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Mixed-Use Building with Exposed Brick
For Sale
$125,000

503 Lincolnway, La Porte, IN 46350

COMMERCIAL - La Porte, IN

Property Size2,880 SF
Lot Size0.05 Acres
Price / SF$43.40
Days on Market63

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

Amenities

dramatic soaring ceilings
historic exposed brick accents
original wood beams

Building Details

Year built 1895
Listing Agency: LaPorte County Realty, Inc.
Listed By: Gene Eigenmann · License #RB24002096
Added: Jun 27 Changed: Aug 19 Last Checked: Aug 28 at 3:06PM
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.

Investment Insights

Based on property information with market context.

This 2,880-square-foot mixed-use building dates to 1895 and is being rebuilt from a stripped interior. Interior framing is underway, while exposed brick and original wood beams remain as defining architectural elements. The property includes a basement, forced-air heating, public water, and public sewer service.

Located at 503 Lincolnway in downtown La Porte, the building presents a street-facing commercial setting within the city’s 46350 postal area. The existing structure can be configured for a future retail, office, residential, or single-tenant concept, subject to applicable approvals and design requirements. The 0.0502-acre site provides a compact downtown footprint for continued redevelopment.

Key Highlights

  • 2,880 SF mixed‑use building on a 0.0502‑acre site
  • Interior stripped for reconstruction, with framing already underway
  • Exposed brick and original wood beams remain in the building

Property Analytics

Current Use

Retail space

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

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Mixed-use property - Downtown building under interior reconstruction with original wood beams and public utilities.
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 SF mixed‑use building on a 0.0502‑acre site; Interior stripped for reconstruction, with framing already underway; Exposed brick and original wood beams remain in the building
More about this property
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