Listing provided courtesy of A.R.E. Partners Inc.Northwest Indiana MLSas Distributed by MLSGrid- MLS# 826471MLS Provider

518 LincolnwayLa Porte, IN 46350

Commercial · 5,800 Sq. ft. | 0.05 Acres
$295,000 Active

518 Lincolnway Overview

Time on Site:
312 days
Visits:
0

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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518 Lincolnway Facts & Features

  • Type Commercial
  • Sq. ft. 5,800
  • Price/Sq.ft. $51
  • Lot 0.05 Acres

Details

General

Association/HOA

  • Common Interest: None

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: La Porte
  • Subdivision Name: Jacob Shinitsky
  • Township: Center

Tax Information

  • Tax Annual Amount: 2329
  • Tax Year: 2023

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 460635441003000043
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Building Interior

  • Building Area Source: Public Records

General Information

  • Building Features: Mixed Use
  • Electric: 200+ Amp Service
  • Heating: Forced Air
  • Laundry Features: Upper Level
  • Living Area: 5800

Exterior

Parking Information

  • Parking Features: On Street
  • Parking Total: 0

Lot Information

  • Additional Parcels: false
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 2300
  • Water Source: Public

Waterfront/View

  • View: City
  • Waterfront: false

General Information

  • Exterior Features: None
  • Sewer: Public Sewer
  • Utilities: Cable Available,Water Connected,Sewer Connected,Natural Gas Connected,Electricity Connected

518 Lincolnway Neighborhood

Community

46350 (LaPorte) Demographics

41
Median Age
219
Population Density (per sq. mile)
31%
College Educated
$59,641
Estimated Median Income
13,410
Estimated Total Home Owners
4,300
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

518 Lincolnway Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

518 Lincolnway Market Data

Based on the last 30 days in this zip code

$414,750
Average List Price
$188
Average Price per Square Foot
35
Properties Sold
86
Average Days on Market
190
Properties for Sale
Calculations provided by Reliance Network

518 Lincolnway History

Date Event Value Agent
6/3/2026Source: Northwest Indiana MLS Price Reduction
$295,000 -15.7%
2/4/2026Source: Northwest Indiana MLS Price Reduction
$349,900 -12.5%
8/22/2025Source: Northwest Indiana MLS Added to Database
August 22, 2025