Mixed-Use Building with Flexible
107 Lincolnway, La Porte, IN 46350
For Sale
$298,000
Commercial Sale, La Porte, IN
Property Size3,643 SF
Lot Size0.10 Acres
Price / SF$81.80
Days on Market484
Property Features for 107 Lincolnway
General Information
Property type
Property subtype
Zoning description
Rooms
Parking
Parking features
Interior features
Exterior features
Basement
Appliances
Subdivision
Lot features
View
High school
Elementary school district
Middle school district
High school district
Directions
Special listing conditions
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Listing Agency:
BHHS Executive Realty
(219) 663-1986
Listed By:
Susie Etter · License IN RB14048146
(219) 629-3300
Added: Jul 15, 2025
Changed: Oct 24
Last Checked: Nov 10 at 11:06AM
MLS# 824303
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. 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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Investment Insights
Based on property information with market context.
Built in 1912, this 3,643-square-foot mixed-use property occupies 0.101 acres and offers a versatile interior arrangement. The building includes five large bedrooms with walk-in closets, a main-floor bedroom or office, three living areas, a foyer with built-in bench seating, and separate front and rear entry points with two stairways. A remodeled full bathroom serves the upper level, while the main floor has a remodeled half bath. Hardwood floors, high ceilings, crown molding, granite counters, and an updated kitchen add to the interior finish. Zoned CBD1, the property supports a range of commercial and mixed-use concepts identified in the source information, including bed and breakfast, café, retail, bakery, office, and medical applications, with the ability to live upstairs.
The property is located at 107 Lincolnway in La Porte, near downtown amenities and within walking distance of downtown areas. The surrounding context includes access to lakes, including Pine Lake, a boating marina, clubhouse, museum, orchards, parks, and a heritage center. Public water and public sewer serve the property, with natural-gas forced-air heating and off-street, driveway, and alley parking options.
The property is located at 107 Lincolnway in La Porte, near downtown amenities and within walking distance of downtown areas. The surrounding context includes access to lakes, including Pine Lake, a boating marina, clubhouse, museum, orchards, parks, and a heritage center. Public water and public sewer serve the property, with natural-gas forced-air heating and off-street, driveway, and alley parking options.
Key Highlights
- 3,643‑square‑foot mixed‑use property on 0.101 acres
- CBD1 business zoning in La Porte
- Five large bedrooms with walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,672
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,440
$493.4K
Cap Rate 7%
$352,457
$352.5K
Cap Rate 9%
$274,133
$274.1K
Market Conditions
NOI Build-Up for 3,643 SF
Gross rent
$43.7K $12.00/SF
− Vacancy
−$4.2K −$1.16/SF
EGI
$39.5K $10.84/SF
− OpEx
−$14.8K −$4.06/SF
NOI
$24.7K $6.77/SF
Area
LaPorte County, IN
Vacancy
9.70%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,440
Cap Rate 7%
$352,457
Cap Rate 9%
$274,133
Alternative Uses
Best Use
Retail
$490.1K
$428.9K – $571.8K
NOI $34,309 @ 7.0% cap · market cap 11.51%
Second Best
Mixed Use
$352.5K
$308.4K – $411.2K
NOI $24,672 @ 7.0% cap · market cap 8.28%
Theoretical Best
Specialty Retail
$1.01M
$886.2K – $1.18M
NOI $70,894 @ 7.0% cap · market cap 23.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 27%
Dining 14%
Beauty & Spa 9%
Kroger
Groceries
33,855 visits/mo
0.5 miles
Buffalo Wild Wings
Dining
10,096 visits/mo
0.4 miles
Family Express
Shops & Services
7,159 visits/mo
0.5 miles
Great Clips
Beauty & Spa
6,031 visits/mo
0.5 miles
AutoZone
Shops & Services
4,797 visits/mo
0.4 miles
Demographics for 46350, IN
44,522
Population
19,576
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
193.5 sq mi
ZIP Area
230
Density / Sq Mi
$75,311
Median Household Income
$44,309
Median Earnings
$920
Median Rent
$199,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CBD1-zoned property combines remodeled living areas with commercial-oriented rooms and separate access points.
Where is this mixed-use property located?
The property is located at 107 Lincolnway La Porte, IN.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 3,643‑square‑foot mixed‑use property on 0.101 acres; CBD1 business zoning in La Porte; Five large bedrooms with walk‑in closets
