,this lot is a blank canvas designed to accommodate a diverse range of operations, including retail,service industries, production facilities, processing plants, and warehouses, among others. The property's zoning caters explicitly to businesses that benefit from proximity to major transportation veins, with excellent access to highways ensuring logistical ease for any enterprise.The flat terrain and all utilities available onsite simplifies construction and design, allowing for a more efficient utilization of space and a reduction in initial site preparation costs. Adding to the value is an on-site billboard that generates approximately $1,500 in annual profits. The lot falls within the US 30 & 69th Avenue TIF (Tax Increment Financing) District, an area specifically demarcated to spur economic development and improvement through strategic public investments.

Features

78408 sq. ft. 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 8400 Colorado St is $42.5k.

Median value
$42.5k
Estimated value range
$8k - $550k
Median days on market
48
Estimated value trend
-15%
decrease 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 8400 Colorado St

2025
Sold
$140,000
10 Jun 2025 by Ryan Peters, of StreetFront, LLC

Happy sellers in Hobart

100%
100% of sellers in Hobart reported that their sale price either exceeded or met their price expectations.

Hobart stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Hobart over the last 12 months.

Local market activity for land plots in Hobart

In the last 12 months, 14 land plots similar to 8400 Colorado St, have been sold.

This represents a 85% decrease in land plots sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Hobart

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Kim Odegard

Sellers who recommend Kim Odegard have praised them for being local expert, responsive, well-prepared, attentive, supportive, reliable, and proactive

  •   5   (108 reviews)
  •  4 Reviews in Hobart
  •  2 Sales in Hobart
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Sarah Schwertfeger

Sarah Schwertfeger is a recommended agent for Hobart.  They have 6 local sales across the last 12 months.

  •  6 Sales in Hobart
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Marilou Mrjenovich

Marilou Mrjenovich is a recommended agent for Hobart.  They have 1 local sale across the last 12 months.

  •   4   (1 review)
  •  1 Sale in Hobart
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Mikey Matariyeh

Mikey Matariyeh is a recommended agent for Hobart.  They have 1 local sale across the last 12 months.

  •  1 Sale in Hobart
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