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    State Road 10 De Motte, IN 46310

    Sponsored
    For Sale
    $2,495,500

    115 Acres, Zoned Residential, $2.49M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 115-acre parcel in De Motte, Indiana, presents a unique opportunity for residential development. Located on State Road 10 in Newton County, this property boasts a desirable residential zoning designation, making it ideal for single-family or multi-family housing projects. The land itself features interesting contours and a tree-lined ridge, offering attractive building sites with natural beauty. Currently, portions of the land are being farmed, showcasing its fertile potential. The property's strategic location offers convenient access to amenities while maintaining a peaceful, rural setting. A significant advantage is the proximity to the county sewer system; the county is actively planning to extend the line to the property's edge, streamlining infrastructure development for future projects. The asking price is $2,495,500, translating to an attractive price per acre of $21,700. Detailed brochures are available for review, showcasing adjacent governmental and commercially zoned properties, which may present additional investment opportunities. This substantial landholding offers significant potential for developers seeking a prime location for residential construction in a growing area. The property's size and zoning make it a highly attractive investment for large-scale residential development. Don't miss this chance to acquire a substantial tract of land with exceptional development potential.

    Property Features for 0 State Road 10

    General Information

    Property type
    Land
    Lot Size
    5,009,400 SF

    HighLights

    • $2,495,500 asking price for 115 acres of land.
    • Residential zoning.
    • $21,700 per acre land value.
    • Located on State Road 10, De Motte, IN 46310, Newton County.
    • Suitable for single‑family or multi‑family residential development.
    • County sewer system nearby with planned extension to property line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    De Motte
    County
    Newton
    State
    Indiana
    Longitude
    -87.291766
    Latitude
    41.14293

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    FAQs

    What type of property is this?
    Land - 115 Acres, Zoned Residential, $2.49M
    Where is this land located?
    The property is located at State Road 10 De Motte, IN.
    What is the asking price?
    The asking price for this property is $2,495,500.
    What are key features of this property?
    This property features: $2,495,500 asking price for 115 acres of land.; Residential zoning.; $21,700 per acre land value.
    Request Owner's contact information
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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
    State Road 10 De Motte, IN 46310
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