507 Halleck St Demotte, IN 46310-9553
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.
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JnJ.Sale Home Decor Store Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
BUFF · Demotte, INDemotte. Always verify with local authorities before improvements.
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.