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Residential Land for Sale in Hobart, Indiana

1400 Bl. E 31st Ave, Hobart, IN 46342

$98,874
5.1 acres
Active sale
$21.1k drop
Est $718/mo

Rare opportunity to purchase approximately 5.10 acres in the Hobart area offering outstanding privacy, flexibility, and long-term potential. Large residential tracts of this size are becoming increasingly difficult to find in Northwest Indiana. Whether you're looking to build a private estate with room to spread out, create a family compound, invest for the future, or explore development possibilities, this property offers exceptional potential. Utilities are believed to be available nearby along E. 31st Avenue, with convenient access to schools, shopping, restaurants, major highways, and Northwest Indiana employment centers while maintaining a secluded setting. The parcel is believed to be located in unincorporated Lake County near Hobart. Buyers should independently verify zoning classification, permitted uses, subdivision potential, utilities, wetlands, floodplain status, access, drainage requirements, setbacks, buildability, and all governmental approvals with Lake County and applicable agencies. This is an excellent opportunity for builders, investors, or buyers seeking acreage that is increasingly difficult to find in today's market.

Location

Street address
1400 Bl. E 31st Ave
Zip code
46342
School district
Hobart
Elevation
637 feet
Coordinates
41.5615, -87.2583

Directions

East of corner of N. Lake Park Ave and west of 1413 E. 31ST Ave . North of 3221 N. Lake Park Ave and south of 3201 N. Lake Park Ave.

Property details

Acreage
5.101 acres
Zoning
Residential
MLS #
GNIAR 836716
Posted

Property taxes

2024
$613

Parcels

  • 450920151004000016

Legal description

Details and features

Listing

Type
Land

Lot

Features
Modular Allowed

Structure

Water
Public

Property utilities

CategoryTypeStatus
WaterPublicAvailable

Nearby schools

NameTypeDistrict
Hobart High SchoolHighHobart

Listing history

DateEventPriceChangeSource
June 3, 2026Price drop$98,874$21,126 -17.6%GNIAR
Apr 8, 2026New listing$120,000GNIAR
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This 5.101-acre property is located at 1400 Bl. E 31st Ave in Hobart, IN 46342. The land is available for sale, priced at $98,874 — $19,383 per acre.

Listed by Advanced Real Estate, (219) 746-2693

Checked 2 hours agoUpdated Source

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