Retail Space Along
For Sale
$299,000
111 E Lincolnway, La Porte, IN 46350
B-2 General Commercial District location near Downtown La Porte supports retail, service, and customer-facing business uses.
Property Size1,983 SF
Lot Size0.40 Acres
Price / SF$150.78
Days on Market75
Property Features for 111 E Lincolnway
General Information
Standard status
Active
Size
1,983 SF
Lot size
0.40 Acres
Zoning
B-2
Additional Details
Traffic Count
17,500 vehicles/day
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Cressy & Everett - South Bend
Listed By:
Fares Farhan · License #RB25001540
(574) 217-1405
Source:
Kmsrealestategroup
Added: Aug 15
Changed: Oct 25
Last Checked: Oct 7 at 3:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cressy & Everett - South Bend
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Investment Insights
Based on property information with market context.
The property includes a 1,983 SF retail building constructed in 1981 on a 0.40-acre lot. Its position along SR-2/E Lincolnway provides a customer-facing setting with access to an established commercial corridor. The B-2 General Commercial District supports a range of retail, service, and other customer-oriented business uses.
Located at 111 E Lincolnway, the property is near Downtown La Porte and records approximately 17,500 vehicles per day along the corridor. Valparaiso is 21 miles away, while South Bend is 20 miles from the site, extending access to nearby regional markets.
Located at 111 E Lincolnway, the property is near Downtown La Porte and records approximately 17,500 vehicles per day along the corridor. Valparaiso is 21 miles away, while South Bend is 20 miles from the site, extending access to nearby regional markets.
Key Highlights
- 1,983 SF retail building on a 0.40‑acre lot
- Approximately 17,500 vehicles per day along SR‑2/E Lincolnway
- B‑2 General Commercial District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,675
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,500
$373.5K
Cap Rate 7%
$266,786
$266.8K
Cap Rate 9%
$207,500
$207.5K
Market Conditions
NOI Build-Up for 1,983 SF
Gross rent
$27.8K $14.00/SF
− Vacancy
−$1.1K −$0.55/SF
EGI
$26.7K $13.45/SF
− OpEx
−$8.0K −$4.04/SF
NOI
$18.7K $9.42/SF
Area
LaPorte County, IN
Vacancy
3.90%
Lease Rate
$14.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,500
Cap Rate 7%
$266,786
Cap Rate 9%
$207,500
Alternative Uses
Best Use
Retail
$266.8K
$233.4K – $311.3K
NOI $18,675 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$551.3K
$482.4K – $643.2K
NOI $38,590 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
17,500 VPD
Traffic count
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - B-2 General Commercial District location near Downtown La Porte supports retail, service, and customer-facing business uses.
Where is this retail space located?
The property is located at 111 E Lincolnway La Porte, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,983 SF retail building on a 0.40‑acre lot; Approximately 17,500 vehicles per day along SR‑2/E Lincolnway; B‑2 General Commercial District zoning
