The results of heat capacity C_p(T, H) and electrical resistivity rho(T,H) measurements down to 0.35 K as well as muon spin relaxation and rotation (muSR) measurements on a noncentrosymmetric superconductor LaIrSi3 are presented. Powder neutron diffraction confirmed the reported noncentrosymmetric body-centered tetragonal BaNiSn3-type structure (space group I4,mm) of LaIrSi3. The bulk superconductivity is observed below T_c = 0.72(1) K. The intrinsic Delta C_e/gamma_n T_c = 1.09(3) is significantly smaller than the BCS value of 1.43, and this reduction is accounted by the alpha-model of BCS superconductivity. The analysis of the superconducting state C_e(T) data by the single-band alpha-model indicates a moderately anisotropic order parameter with the s-wave gap Delta(0)/k_B T_c = 1.54(2) which is lower than the BCS value of 1.764. Our estimates of various normal and superconducting state parameters indicate a weakly coupled electron-phonon driven type-I s-wave superconductivity in LaIrSi3. The muSR results also confirm the conventional type-I superconductivity in LaIrSi3 with a preserved time reversal symmetry and hence a singlet pairing superconducting ground state.