Mixed-Use Restaurant
For Sale
Under Contract
$295,000
518 Lincolnway Way, La Porte, IN 46350
Commercial Sale, LaPorte, IN
Property SizeContact for details
Lot Size0.06 Acres
Days on Market414
Property Features for 518 Lincolnway Way
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
I-94 east to US-35, south to Lincolnway, east to property.
Subdivision
Indiana - LaPorte
Standard status
Active Under Contract
APN
460635441003000043
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2329
Utilities
Cooling system
Central Air
Amenities
security system
fire monitoring system
washer/dryer
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
A.R.E. Partners Inc.
(312) 300-7237
Listed By:
Antje Gehrken · License #471002284
(312) 339-7655
Added: Aug 20, 2025
Changed: Sep 30
Last Checked: Oct 7 at 12:06PM
MLS# 12451497
Copyright © 2026 Midwest Real Estate Data, LLC. 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 mixed-use property pairs a 54-seat restaurant with a second-floor apartment. The restaurant includes a bar, televisions, a 23-tap beverage system, and a commercial kitchen equipped with a hood and Ansul system. Two walk-in coolers in the basement measure 7.5 by 14 feet and 7.5 by 20 feet. The main level contains 2,200 square feet, with another 2,000 square feet in the basement. The building dates to 1900.
The 1,200-square-foot apartment has two bedrooms and one bathroom and is operating as an Airbnb. Its 2019 updates included appliances, a water heater, air conditioning, and a furnace. Restaurant building improvements include plumbing and water lines installed in 2019 and a 200-amp electrical panel added in 2018. The property is at 518 Lincolnway Way in downtown LaPorte, Indiana.
The 1,200-square-foot apartment has two bedrooms and one bathroom and is operating as an Airbnb. Its 2019 updates included appliances, a water heater, air conditioning, and a furnace. Restaurant building improvements include plumbing and water lines installed in 2019 and a 200-amp electrical panel added in 2018. The property is at 518 Lincolnway Way in downtown LaPorte, Indiana.
Key Highlights
- 54‑seat restaurant with a bar and 23‑tap system
- Second‑floor 1,200‑square‑foot apartment with 2 bedrooms and 1 bath; currently operating as an Airbnb
- Restaurant space includes 2,200 square feet on the main level and 2,000 square feet in the basement
Property Analytics
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Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs two-bedroom apartment is currently operated as an Airbnb.
Where is this mixed-use property located?
The property is located at 518 Lincolnway Way 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: 54‑seat restaurant with a bar and 23‑tap system; Second‑floor 1,200‑square‑foot apartment with 2 bedrooms and 1 bath; currently operating as an Airbnb; Restaurant space includes 2,200 square feet on the main level and 2,000 square feet in the basement
