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117 8th Ave NE

22.25 Acres of Commercial Land Offered at $2,321,847 CAD in Demotte, IN 46310

Investment Highlights

  • All utilities are available at the site and property is zoned B-2 General Business District

Executive Summary

22.253 acres of land located on the north end of the Town of Demotte with 381' of frontage on State Highway 231 and 1338' of frontage on 8th Avenue. All utilities are available at the site and property is zoned B-2 General Business District. The existing buildings are not usable and will need to be demolished.
According to Flood Insurance Rate Maps, approximately 3.737 acres along the front portion of the site carries a Zone X classification indicating that portion of the property is determined to be outside the 0.2% annual chance floodplain. The remaining 18.816 acres is classified as Zone A, special flood hazard.
According to the US Department of Fish & Wildlife Wetland Mapper web site, the parcel does not contain any designated wetlands. Buyer to confirm.

Property Facts

Price $2,321,847 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Hospitality
  • Self Storage
  • Agricultural
Total Lot Size 22.25 AC

1 Lot Available

Lot

Price $2,321,847 CAD
Price Per AC $104,353 CAD
Lot Size 22.25 AC

Nearly flat, currently used as residential and farmland

Description

Excellent visibility. North end of the town of Demotte. Transitional land.

zoning

Zoning Code B-2 (General Business District)
B-2 (General Business District)
  • Listing ID: 27587836

  • Date on Market: 2023-01-25

  • Last Updated:

  • Address: 117 8th Ave NE, Demotte, IN 46310

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