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Turnkey Restaurant with Upstairs Apartment

518 Lincolnway Way La Porte, IN 46350

518 Lincolnway Way, La Porte, IN, 46350
$295,000
For Sale
Claim this Listing
$295,000

COMMERCIAL - Laporte, IN

Property Size5,400 SF
Lot Size0.06 Acres
Price / SF$54.63
AddedAug 20, 2025
Days on Market330
Last RefreshJul 15 at 7:06 pm

Property Features for 518 Lincolnway Way

General Information

Property type
Commercial Sale
Property subtype
Other
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 agent Antje Gehrken License #471002284

Listing office A.R.E. Partners Inc. 111 W JACKSON BLVD Suite 170, Chicago, IN

Listing date Aug 20, 2025

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 building offers a turnkey restaurant setup with an upstairs apartment. The restaurant is fully equipped with a bar and TVs, a 23-tap system, and a commercial kitchen that includes a hood and Ansul fire suppression system. Storage and production are supported by a basement with two large walk-in coolers and a grease trap integrated into the kitchen floor. The main level features two single-use restrooms and kitchen climate control with two split A/C units. Security and fire monitoring systems are already in place. Recent building and equipment improvements include new plumbing and water lines in 2019, a new 200-amp electrical panel in 2018, and a water heater installed in 2019.

Located in downtown La Porte, the property is described as just over an hour from Chicago. The building was originally built in 1900 and blends historic character with modern functionality. Upstairs, the apartment provides additional income potential and is currently operating as an Airbnb.

The space is well suited for an operator seeking a ready-to-run hospitality footprint, or an investor looking for two revenue streams within one property. A new operator will need to obtain a liquor license to continue serving in the restaurant.

Key Highlights

  • Turnkey, fully equipped 54‑seat restaurant with bar, 23‑tap system, and commercial kitchen in downtown La Porte.
  • Mixed‑use property includes a 1,200 sq ft, 2‑bedroom apartment, currently operating as an Airbnb, for additional income.
  • Located in La Porte, recently ranked the 2nd Best Small City in America by USA Today for 2025, indicating strong growth potential.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

FAQs

What type of property is this?
Conventional restaurant - Well-equipped restaurant with an upstairs apartment currently used as an Airbnb, offering diversified income for an owner-operator.
Where is this conventional restaurant 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: Turnkey, fully equipped 54‑seat restaurant with bar, 23‑tap system, and commercial kitchen in downtown La Porte.; Mixed‑use property includes a 1,200 sq ft, 2‑bedroom apartment, currently operating as an Airbnb, for additional income.; Located in La Porte, recently ranked the 2nd Best Small City in America by USA Today for 2025, indicating strong growth potential.
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