616 15th Street SE, DeMotte, IN 46310

$299,900

Property Type: Commercial Sale Square Footage: 2,696 Lot Size (sq. ft.): 13,286 Status: Active

Current Price: $299,900 List Date: 8/25/2026 Last Modified: 8/25/2026

Overview

Description

The buyer's loan was denied! Here is your second chance. Unlock the potential of this versatile mixed-use commercial property. Formerly home to both a successful restaurant and retail business, this spacious open-concept building offer endless possibilities for a variety of commercial ventures. The flexible floor plan can easily accommodate retail, restaurant, office, showroom, or service-based businesses. Ample on-site parking provides convenience for customers and employees alike, while the highly adaptable layout makes it easy to customize the space to fit your vision. Whether you're expanding an existing business or launching a new opportunity, this property offers the location, space and flexibility to help your business thrive. A/C unit is approx 5 years old. Furnace age unknown. Water heater has date of 2024. Electrical panel is newer. Roof is approx. 10 years old.

Listing Details MLS# 842393

General Property Information

Number Of Units Total: Yes
Living Area: 2696
Building Area Source: Assessor
Year Built: 1958
Parking Total: 18
Lot Size Acres: 0.305
Lot Size Square Feet: 13286
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No
Stories: Yes

Property Features

Appliances: Gas Water Heater; Other Building Features: Exterior Lighting; Mixed Use; Public Restrooms Business Type: Medical; Mixed; Professional/Office; Restaurant; Retail Construction Materials: Brick; Vinyl Siding Cooling: Central Air Current Use: Vacant Electric: 200+ Amp Service Exterior Features: Lighting Flooring: Carpet; Concrete; Tile Heating: Forced Air; Natural Gas Interior Features: High Ceilings; Kitchen Island; Laminate Counters; Open Floorplan Listing Terms: Cash; Conventional Lock Box Information: SentriLock Lot Features: Corner Lot; Paved Owner Pays: All Utilities; Insurance; Taxes Parking Features: Asphalt Possession: Close Of Escrow Possible Use: Commercial; Investment; Medical/Dental; Mixed Use; Office; Place of Worship; Retail; Vacant Rail Availability: None Roof: Shingle Sewer: Public Sewer Special Licenses: None Special Listing Conditions: None Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 299900
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: Yes
Occupant Type: Vacant

Location Tax and Legal

Street Number: 616
Street Name: 15th
Street Suffix: Street
Street Direction Suffix: SE
County: Jasper
State: IN
Postal Code: 46310

Remarks and Miscellaneous

Public Remarks: The buyer's loan was denied! Here is your second chance. Unlock the potential of this versatile mixed-use commercial property. Formerly home to both a successful restaurant and retail business, this spacious open-concept building offer endless possibilities for a variety of commercial ventures. The flexible floor plan can easily accommodate retail, restaurant, office, showroom, or service-based businesses. Ample on-site parking provides convenience for customers and employees alike, while the highly adaptable layout makes it easy to customize the space to fit your vision. Whether you're expanding an existing business or launching a new opportunity, this property offers the location, space and flexibility to help your business thrive. A/C unit is approx 5 years old. Furnace age unknown. Water heater has date of 2024. Electrical panel is newer. Roof is approx. 10 years old.
Exclusions: None

Status Change Information

Major Change Timestamp: 2026-08-25T16:41:56Z
Major Change Type: Back on Market
Status Change Timestamp: 2026-08-25
Back on Market Date: 2026-08-25

More Information

Building Features

Number of Offices: 2
Office SqFt: 2696
Exterior Lighting: Yes
Mixed Use: Yes
Public Restrooms: Yes

Exemption Information

Exemption YN: No

Income and Expenses

Electric Expense: 204.28
Insurance Expense: 1530
Sewer Expense: 90.5
Water Expense: 90.5
Cable TV Expense: 0
Cap Rate: 0
Fuel Expense: 0
Gardener Expense: 0
Gross Income: 0
Gross Scheduled Income: 0
Licenses Expense: 0
Maintenance Expense: 0
Manager Expense: 0
Net Operating Income: 0
New Taxes Expense: 0
Operating Expense: 0
Other Expense: 0
Pest Control Expense: 0
Pool Expense: 0
Professional Management Expense: 0
Supplies Expense: 0
Total Actual Rent: 0
Trash Expense: 0

Showing Requirements

Showing Instructions: Short notice is fine. Vacant. Lockbox is on the back door.

Location, Tax, and Legal

Tax Annual Amount: 1580
Tax Year: 2025
Tax Legal Description: PT E PT SE SW 26 32 7, .305A
Parcel Number: 371526000036000025
Additional Parcels YN: No
Township: Keener
Directions: From 2 & 231 to south into DeMotte and follow 231 thru town to the curve. Follow the curve to 15th St. Building is on the corner of 15th St/St Rd 10 and Forsythia St
Cross Street: Forsythia St.
Census Tract: 1009.02

Appliances

Gas Water Heater: Yes
Other: Yes

Construction Materials

Brick: Yes
Vinyl Siding: Yes

Cooling

Central Air: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Lighting: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

High Ceilings: Yes
Kitchen Island: Yes
Laminate Counters: Yes
Open Floorplan: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lock Box Information

SentriLock: Yes

Lot Features

Corner Lot: Yes
Paved: Yes

Parking Features

Asphalt: Yes

Possession

Close Of Escrow: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

City: Yes

Water Source

Public: Yes

Owner Pays

All Utilities: Yes
Insurance: Yes
Taxes: Yes

Tenant Pays

None: Yes

Current Use

Vacant: Yes

Possible Use

Commercial: Yes
Investment: Yes
Medical/Dental: Yes
Mixed Use: Yes
Office: Yes
Place of Worship: Yes
Retail: Yes
Vacant: Yes

Business Type

Medical: Yes
Mixed: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes

Rail Availability

None: Yes

Special Licenses

None: Yes

Listing Office: Countryside Realty

Last Updated: August - 25 - 2026

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