518 Lincolnway - Storefront Retail/Residential FOR SALE


La Porte, IN 46350
$499,000 USD
219-775-9105
518 Lincolnway, La Porte, IN for Sale
$499,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

518 Lincolnway
La Porte, IN 46350


OVERVIEW

This 54-seat restaurant offers a rare opportunity to own a well-equipped space in downtown La Porte. 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 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. Above the restaurant, 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, a water heater, A/C, and furnace, and includes a washer and dryer.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,300 SF

ZONING

Downtown Core

APN/PARCEL ID

46-06-35-441-003.000-043

ASK ABOUT THIS PROPERTY

Jennifer GaudyCross Property ManagementMore Info
219-775-9105

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Jennifer GaudyCross Property ManagementMore Info
219-775-9105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.