Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    518 Lincolnway Way La Porte, IN 46350

    For Sale
    $399,900

    Mixed Use - Laporte, IN

    Type:Mixed Use
    Days on Market:
    107
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 518 Lincolnway Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    460635441003000043

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    2
    Architectural style
    Other

    A.R.E. Partners (312) 339-7655 [email protected]

    Listing agent Antje Gehrken (312) 300-7237 License #471002284

    Listing date Aug 22, 2025

    MLS# 12451497 Listing URL

    Copyright © 2025 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.

    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. The restaurant, originally built in 1900, combines historic charm with modern functionality. The 2,200-square-foot main floor includes a bar, TVs, and a 23-tap system for beer, wine, and nitro beer. The commercial kitchen is equipped with a hood and Ansul system. The 2,000-square-foot basement offers two large walk-in coolers (7.5'x14' and 7.5'x20') and a grease trap integrated into the kitchen floor. The restaurant has two single-use restrooms and two split A/C units. 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. The 1,200-square-foot upstairs apartment features 2 bedrooms and 1 bath, updated in 2019 with new appliances, hot water heater, A/C, and furnace, and includes a washer and dryer. The apartment is currently operating as an Airbnb. Security and fire monitoring systems are in place. This property is suitable for an owner-operator or investor. La Porte was recently ranked the 2nd Best Small City in America by USA Today for 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    La Porte
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.7184
    Latitude
    41.599

    Nearby Similar for Sale

    • $177,000
      6,600 SF

      Mixed-Use Building in Downtown LaPorte

      Multi-use building with office space and two apartments in LaPorte.
      512 Lincolnway, La Porte, IN 46350
      View Details
    • $750,000
      Pending

      La Porte Mixed-Use Property

      Two buildings on a fenced, gated lot with ample parking.
      1450 Lake St, La Porte, IN 46350
      View Details
    • $298,000
      3,643 SF

      Downtown Business Opportunity in La Porte

      Versatile commercial property in downtown La Porte, Indiana.
      107 Lincolnway, La Porte, IN 46350
      View Details
    • $155,000
      1,330 SF

      Versatile Commercial Building on Indiana Ave

      Prime commercial opportunity in a high-traffic location, suitable for various uses.
      1025 Indiana Ave, La Porte, IN 46350
      View Details
    • $189,900
      0.33 Acres

      La Porte Triplex Investment Property

      Fully rented three-unit building on a large corner lot.
      710 John St, La Porte, IN 46350
      View Details
    • $649,900

      Luxury Lakeside Townhome with Upgrades

      Nearly new townhome with lake views, high-end finishes, and modern amenities.
      169 W Mcclung Rd, La Porte, IN 46350
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Updated restaurant with apartment in booming Northwest Indiana.
    Where is this mixed-use property located?
    The property is located at 518 Lincolnway Way La Porte, IN.
    What is the asking price?
    The asking price for this property is $399,900.
    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.
    (312) 300-7237
    Request Owner's contact information
    518 Lincolnway Way La Porte, IN 46350
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    518 Lincolnway Way
    La Porte, IN 46350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    518 Lincolnway Way La Porte, IN 46350
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.