518 Lincolnway, La Porte, IN 46350
Jacob Shinitsky · La Porte County
Key Facts
Description
Mixed use building with 54-seat restaurant offers a rare opportunity to own a well-equipped space in downtown La Porte, a city recently ranked the 2nd Best Small City in America by USA Today for 2025. This recognition underscores La Porte's vibrant community, historic charm, and growing economic momentum. Originally built in 1900, the property blends historic charm with modern functionality, making it ideal for an owner-operator or investor looking to step into an established setting. The restaurant is fully equipped with a bar and TVs, a 23-tap system (beer, wine, and nitro beer), and a commercial kitchen that includes a hood and Ansul system. The basement features two large walk-in coolers (7.5'x14' for beer and 7.5'x20' for food storage), along with a grease trap integrated into the kitchen floor. New operator will need to obtain liquor license. Security and fire monitoring systems are already in place. The main floor spans 2,200 square feet, with an additional 2,000 square feet in the basement, offering ample storage and prep space. The restaurant has two single-use restrooms and a kitchen outfitted with two split A/C units for climate control. Major system updates include new plumbing and water lines in 2019, a new 200-amp electrical panel in 2018, and a water heater installed in 2019. Upstairs is a 1,200-square-foot, 2-bedroom, 1-bath apartment provides additional income potential and is currently operating as an Airbnb. The unit was updated in 2019 with new appliances, hot water heater, A/C, and furnace. Includes a washer and dryer.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1900
Stories
2
Living Area
5,800 sq ft
Lot Size
0.05 acres
Days on Market
287
MLS® Listing#
826471
Property Features
Exterior
Cooling
Heating
Basement
Parking
Laundry
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$2,329
Tax year 2023
Parcel Number
460635441003000043
Directions
US-35 to Lincolnway in La Porte, east to property.
Affordability Calculator
$59,000
Estimated monthly payment
$1,570/mo
Principal $236,000 · Est. interest $329,241 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in La Porte, IN
- $372,000
- Median Listing Price
- 52
- Median Days on Market
- 2,188
- Median Sq Ft
- $158
- Median Price / Sq Ft
- 116
- Active Listings
- This home’s price is 21% below the area median.
- Its price per sq ft is 68% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in La Porte, IN.
Location
Points of Interest in La Porte, IN
Showing the La Porte area map.
Nearby Schools
Lincoln Elementary School
Elementary · 0.2 mi away
La Porte Community School Corporation
School · 0.4 mi away
Boston Middle School
Elementary · 0.4 mi away
First United Methodist Church
Elementary · 0.4 mi away
Maple City Montessori School
Elementary · 0.5 mi away
Riley Elementary School
Elementary · 0.8 mi away
Laporte High School
Secondary · 0.9 mi away
Hailmann Elementary School
Elementary · 0.9 mi away
St John's Lutheran Church
School · 1.0 mi away
Handley Elementary School
Elementary · 1.0 mi away
Kesling Intermediate School
Secondary · 1.6 mi away
La Porte Middle School
Secondary · 1.6 mi away
Door Prairie Christian
School · 2.1 mi away
Crichfield Elementary School
Elementary · 3.1 mi away
Noah's Ark Preschool
Elementary · 3.8 mi away
Kingsbury Elementary School
Elementary · 4.5 mi away
Renaissance Academy
Elementary · 6.2 mi away
La Lumiere School
Elementary · 6.5 mi away
Blessed Beginnings Preschool
School · 6.7 mi away
Indian Trail Elementary School
Elementary · 6.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1638 Stone Lake Drive, La Porte, IN | $209,000 | 3 | 3 | 1,424 |
| 1985 N Pioneer Road, La Porte, IN | $210,000 | 3 | 2 | 1,614 |
| 00 N State Road 39, La Porte, IN | $216,585 | — | — | — |
| 225 Holton Road, La Porte, IN | $219,000 | 2 | 2 | 1,676 |
| 205 Noble Street, La Porte, IN | $220,000 | 5 | 2 | 2,452 |
| 2223 W Oak Street, La Porte, IN | $222,000 | 3 | 3 | 1,617 |
Moving Cost Estimate
EXIT Agents in La Porte
Listing Courtesy: A.R.E. Partners Inc. - 2193929700
Presented by: Antje Gehrken
Last Updated: 2025-08-20