1505 Lincolnway La Porte, IN 46350
- Strip malls
- 15,400 SF
- 1.30 lot acres
Current Use by Public Records
- Marco's Pizza / Pizza Restaurant / Takeout Restaurant
- Wok & Roll / Chinese Restaurant
Property Details for 1505 Lincolnway
- Year built
- 1969
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.30 lot acres
- Property size
- 15,400 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 46-06-35-453-003.000-043
- APU
- 460635453003000043
Description
This exceptional 13,936 square foot retail property at 1505 Lincolnway, LaPorte, IN, presents a unique leasing opportunity. The property features a prime location with high visibility and heavy foot traffic, ensuring maximum exposure for your business. Ample on-site parking with 103 spaces caters to customer convenience. The flexible layout offers versatile retail space, divisible into units ranging from 1,770 to 6,398 contiguous square feet, accommodating a variety of business needs. Currently, 10,966 square feet is available for lease. The modern architecture and well-maintained exterior create an inviting atmosphere. Large windows provide abundant natural light within the spacious interior. This property sits on a 1.34-acre lot and benefits from its proximity to popular attractions and residential areas, ensuring a strong customer base. This is a prime opportunity for businesses seeking to establish or expand their presence in the thriving LaPorte market. The building's design and location offer an exceptional opportunity to attract customers and build a successful business. This is an ideal location for businesses seeking high visibility and convenient access for their customers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $485,000
- 7%
- $540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $485,000
- Geo Method
- $465,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $495,000
- Mixed-Use
- $515,000
- Hospitality
- $410,000
- Educational
- $545,000
- Residential Income
- $440,000
- Energy
- $550,000
- Income-Based Land
- $430,000
- Food Service
- $565,000
Location Insight
- Map
- Local Demand
- City
- La Porte
- County
- Laporte
- State
- Indiana
- Longitude
- -86.7287
- Latitude
- 41.6079
- CBSA code
- 33140
- CBSA name
- MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
