518 Lincolnway, La Porte, IN 46350
518 Lincolnway, La Porte, IN 46350
518 Lincolnway, La Porte, IN 46350
518 Lincolnway, La Porte, IN 46350
518 Lincolnway, La Porte, IN 46350
518 Lincolnway, La Porte, IN 46350
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Monica Rivers

Monica Rivers

+1(765) 543-1853
$ 295,000
Est. payment | /mo

5,800 SqFt

Save
$ 295,000
Est. payment | /mo
Save

5,800 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,800 sqft

Price per Sqft $50

Subdivision Jacob Shinitsky

MLS Listing ID 826471

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,329

Tax Year 2023

Lot Size 2,299 Sqft

Acres 0.0528

Property Sub-Type Mixed Use

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.

Location

State IN

County La Porte

Rooms

Basement Full, Unfinished, Storage Space

Interior

Heating Forced Air

Fireplace N

Exterior

Exterior Feature None

Parking Features On Street

View Y/N true

View City

Building

Sewer Public Sewer

Water Public

Others

Tax ID 460635441003000043

Acceptable Financing NRA20250820194915551309000000

Listing Terms NRA20250820194915551309000000

Listed by A.R.E. Partners Inc. • Antje Gehrken

Nearby Locations

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Monica Rivers
Monica Rivers

REALTOR® | St. Joseph, Elkhart County RB 24001986

+1(765) 543-1853 | monica@brickbuiltre.com

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518 Lincolnway