0 State Road 10 De Motte, IN 46310
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.