Freestanding Restaurant with
For Sale
$1,195,000
4711 E National Road, Richmond, IN 47374
COMMERCIAL - Richmond, IN
Property SizeContact for details
Lot Size0.11 Acres
Days on Market79
Property Features for 4711 E National Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City
Directions
Take I-70 to Richmond. Take exit 156A for US-40W. Property is on your left.
Subdivision
Wayne County
Standard status
Active
APN
89-16-35-440-206.003-030
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
PT SE SEC 35-14-1 0.109A
Tax Annual Amount
21306
Legal Description
PT SE SEC 35-14-1 0.109A
Utilities
Cooling system
Central Air
Building Details
Year built
1989
Flooring type
Tile, Carpet
Roof type
Shingle
Listing Agency:
Tarter Realty Auction and Appraisal Company
(765) 595-8155
Listed By:
Paul Faddis · License #RB15000347
(765) 994-8533
Added: Jun 12
Changed: Aug 4
Last Checked: Aug 29 at 5:06AM
MLS# 202623364
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding former Fazoli’s restaurant building on a 0.11-acre lot, built in 1989. The space includes commercial kitchen infrastructure and a functional drive-thru lane, with central air and shingle roofing. Interior flooring includes carpet and tile.
The property is positioned on the Interstate 70 corridor at a high-traffic commercial node along E. National Road in Richmond, Indiana. The site is near the Indiana–Ohio state line, with I-70 terminating at the Ohio border just miles east, capturing both inbound and outbound interstate travelers. Within five miles, institutional traffic generators include Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College.
Three deal structures are available: purchase the land and building outright, lease the existing space as-is on a NNN basis, or pursue a land lease for ground-up build-to-suit development.
The property is positioned on the Interstate 70 corridor at a high-traffic commercial node along E. National Road in Richmond, Indiana. The site is near the Indiana–Ohio state line, with I-70 terminating at the Ohio border just miles east, capturing both inbound and outbound interstate travelers. Within five miles, institutional traffic generators include Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College.
Three deal structures are available: purchase the land and building outright, lease the existing space as-is on a NNN basis, or pursue a land lease for ground-up build-to-suit development.
Key Highlights
- 0.11‑acre freestanding former Fazoli’s restaurant building built in 1989
- Commercial kitchen infrastructure plus a functional drive‑thru lane
- Central air with shingle roof; interior flooring includes carpet and tile
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
344k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 20%
Home Improvements & Furnishings 20%
Apparel 8%
Menards
Home Improvements & Furnishings
47,383 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
38,408 visits/mo
0.2 miles
Five Below
Shops & Services
29,955 visits/mo
0.1 miles
Speedway
Shops & Services
26,710 visits/mo
0.2 miles
Buffalo Wild Wings
Dining
19,897 visits/mo
0.0 miles
Demographics for 47374, IN
45,304
Population
21,553
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
119.8 sq mi
ZIP Area
378
Density / Sq Mi
$52,566
Median Household Income
$34,168
Median Earnings
$816
Median Rent
$121,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building with drive-thru lane, central air, and commercial kitchen infrastructure built in 1989.
Where is this conventional restaurant located?
The property is located at 4711 E National Road Richmond, IN.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 0.11‑acre freestanding former Fazoli’s restaurant building built in 1989; Commercial kitchen infrastructure plus a functional drive‑thru lane; Central air with shingle roof; interior flooring includes carpet and tile
