Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown LaPorte Mixed-Use Opportunity Title is generated by Realmo AI

    603 Detroit, La Porte, IN 46350

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    8000 SF mixed-use space in downtown LaPorte for sale.

    Type:Commercial/Industrial
    Property size:
    8,000 SF
    Price / SF:
    $31/SF
    Added:
    Mar 24, 2026
    Days on Market:
    49
    Last Refresh:
    Feb 10 at 7:00 pm

    Property Features for 603 Detroit

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Vince Kisala
    Vince Kisala

    Listing agent Vince Kisala License #RB14049608

    Listing office Coldwell Banker Real Estate Gr

    Listing date Mar 24, 2026

    Source Exitrealty

    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 Coldwell Banker Real Estate Gr

    HighLights

    • Prime downtown Laporte location on the corner of Lincolnway & Detroit St.
    • Substantial 4945 sq ft open loft space on the upper level with 1.5 bathrooms.
    • Additional 2365 sq ft office space on the lower level with separate entrance, new flooring and fresh paint.
    • Zoned CBD1, allowing for a wide range of business and commercial uses.
    • Includes rear half of the parking lot.
    • Unique garage space with a conveyor belt system to the loft.

    Overview

    Located on the corner of Lincolnway and Detroit Street in downtown LaPorte, this property offers endless possibilities. The total space included is 8000 square feet. The upper level features a 4945 square foot open loft space with 1.5 bathrooms, currently rented as an artist studio on a month-to-month lease. The lower level hosts a 2365 square foot office space with a separate entrance, freshly painted with new flooring, suitable for many purposes due to its CBD1 zoning. The rear half of the parking lot in the back is included. A garage space includes a conveyor belt that goes up from the garage to the loft space. The building is incredibly well built.
    Location Intelligence

    Current Use by Public Records

    Knight Community Correction Medical Clinic Sun spa Alternative Medicine Practice A/C Low Voltage Tech Support Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.717885
    Latitude
    41.613527

    Nearby Similar for Sale

    • $298,000
      3,643 SF

      La Porte Commercial Opportunity

      Versatile commercial property in downtown La Porte, Indiana.
      107 Lincolnway, La Porte, IN 46350
      View Details
    • $169,000
      1,200 SF

      Remodeled Office Building in Downtown

      Turnkey office building in a revitalizing downtown district.
      1101 Indiana Avenue, La Porte, IN 46350
      View Details
    • $349,900

      Turnkey Restaurant with Upstairs Apartment

      Updated restaurant with apartment in booming Northwest Indiana.
      518 Lincolnway Way, Laporte, IN 46350
      View Details
    • $1,200,000
      1,221 SF

      Former Pizza Hut For Sale

      1221 SF former Pizza Hut with pick-up window.
      75 Pine Lake Ave, La Porte, IN 46350
      View Details
    • $999,000

      La Porte Office Building Opportunity

      Three-story office building in La Porte's Downtown Business District.
      Lincolnway 901, La Porte, IN
      View Details
    • $5,221,000
      3,991 SF

      NNN Leased 7-Eleven Investment Property

      NNN leased 7-Eleven with 11+ years remaining and rent escalations.
      201 Pine Lake Ave, La Porte, IN 46350
      View Details
    • $3,157,895
      2,350 SF

      Chipotle w/ Drive Thru | Rare 15 Year Absolute NNN Lease | Qualifies for Depreciation | NW Indiana

      New 2025 Chipotle with drive-thru in high-traffic location.
      150 Pine Lake Ave (Northwest Indiana), La Porte, IN 46350
      View Details
    • $3,000,000
      42,000 SF

      LaPorte Townhome Multifamily Investment Property

      30-unit multifamily property in LaPorte, Indiana, with convenient access.
      5056 N Pawnee Trail, La Porte, IN 46350
      View Details
    • $9,539,000
      260,480 SF

      Well-Kept Manufacturing Building For Sale

      Clean manufacturing building with high ceilings and ample parking.
      229 Factory St, La Porte, IN
      View Details
    • $3,005,878
      3,726 SF

      La Porte Medical Investment Property

      New construction medical property with long-term lease and escalations.
      1320 W State Rd 2, La Porte, IN
      View Details
    • $1,500,000

      Former Northwest Health Occupational Building

      13,049 SF building suitable for various uses.
      Boyd Blvd 311, La Porte, IN
      View Details
    • $2,999,000
      14,015 SF

      Drive-Thru Restaurant For Sale

      15-year absolute net lease, new construction, near major highway.
      150 Pine Lake Avenue, La Porte, IN
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 8000 SF mixed-use space in downtown LaPorte for sale.
    Where is this mixed-use property located?
    The property is located at 603 Detroit La Porte, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime downtown Laporte location on the corner of Lincolnway & Detroit St.; Substantial 4945 sq ft open loft space on the upper level with 1.5 bathrooms.; Additional 2365 sq ft office space on the lower level with separate entrance, new flooring and fresh paint.
    (219) 221-4047
    We can help!
    Listing Contact
    Vince Kisala
    Vince Kisala
    Real Estate License ID: RB14049608
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    603 Detroit, La Porte, IN 46350
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!