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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

400 Truesdell Ave La Porte, IN 46350

5,172 SF Built 2021
Property ID
Property summary
AI-generated overview

This exceptional 5,172 square foot restaurant space is located within the vibrant NewPorte Landing mixed-use development in La Porte, Indiana. Built in 2021, this Class A property boasts a single-tenant occupancy and features impressive 23-foot ceilings. The space is situated in a thriving commercial area, surrounded by established businesses including Kroger, Tractor Supply, Dunkin' Donuts, and Starbucks, with an Aldi and a new YMCA planned for the near future. The development itself is a significant investment, with 200 luxury apartments already completed, and a proposed Phase 2 expansion including another 200 apartments and an additional 3,500-5,000 square feet of retail space. This presents a unique opportunity for a restaurant operator to establish a presence in a rapidly growing and highly desirable location. The property is zoned for Commercial Retail use and is located at 400 Truesdell Ave, La Porte, IN 46350, within the Michigan City and Valparaiso submarket of LaPorte County. The building is a single story structure. This is a truly remarkable opportunity to be part of a dynamic and expanding community. The high ceilings and prime location offer significant potential for a successful and thriving business.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2021
Total area 5,172 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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