518 Lincolnway Way, La Porte, IN 46350

Building Details

Year built

1900

Floors in Building

2

Number of units

2

Listing agent Antje Gehrken License #471002284 Show Phone

Listing office A.R.E. Partners Inc. a***@arepartners.com 111 W JACKSON BLVD Suite 170, Chicago, IN Show Phone

Listing date Aug 20, 2025

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MLS# 12451497

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This mixed-use building offers a turnkey restaurant setup with an upstairs apartment. The restaurant is fully equipped with a bar and TVs, a 23-tap system, and a commercial kitchen that includes a hood and Ansul fire suppression system. Storage and production are supported by a basement with two large walk-in coolers and a grease trap integrated into the kitchen floor. The main level features two single-use restrooms and kitchen climate control with two split A/C units. Security and fire monitoring systems are already in place. Recent building and equipment improvements include new plumbing and water lines in 2019, a new 200-amp electrical panel in 2018, and a water heater installed in 2019.

Located in downtown La Porte, the property is described as just over an hour from Chicago. The building was originally built in 1900 and blends historic character with modern functionality. Upstairs, the apartment provides additional income potential and is currently operating as an Airbnb.

The space is well suited for an operator seeking a ready-to-run hospitality footprint, or an investor looking for two revenue streams within one property. A new operator will need to obtain a liquor license to continue serving in the restaurant.

Map

City

La Porte

County

LaPorte

State

Indiana

Longitude

-86.7184

Latitude

41.599

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FAQs

What type of property is this?

Conventional restaurant - Well-equipped restaurant with an upstairs apartment currently used as an Airbnb, offering diversified income for an owner-operator.

Where is this conventional restaurant located?

The property is located at 518 Lincolnway Way La Porte, IN.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Turnkey, fully equipped 54‑seat restaurant with bar, 23‑tap system, and commercial kitchen in downtown La Porte.; Mixed‑use property includes a 1,200 sq ft, 2‑bedroom apartment, currently operating as an Airbnb, for additional income.; Located in La Porte, recently ranked the 2nd Best Small City in America by USA Today for 2025, indicating strong growth potential.