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    507 Halleck St DeMotte, IN 46310

    For Sale
    $575,000

    Prime Retail Space, Two Units, Ample Parking

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 8800+ square foot commercial building presents a rare opportunity in DeMotte, Indiana. Situated on a 0.92-acre lot at a high-traffic corner location within a busy commercial strip mall, this property offers unparalleled visibility for any business. Currently divided into two vacant units, this allows for complete customization to suit diverse needs. The northern unit, previously used for retail, features a spacious 40 x 29 foot showroom, two large storage rooms, an office, bathroom, and break room. The southern unit, formerly a chocolate factory and restaurant, includes a substantial 60 x 60 foot dining area with a fully equipped kitchen (equipment negotiable), two public restrooms, a private restroom with laundry room, three offices, a loading dock, and multiple storage and prep areas. A significant advantage is an automated conveyor system providing easy access to a large basement storage area. Further enhancing the property's versatility, a ground-level garage door in the rear provides access to the basement, previously utilized as rentable storage space. The abundance of parking spaces significantly surpasses the typical availability in DeMotte, making this property exceptionally attractive. Ideal for restaurants, retail ventures, or medical offices, this property offers a unique blend of space, location, and amenities. Priced at $575,000.

    Property Features for 507 Halleck St

    General Information

    Property type
    Retail properties
    Lot Size
    40,075 SF

    Building Details

    Year Built
    1961
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JnJ.Sale Home Goods Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    DeMotte
    County
    Jasper
    State
    Indiana
    Longitude
    -87.19829
    Latitude
    41.20727

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Two Units, Ample Parking
    Where is this retail property located?
    The property is located at 507 Halleck St DeMotte, IN.
    What is the asking price?
    The asking price for this property is $575,000.
    Request Owner's contact information
    507 Halleck St DeMotte, IN 46310
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Halleck St DeMotte, IN 46310
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