Mixed-Use Restaurant
For Sale
$295,000
518 Lincolnway Way, La Porte, IN 46350
Commercial Sale, Laporte, IN
Property SizeContact for details
Lot Size0.06 Acres
Days on Market376
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
APN
460635441003000043
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2329
Utilities
Cooling system
Central Air
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: Aug 20
Last Checked: Aug 30 at 7:06AM
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 combines a restaurant operation with an upstairs residential unit in a building constructed in 1900. The main level contains a 2,200-square-foot, 54-seat restaurant with a bar, TVs, 23-tap system, commercial kitchen hood, Ansul system, grease trap, and two single-use restrooms. The basement adds 2,000 square feet of storage and preparation space, including two walk-in coolers measuring 7.5'x14' and 7.5'x20'.
The upper level includes a 1,200-square-foot apartment with 2 bedrooms and 1 bath; the unit is currently operating as an Airbnb. Restaurant infrastructure includes new plumbing and water lines installed in 2019, a 200-amp electrical panel added in 2018, and a water heater installed in 2019. The apartment received new appliances, hot water heater, A/C, and furnace in 2019, and includes a washer and dryer. Security and fire monitoring systems are in place. The property is located in downtown Laporte at 518 Lincolnway Way.
The upper level includes a 1,200-square-foot apartment with 2 bedrooms and 1 bath; the unit is currently operating as an Airbnb. Restaurant infrastructure includes new plumbing and water lines installed in 2019, a 200-amp electrical panel added in 2018, and a water heater installed in 2019. The apartment received new appliances, hot water heater, A/C, and furnace in 2019, and includes a washer and dryer. Security and fire monitoring systems are in place. The property is located in downtown Laporte at 518 Lincolnway Way.
Key Highlights
- 54‑seat restaurant with bar, TVs, and 23‑tap system
- 2,200‑square‑foot main floor plus 2,000‑square‑foot basement
- 1,200‑square‑foot upstairs apartment with 2 bedrooms and 1 bath
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated dining operation with an upstairs apartment and commercial kitchen infrastructure.
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 bar, TVs, and 23‑tap system; 2,200‑square‑foot main floor plus 2,000‑square‑foot basement; 1,200‑square‑foot upstairs apartment with 2 bedrooms and 1 bath
