Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Duplex on Half Acre Title is generated by Realmo AI

    70118 US-131, White Pigeon, MI 49099

    View on Map
    Claim this Listing
    For Sale
    $251,800

    Fully renovated duplex with historical significance on a half-acre lot.

    Type:Investment
    Lot size:
    0.59 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    184
    Last Refresh:
    May 10 at 10:04 pm

    Property Features for 70118 US-131

    General Information

    Standard status
    Active
    Lot size
    0.59 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1964

    We can help!

    Listing Contact
    Dallas Barkman

    Listing agent Dallas Barkman License #RB14045690

    Listing office Century 21 Affiliated

    Listing date Nov 27, 2025

    Source Elliman

    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 Century 21 Affiliated

    HighLights

    • Fully renovated duplex offering immediate rental income potential.
    • New roof, siding, windows, cabinets, solid surface countertops, and ceramic tile showers & flooring.
    • Large 1/2 acre lot.
    • Two‑door duplex configuration.
    • Unique historical significance as the former foreman's home for the Indiana Toll Road construction project and later a hotel.
    • Built in 1964.

    Overview

    This is a fully renovated two-door duplex situated on a half-acre lot. Updates include a new roof, siding, windows, cabinets, solid surface countertops, and ceramic tile showers and flooring. The property has a history, having once served as the foreman's home for the Indiana Toll Road construction project and later as a hotel. This updated property offers potential for residential income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    White Pigeon
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.6628
    Latitude
    41.7757

    Nearby Similar for Sale

    • $270,000

      Well-Maintained Tri-Plex in White Pigeon

      Tri-plex with rental income potential near schools and amenities.
      505 E Chicago Road, White Pigeon, MI 49099
      View Details
    • $1,592,000
      9,100 SF

      Dollar General in White Pigeon

      Freestanding Dollar General in White Pigeon, MI for sale.
      10305 US HWY 12, White Pigeon, MI 49099
      View Details
    • $432,000

      Income Property in White Pigeon

      Well-maintained 7-unit property with recent renovations and strong rental history.
      200 E Chicago Road, White Pigeon, MI 49099
      View Details
    • $251,800

      Renovated Duplex on Half Acre

      Updated duplex with modern amenities on a spacious lot.
      70118 US-131, White Pigeon, MI 49099
      View Details
    • $261,700
      25,700 SF

      Renovated Duplex on Half Acre

      Updated duplex with modern amenities on a spacious lot.
      70118 Highway 131, White Pigeon, MI 49099
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully renovated duplex with historical significance on a half-acre lot.
    Where is this duplex located?
    The property is located at 70118 US-131 White Pigeon, MI.
    What is the asking price?
    The asking price for this property is $251,800.
    What are key features of this property?
    This property features: Fully renovated duplex offering immediate rental income potential.; New roof, siding, windows, cabinets, solid surface countertops, and ceramic tile showers & flooring.; Large 1/2 acre lot.
    (574) 202-4352
    We can help!
    Listing Contact
    Dallas Barkman
    Real Estate License ID: RB14045690
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    70118 US-131, MottvilleTownship_StJoseph, MI 49099
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!