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    1001 S E St Richmond, IN 47374

    New
    For Sale
    $279,900

    Commercial Building - Richmond, IN

    Property size:
    4,367 SF
    Lot size:
    0.27 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1001 S E St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Basement, Kitchen
    APN
    See Included Prop Cards
    Parking features
    Garage
    Basement Y/N
    1
    Size
    4,367 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1973
    Year renovated
    1973
    Building materials
    Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other

    Ryan Cate Auctions & Real Estate LLC (765) 960-5708

    Listing agent Ryan Cate (765) 960-5708

    Listing date Dec 4, 2025

    MLS# 11552661 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building in Richmond, IN

    This commercial property, located in the heart of Richmond's Southeast side, offers options for retail, rentals, personal use, and investment. The property includes two storefront retail suites and two apartments upstairs, each with separate entrances. These apartments have been consistently leased. Additional storage, workshop spaces, and offices are also available. The property is being sold with the connecting property at 509 South 10th Street. A successful business operated here for many years. The 2024 utility expenses are as follows: for 1001 S. E, electric was $771, water was $360, and gas was $663; for 1001 1/2 S. E, electric was $1550, water was $312, and gas was $726; for 503 S. 10th, electric was $913 and gas was $521; and for 509 S. 10th, electric was $935. Water for 503 is connected to 1001, and water for 509 is connected to 1001 1/2. The property has a lot size of 0.27 acres and a building size of 4367 square feet. The zoning is 200.
    Location Intelligence

    Current Use by Public Records

    Signgrafx Sign Shop Tri-County Awards Trophy Shop The Inn Zone Bar A1 Lock & Safe ... Locksmith

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jack Daggy Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.888426
    Latitude
    39.821437

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    FAQs

    What type of property is this?
    Storefront property - Commercial property with retail suites and apartments in Richmond, IN.
    Where is this storefront property located?
    The property is located at 1001 S E St Richmond, IN.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: - Two store front retail suites and two apartments with separate entrances offer diverse income streams.; - Includes additional connecting property at 509 South 10th Street, expanding the investment potential.; - Located in the heart of Richmond's Southeast side, providing high visibility and accessibility.
    (765) 960-5708
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 S E St Richmond, IN 47374
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