Technical
Financial
Distress signals
Property profile

713 Monroe St La Porte, IN 46350

OFF-MARKET
Retail space
Property ID
US31-1454038
1,840 SF 0.04 ac lot Built 1950
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction WOOD
Total area 1,840 SF
Lot 0.04 ac (1,944 SF)
APN 46-06-35-440-008.000-043
UPID US31-1454038

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

713 Monroe St La Porte, IN 46350
La Porte metro Census 42300 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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