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    All-Brick Medical Office Building

    414 Lincolnway La Porte, IN 46350

    Claim this Listing
    For Sale
    $295,000

    SINGLE_FAMILY - La Porte, IN

    Type:Office
    Property size:
    1,653 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $178.46/SF
    Added:
    Sep 29, 2025
    Days on Market:
    289
    Last Refresh:
    Jul 14 at 7:06 am

    Property Features for 414 Lincolnway

    General Information

    Property type
    Residential
    Property subtype
    Office
    Rooms
    Basement
    Parking
    16
    Basement
    Sump Pump, Unfinished
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    460636304001000043
    Size
    1,653 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    05-06-36-304-001 O S LOT 160
    Tax Annual Amount
    3489

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1936

    Listing agent Bryon Eigenmann

    Listing office LaPorte County Realty, Inc. 107 J Street, LaPorte, IN

    Listing date Sep 29, 2025

    MLS# 828529

    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.

    Investment Insights

    Based on property information with market context.

    This all-brick office building offers a doctor’s office layout with six offices, along with a reception area and waiting area. The property includes ample parking in the front and additional space at the rear that is presently grass, providing room to expand parking as needed.

    The building is located on Lincoln Way in La Porte, Indiana at 414 Lincolnway, within La Porte County (46350).

    With its existing exam- and office-oriented configuration and dedicated reception and waiting space, the building is suited for professional office users seeking a straightforward internal layout and on-site parking.

    Key Highlights

    • Solid all‑brick building on Lincoln Way in La Porte, built in 1936
    • Layout includes 6 offices plus a reception and waiting area
    • Ample front parking, with additional room to expand parking at the back

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $35.7k $21.60
    − Vacancy −$2.4k −$1.45
    EGI $33.3k $20.15
    − OpEx −$13.3k −$8.06
    NOI $20.0k $12.09
    1,653 SF · lease $21.60/SF/yr · vacancy 6.70% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $285.5K
    $249.9K – $333.1K (±1% cap)
    NOI $19,988 @ 7.0% cap · market cap 6.78%
    Second Best
    Office B
    $241.2K
    $211.1K – $281.4K (±1% cap)
    NOI $16,885 @ 7.0% cap · market cap 5.72%
    Theoretical Best
    Specialty Retail
    $459.5K
    $402.1K – $536.1K (±1% cap)
    NOI $32,168 @ 7.0% cap · market cap 10.90%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Pine Lake Pediatrics ... Pediatrician Sergiwa Adam MD Pediatrician

    Suggested Use

    Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store Skin Care Clinic Florist Veterinary Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

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    FAQs

    What type of property is this?
    Medical Office Space - All-brick office building with six offices, reception, and waiting area, plus ample front parking.
    Where is this medical office space located?
    The property is located at 414 Lincolnway La Porte, IN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Solid all‑brick building on Lincoln Way in La Porte, built in 1936; Layout includes 6 offices plus a reception and waiting area; Ample front parking, with additional room to expand parking at the back
    Contact an agent
    (219) 608-0328
    We can help!
    Contact an agent
    Bryon Eigenmann
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