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    787 Highland Rd, Unit 2 Richmond, IN 47374

    For Sale
    $1,374,500

    Commercial Land - Richmond, IN

    Lot size:
    10.00 Acres
    Days on Market:
    313
    Last Refresh:
    Dec 8 at 4:06 am

    Property Features for 787 Highland Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    89-16-20-210-101.002-029
    Exterior features
    None
    Lot size
    10.00 Acres

    Building Details

    Architectural style
    Other

    David M Tarter (765) 595-8155 [email protected]

    Listing agent Paul Faddis (765) 595-8155 License #RB15000347

    Listing date Jan 30, 2025

    MLS# 202502124 Listing URL

    Copyright © 2025 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.

    Overview

    Richmond Commercial Land I-70 Frontage

    This commercial land is located in Richmond, Indiana, and offers approximately 10 acres with frontage on I-70. The property is situated on a state highway, providing direct access to I-70 and convenient access between Dayton and Indianapolis. Its location is near hotels, shopping, restaurants, college campuses, and a hospital.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CB Lingle Properties Real Estate Agency

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.892067
    Latitude
    39.872709

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    FAQs

    What type of property is this?
    Commercial land - 10 acre commercial land with I-70 frontage near amenities.
    Where is this commercial land located?
    The property is located at 787 Highland Rd, Unit 2 Richmond, IN.
    What is the asking price?
    The asking price for this property is $1,374,500.
    What are key features of this property?
    This property features: - Direct access to I-70.; - +/- 10 Acres with I-70 frontage.; - Perfect location on a state highway.
    (765) 595-8155
    Request Owner's contact information
    787 Highland Rd, Unit 2 Richmond, IN 47374
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    Richmond, IN 47374
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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
    787 Highland Rd, Unit 2 Richmond, IN 47374
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