518 Lincolnway Way La Porte, IN 46350
- Added:
- Aug 20, 2025
- Days on Market:
- 262
- Last Refresh:
- May 8 at 12:06 pm
Property Features for 518 Lincolnway Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 460635441003000043
- Size
- 2,200 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 2329
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
Listing agent Antje Gehrken License #471002284 (312) 339-7655
Listing office A.R.E. Partners Inc. 111 W JACKSON BLVD Suite 170, Chicago, IN (312) 300-7237
Listing date Aug 20, 2025
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.
HighLights
- 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.
- Significant updates including new plumbing (2019), 200‑amp electrical panel (2018), and water heater (2019).
- Features two large walk‑in coolers and a grease trap integrated into the kitchen floor.
- Security and fire monitoring systems already in place.
Overview
Turnkey Restaurant with Upstairs Apartment
Located in downtown La Porte, Indiana, this mixed-use property features a 54-seat restaurant and an upstairs apartment. Originally built in 1900, the property combines historic charm with modern functionality. The restaurant is fully equipped with a bar, TVs, and a 23-tap system for beer, wine, and nitro beer. The commercial kitchen includes a hood and Ansul system. The basement provides ample storage and prep space, featuring two large walk-in coolers (7.5'x14' for beer and 7.5'x20' for food storage), along with a grease trap integrated into the kitchen floor. The main floor spans 2,200 square feet, with an additional 2,000 square feet in the basement. The restaurant has two single-use restrooms and a kitchen outfitted with two split A/C units for climate control. Major system updates include new plumbing and water lines in 2019, a new 200-amp electrical panel in 2018, and a water heater installed in 2019. Upstairs, a 1,200-square-foot, 2-bedroom, 1-bath apartment provides additional income potential and is currently operating as an Airbnb. The unit was updated in 2019 with new appliances, hot water heater, A/C, and furnace, and includes a washer and dryer. The lot size is 0.0596 acres. Security and fire monitoring systems are already in place. The property is suitable for an owner-operator or investor looking to step into an established setting.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Turn key restaurants
Map
- City
- La Porte
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.7184
- Latitude
- 41.599
Nearby Similar for Sale
FAQs
What type of property is this?
Turn key restaurant - Updated restaurant with apartment in booming Northwest Indiana.
Where is this turn key 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 $349,900.
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.
