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518 Lincolnway, La Porte, IN 46350
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$399,900
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Home Details for 518 Lincolnway
Price
$399,900
Type
Commercial/Industrial
Year Build
1900
Sq. Ft.
5800
Lot Size
0.0528
County
La Porte
Basement
Full, Storage Space, Unfinished
Tax
$2,329
MLS®️ Listing#
826471
On exitrealty.com
157 days
Property 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.
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- Utilities
- Cable Available
- Water Connected
- Sewer Connected
- Natural Gas Connected
- Electricity Connected
- Basement
- Full
- Storage Space
- Unfinished
- Cooling Information
- Central Air
- Heating Information
- Forced Air
- Water Features
- Public
- Parking
- On Street
Listing Courtesy: A.R.E. Partners Inc. - 219-392-9700. Presented by: Antje Gehrken
Last Updated: 2025-09-08 12:15:35
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Market statistics compiled from data from Greater Northwest Indiana Association of Realtors.
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$399,900
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EXIT STRATEGY REALTY
833 Lincoln Highway #410 E-5, Schererville, IN 43675