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    Property profile & analytics

    410 Pne Lk Ave La Porte, IN 46350-2304

    • Turn key restaurants
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-3143847
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bruno Enterprises Inc / Food Service / Food And Drink
    • Red Carpet Liquor / Liquor Store

    Property Details for 410 Pne Lk Ave

    Year built
    1997
    Lot size
    0.20 lot acres
    Property type
    Turn key restaurants
    APN
    46-06-35-109-013.000-043
    APU
    460635109013000043

    Description

    This exceptional mixed-use property in La Porte, Indiana, presents a compelling investment opportunity. Located at 410 Pine Lake Ave, this 8,000 square foot building sits on a 24,436 square foot lot and boasts six units: three commercial spaces and three residential apartments. All units are currently 100% occupied, generating a substantial pro-forma NOI of $93,000 and a pro-forma cap rate of 10.33%. The asking price is $900,000, translating to $112.50 per square foot. Built in 2001 and extensively renovated between 2023 and 2024, the property features a new roof and siding, updated decks, and completely renovated apartments with new plumbing, electrical, HVAC, flooring, bathrooms, and kitchens. Each apartment includes an open-concept layout, granite countertops, stainless steel appliances, and in-unit washer/dryer hookups. The commercial spaces are leased to a single tenant under a new 3-year lease. Residential units are on 1-year leases. The property includes 12 parking spaces and is zoned B2. Separate utility meters for each unit ensure efficient tenant responsibility for utilities. This turnkey investment offers a strong cash flow and significant upside potential. The property's prime location on Pine Lake Ave provides excellent visibility and accessibility. All units have private exterior entrances. The APN is 460635101002000043.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    Laporte
    State
    Indiana
    Longitude
    -86.7333
    Latitude
    41.6175
    CBSA code
    33140
    CBSA name
    MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,262
    $36,000
    $2,400
    $38,400
    -
    $36,000
    $2,400
    $38,400

    Comparable in this City

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    La Porte, IN 46350-2304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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