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Mixed-Use Building with Exposed Brick

503 Lincolnway, La Porte, IN 46350

For Sale
$125,000

Commercial Sale, La Porte, IN

Property Size2,880 SF
Lot Size0.05 Acres
Price / SF$43.40
Days on Market137

Property Features for 503 Lincolnway

General Information

Property type Commercial Sale
Property subtype Retail
Rooms Basement
Parking 2
Basement Unfinished
Subdivision City/Laporte
Directions Lincolnway!
Standard status Active
APN 460635436012000043
Size 2,880 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 05-06-35-436-012 O S W 1/2 E 1/2 EX 8 IN E SD LT 119. TIF ASSMT #66
Tax Annual Amount 1773
Legal Description 05-06-35-436-012 O S W 1/2 E 1/2 EX 8 IN E SD LT 119. TIF ASSMT #66

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1895
Listing Agency: LaPorte County Realty, Inc.
Listed By: Gene Eigenmann · License IN RB24002096
Added: Jun 27 Changed: Oct 17 Last Checked: Nov 10 at 11:06AM
MLS# 841375

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.

Constructed in 1895, this 2,880-square-foot mixed-use building is undergoing interior preparation, with framing work already started and the space opened for a new configuration. Soaring ceilings, exposed brick, original wood beams, and a basement provide defining structural and architectural features. Forced-air heating serves the property.

The building occupies a 0.0502-acre site at 503 Lincolnway in downtown La Porte, Indiana. Public water and public sewer are in place. The property can support concepts described in the source information as main-level retail or office space with upper-level apartments, or a single-tenant commercial plan.

Key Highlights

  • 2,880‑square‑foot mixed‑use building on a 0.0502‑acre site
  • Built in 1895 with soaring ceilings, exposed brick, and original wood beams
  • Interior framing has begun, allowing for custom configuration

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Bakery Skin Care Clinic Acupuncture Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,813
Businesses Nearby

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
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Interior framing is underway in a historic building suited to a custom commercial or residential configuration.
Where is this mixed-use property located?
The property is located at 503 Lincolnway La Porte, IN.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 2,880‑square‑foot mixed‑use building on a 0.0502‑acre site; Built in 1895 with soaring ceilings, exposed brick, and original wood beams; Interior framing has begun, allowing for custom configuration
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