Storefront Property with
206 Lincolnway, La Porte, IN 46350
For Sale
$449,000
Commercial Sale, La Porte, IN
Property Size6,972 SF
Lot Size0.22 Acres
Price / SF$64.40
Days on Market135
Property Features for 206 Lincolnway
General Information
Property type
Property subtype
Parking
Parking features
Security features
Exterior features
Subdivision
Lot features
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APN
Size
Lot size
Taxes and HOA fees
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Tax Annual Amount
Legal Description
Utilities
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Heating system
Water source
Building Details
Year built
Buildings
Listing Agency:
MTM Realty Group
(219) 324-4640
Listed By:
Mike Liberatore · License IN RB14046276
(219) 363-2944
Added: Jun 29
Changed: Oct 24
Last Checked: Nov 10 at 11:06AM
MLS# 841505
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.
This storefront property includes approximately 6,300 square feet in the main building along with an additional 672+/- square foot garage. The front area is arranged for retail use with a showroom, restroom, stock and storage room, and private office. A garage and work area occupy the rear, with a loft containing the building’s mechanical systems. The garage area also includes a second bathroom that may be reconnected to city utilities.
The property sits on 0.2192 acres and includes a spacious parking lot with off-street parking. Additional parking features include alley access, a garage, on-street parking, an oversized driveway, and off-street parking. Built in 1931, the building is served by public water and public sewer, with natural gas and forced-air heating.
The property sits on 0.2192 acres and includes a spacious parking lot with off-street parking. Additional parking features include alley access, a garage, on-street parking, an oversized driveway, and off-street parking. Built in 1931, the building is served by public water and public sewer, with natural gas and forced-air heating.
Key Highlights
- Approximately 6,300 square feet in the main building
- Additional 672+/- square foot garage with work area and loft
- Retail area includes showroom, restroom, storage room, and private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,530
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,600
$530.6K
Cap Rate 7%
$379,000
$379.0K
Cap Rate 9%
$294,778
$294.8K
Market Conditions
NOI Build-Up for 6,972 SF
Gross rent
$41.8K $6.00/SF
− Vacancy
−$3.9K −$0.56/SF
EGI
$37.9K $5.44/SF
− OpEx
−$11.4K −$1.63/SF
NOI
$26.5K $3.81/SF
Area
LaPorte County, IN
Vacancy
9.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,600
Cap Rate 7%
$379,000
Cap Rate 9%
$294,778
Alternative Uses
Best Use
Flex RnD
$1.29M
$1.13M – $1.50M
NOI $90,154 @ 7.0% cap · market cap 20.08%
Second Best
Retail
$938.0K
$820.8K – $1.09M
NOI $65,661 @ 7.0% cap · market cap 14.62%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,677 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
Similar Off Market Nearby
- Kroger Floral Department — 55 Pine Lake Ave, La Porte, IN 46350
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout combines customer-facing retail space with showroom, storage, office, and dedicated work areas.
Where is this storefront property located?
The property is located at 206 Lincolnway La Porte, IN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Approximately 6,300 square feet in the main building; Additional 672+/- square foot garage with work area and loft; Retail area includes showroom, restroom, storage room, and private office
