230 Main Street, Hobart, IN 46342

$2,000,000

  • Open House
  • New Listing
  • Price Reduced
  • Sold
  • Leased
-1 More Schedule
  • 0 BedroomBeds
  • 0 BathroomBaths
  • 10,000Sqft
  • 0Acres
  • Commercial SaleType
  • ActiveStatus
  • 835785MLS#
-1 More Schedule

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Property Description 230 Main Street, Hobart, IN 46342

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.



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Property Details 230 Main Street, Hobart, IN 46342

  • On Market Date: 03/20/2026
  • Year Built: 1934
  • Sq. Ft.: 10,000
  • MLS#: 835785
  • Type: Commercial Sale
  • Status: Active
  • Lot Size: 8,799
  • Price: $2,000,000
  • City: Hobart
  • State: IN
  • Zip: 46342
  • County: Lake
  • Price Per Sq Ft: $200
  • Development: NO
  • Date Last Updated: 03/20/2026
  • Property tax: $10,169
  • Basement: Yes
  • Pool: NO
  • Water: Public
  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Central Air, Zoned, Ceiling Fan(s)

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