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    Commercial Land with Dual Frontage Title is generated by Realmo AI

    130 E Division, Demotte, IN 46310

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    Zoned B-2 with dual street frontage and city utilities available for flexible downtown commercial development.

    Type:Land, Retail
    Lot size:
    2.97 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 3 at 1:32 pm

    Property Features for 130 E Division

    General Information

    Standard status
    Active
    Lot size
    2.97 Acres
    Property subtype
    Land, Retail

    Building Details

    Year Built
    1908

    We can help!

    Listing Contact
    Olena Savchenko

    Listing agent Olena Savchenko

    Listing office House Hunters Realty, LLC

    Listing date Jun 2, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of House Hunters Realty, LLC

    HighLights

    • 2.97‑acre downtown commercial site in DeMotte, IN, zoned B‑2 for flexible commercial use
    • Dual street frontage with approx. 109 ft on Halleck St/U.S. 231 and approx. 397 ft on Division St
    • Two points of ingress/egress provided for access from multiple directions
    • City water and sewer utilities available on‑site
    • Residential structure requiring removal is included in the sale
    • Includes certain building deed restrictions; review attachment

    Overview

    This 2.97-acre commercial land opportunity in DeMotte, Indiana is zoned B-2 and includes a residential structure that will need to be removed. The site offers two points of ingress and egress, with approximately 109 feet of frontage along Halleck Street/U.S. 231 and approximately 397 feet of frontage along Division Street, supporting access from multiple directions. Please review the included attachment for certain build deed restrictions.

    Located in the downtown business district on one of DeMotte’s most visible and heavily traveled corridors, the property is positioned near local community amenities. It is described as being just minutes from Town Hall, the public park, and the community pool, and a national branded store is noted as anchoring the nearby corner.

    For buyers and developers, the combination of B-2 zoning, substantial frontage, and available city water and sewer utilities provides a practical foundation for a range of commercial concepts, including retail, office, and service-based uses. The presence of the existing structure to be removed should be considered when planning site work and development timing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Demotte
    County
    Jasper
    State
    Indiana
    Longitude
    -87.196892
    Latitude
    41.202159

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    FAQs

    What type of property is this?
    Commercial land - Zoned B-2 with dual street frontage and city utilities available for flexible downtown commercial development.
    Where is this commercial land located?
    The property is located at 130 E Division Demotte, IN.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 2.97‑acre downtown commercial site in DeMotte, IN, zoned B‑2 for flexible commercial use; Dual street frontage with approx. 109 ft on Halleck St/U.S. 231 and approx. 397 ft on Division St; Two points of ingress/egress provided for access from multiple directions
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Olena Savchenko
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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