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Property profile & analytics
OFF-MARKET
Retail space

821 Halleck St Demotte, IN 46310

8,723 SF 0.16 ac lot Built 1953
Individually Owned Absentee Owner Free & Clear
Property ID
US31-1996092
Property summary
AI-generated overview

This exceptional retail property at 821 S Halleck Street in DeMotte, Indiana, presents a unique investment opportunity. Boasting over 6200 square feet of interior space, this building is prominently situated in the heart of Old Town DeMotte, enjoying high visibility with 50 feet of road frontage and four large display windows (12.5 feet wide each) flanking the double front doors. Currently operating as a vintage furniture boutique, the property offers the flexibility to continue this established business, including the option to retain existing inventory, or to completely renovate and adapt the space to suit a new venture. The building's central location in a growing community makes it ideal for a wide range of businesses. The possibilities are extensive, from continuing the existing retail operation to subdividing the space into individual office suites or establishing a café. The property features a large basement with cement floors and 7-foot ceilings, accessible via two stairwells – one public stairway in the main showroom and a private employee stairway in the rear. Two bathrooms are conveniently located on the main level. Ample parking is available directly in front of the building, supplemented by a public parking lot at the end of the adjacent strip mall. The building also benefits from a back alleyway entry, perfect for convenient inventory delivery and handling. The double front doors are handicap accessible. The property is zoned for business use and represents a significant opportunity in a thriving Indiana town. Inquire with the DeMotte Town Hall regarding potential for subdividing the space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1953
Construction WOOD
Total area 8,723 SF
Lot 0.16 ac (6,970 SF)
Zoning code BUFF
APN 37-15-26-002-002.017-025
UPID US31-1996092
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
  • DeMotte Mercantile and Sell-It-Again since 1910 Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
NATHAN LAGEVEEN
NATHAN LAGEVEEN
Zoning & alternative use
BUFF · Demotte, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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