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Retail Space on National Road
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216 W National Rd, Richmond, IN

Retail space for lease near downtown Richmond and Earlham College.

Property Size2,534 SF
Lot Size0.74 Acres
Days on Market617

Property Features for 216 W National Rd

General Information

Standard status Active
Size 2,534 SF
Lot size 0.74 Acres
Property subtype RETAIL
Listing Agency: DeMao Retail
Listed By: Del DeMao
Source: Moodyscre
Added: Nov 21, 2024 Changed: Jul 6 Last Checked: Jul 21 at 5:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DeMao Retail

Investment Insights

Based on property information with market context.

This retail space is located on US Highway 40 / National Road West, situated just west of downtown Richmond. The property is in close proximity to Earlham College, Richmond High School, and the Historic Wholesale District. The building is less than 15 years old. The site is home to the number one Speedway and Arby's in Wayne County, and the number seven Domino's Pizza in Indiana. The property offers 2534 square feet of retail space.

Key Highlights

  • Located on US Highway 40 / National Road West.
  • Less Than 15 Years Old.
  • Close proximity to Earlham College, Richmond High School, and the Historic Wholesale District.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Dental Office Parking Lot & Garage Cafe & Coffee Shop Garden Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby
51k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 62% Dining 38%
Speedway Shops & Services
22,710 visits/mo 0.1 miles
Arby's Dining
9,872 visits/mo 0.1 miles
Dollar General Shops & Services
8,135 visits/mo 0.2 miles
Parlor Doughnuts Dining
4,092 visits/mo 0.2 miles
Mancino's Pizza & Grinders Dining
3,326 visits/mo 0.1 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space for lease near downtown Richmond and Earlham College.
Where is this retail space located?
The property is located at 216 W National Rd Richmond, IN.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Located on US Highway 40 / National Road West.; Less Than 15 Years Old.; Close proximity to Earlham College, Richmond High School, and the Historic Wholesale District.
(317) 697-1048 Call to check price and availability
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