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sales rep | Brivity IDX

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518 Lincolnway Way , LaPorte, IN 46350
$295,000
Est. Payment: $1,603.38/mo
0.06 Acres
Status: contingent | Days on site: 407
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84866 - 187946,99995
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House Description

Escape Chicago Prices - Own a Turnkey Restaurant with upstairs apartment in booming NW Indiana. Looking to expand or relocate your hospitality footprint without the sky-high Chicago overhead? This is your chance to own a beautifully updated 54-seat restaurant in the heart of downtown La Porte, just over an hour from Chicago. This opportunity combines affordable entry, income potential, and major growth upside in one of Northwest Indiana's most promising small-city markets. 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.

Highlights

Listed by Antje Gehrken , 312-339-7655 A.R.E. Partners Inc. , 312-300-7237. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
0.06

Year Built

1900

County

Other

Area

Indiana - LaPorte

Listing ID

12451497

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Interior Features

Air Cond:Central Air
Fireplaces:

Exterior Features

Lot Dimensions:22X118
Principal Interest
$1,603
Taxes
$194

Home Price

$295,000

Loan Details

30 yrs
7.209%

Down Payment

20%
$59,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,603.38

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,603.38 $194.08 $0.00 $1,797.46
Yearly $19,240.54 $2,329.00 $0.00 $21,569.54
Total $577,216.18 $69,870.00 $0.00 $647,086.18
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Master Chief
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Market insight data is pulled from the same city as the listing being viewed (LaPorte, IN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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