📍7030 Grand Blvd, Hobart, IN 46342
Incredible opportunity to own 38 acres of farmland in Hobart, Indiana, classified as Cash Grain / General Farm. Property also includes a solid brick home, offering flexibility for residence, rental, or management use.
✨ Highlights:
✅ 38 acres – prime for agriculture, investment, or redevelopment
✅ Brick home on-site – renovate, rent, or use as a base
✅ Property class: Cash Grain / General Farm
✅ Located in Hobart, IN – strong growth corridor
✅ Perfect location for a solar farm – wide open acreage with strong long-term potential
💡 To put this in perspective: the home next door is worth $465K sitting on just 1 acre. With 38 acres included here, the upside potential is massive.
💡 Ideal for farmers, developers, solar energy projects, or land investors looking for multiple exit strategies. Whether farmed, converted to renewable energy, or held for appreciation, this property offers serious upside.
📈 Investment Breakdown:
- 🔑 Sale Price: $275,000
- 💎 After Repair Value (ARV): $2,000,000
- 🏠 Taxes: $2,230
🏠 Comparable Sales (Comps):
- 💰 $120,000 (Only 5 acres!!!) – 6400 Grand Blvd, Hobart, IN 46342
- 💰 $100,000 (Only 3.73 acres!!!) – 4010 E 61st Ave, Hobart, IN 46342
💡 Bottom Line
Hobart, IN has good foundational signs that it is planning for future growth: strong master planning, active economic development, environmental/amenity investments. For investors, this means there is upside, especially for well-chosen land or properties positioned in areas expected to benefit from the plan (roads, utilities, etc.).