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.
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA835785
Price : $2,000,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1934
Lot Area : 8,799 Sqft
Status : Active
Acres : 0.202
Property Subtype 1 : Business
Status : Active
Features
Heating System : Forced Air
Basement : Yes
Appliances
Appliances : Range Hood, Other, Freezer, Dishwasher, Gas Range, Stainless Steel Appliance(s), Gas Water Heater, Water Heater
Address Map
Country : US
State : IN
County : Lake
City : Hobart
Street : Main
Street Number : 230
Street Suffix : Street
Postal Code : 46342
Floor Number : 0
Longitude : W88° 44' 40.6''
Latitude : N41° 31' 56''
Directions : Located in downtown Hobart on Main Street between 2nd St and 3rd St. Property sits on the south side of Main St. From I-65, take Exit 253 (61st Ave) east to Main St, then head north into downtown Hobart. Street parking available along Main St.