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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 910-5022

$ 295,000

Est. payment -/mo

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Price Dropped by $54K

518 Lincolnway WAY Laporte, IN 46350

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12451497

Year Built 1900

Annual Tax Amount $2,329

Tax Year 2023

Lot Dimensions 22X118

Property Sub-Type Mixed Use

Property 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.

Location

State IN

County Other

Area Indiana - Laporte

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

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

Nearby School & Business

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MY BLOGS

Vacant Land Scams are REAL

My Recent Experience with an Unauthorised Land Seller About 6 months ago, I received an email from (let's call him) Charlie. A "nothing out of the ordinary" email from a common (and mildly validating) charlie.....@hotmail stating: "I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell the lot. If you could please provide me with a market valuation, that would be great. We are looking to make a quick decision on this. Thank you, Charlie"

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slowly nearing college graduation and my older girls working hard in their careers, the days of simple life are taken over by group texts and long-distance daily check-ins. It's just not the same.

less is more, unless, it's for less.

Each day, I'd get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds frantically starring at the time ticking away. All ready but just need to ...find ....one matching sock.

Contact Us

Phone

+1(847) 910-5022

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL, 60005, USA