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Property profile & analytics
OFF-MARKET
Commercial land

507 Halleck St Demotte, IN 46310-9553

0.17 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-1590627
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.17 ac (7,405 SF)
Zoning code BUFF
APN 37-15-23-000-040.000-025
UPID US31-1590627
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JnJ.Sale Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
507 N Halleck St LLC · 1 yrs held
507 N Halleck St LLC
since 2025
2 recorded transactions
2025
Price N/A
2021
Price N/A
Zoning & alternative use
BUFF · Demotte, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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