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Property profile & analytics

713 Monroe St La Porte, IN 46350

  • Retail space
  • 1,840 SF
  • 0.04 lot acres
OFF-MARKET
Last Sale
Sep 23, 2020
Value Estimations
$265,000
Show details
Cap Rate Potential
6.5%
Retail space
Location Intelligence
Property ID
US31-1454038
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

  • Retail space

Property Details for 713 Monroe St

Year built
1950
Construction
WOOD
Lot size
0.04 lot acres
Property size
1,840 SF
Property type
Retail space
APN
46-06-35-440-008.000-043
APU
460635440008000043

Description

This 1,840 square foot mixed-use building in downtown La Porte, Indiana, presents a unique investment opportunity. Located at 713 Monroe St., this single-story, 1950-built property sits on a 1,933 square foot lot and offers a versatile layout ideal for a restaurant. Recently renovated (approximately five years ago), the space features a large front room perfect for customer seating and a rear room designed for a kitchen, reflecting a previous pizza restaurant build-out. Its prime location in the heart of downtown La Porte places it directly adjacent to the downtown plaza, the central hub for numerous community events including the weekly Farmers Market, Friday Night Lights, food truck events, and cruise-ins. The property also benefits from its proximity to a splash pad park, complete with permanent outdoor seating benches. The building's location enhances its appeal, situated next to a building with a historical mural, offering potential for a complementary mural on its north side. This property benefits from the ongoing revitalization efforts of the City of La Porte and the LaPorte Economic Advancement Partnership, focused on enhancing downtown aesthetics and attracting businesses. The asking price is $250,000. This is a rare chance to own a thriving commercial property in a supportive and growing community.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $270,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $290,000
    6.5%
    $265,000
    7%
    $250,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
La Porte
County
Laporte
State
Indiana
Longitude
-86.7197
Latitude
41.6113
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
$1,928
$13,400
$31,000
$44,400
-
$13,400
$31,000
$44,400
More about this property
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