Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    216 W National Rd Richmond, IN 47374

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $35 SF/Yr ($7,390 /Mo)

    Retail space for lease near downtown Richmond and Earlham College.

    Property size:
    2,534 SF
    Lot size:
    0.74 Acres

    Property Features for 216 W National Rd

    General Information

    Size
    2,534 SF
    Lot size
    0.74 Acres

    Source: DeMao Retail Agent Del DeMao

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on National Road

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -84.905002
    Latitude
    39.827489

    Nearby Similar for Lease

    • $10 SF/Yr
      6,156 SF

      Downtown Richmond Office Space Available

      Versatile two-story building ideal for offices or co-working.
      36 S 9Th St, Richmond, IN 47374
      View Details
    • Contact for pricing
      44,964 SF

      Richmond Commercial Property

      Multi-use building, high traffic area
      1175 A St, Richmond, IN 47374
      View Details
    • $9 SF/Yr
      2,112 SF

      Richmond Office Space - High Visibility

      Prime West Side location; flexible office/retail space.
      122 5Th St, Richmond, IN 47374
      View Details
    • $17 SF/Yr
      75,744 SF

      Richmond Walmart Plaza Retail Space

      High-traffic retail space near Walmart.
      3513 Main St, Richmond, IN 47374
      View Details
    • $30 SF/Yr
      1,658 SF

      Retail or Restaurant Space Available

      New retail or restaurant spaces for lease near Earlham College.
      515-535 W National Rd, Richmond, IN 47374
      View Details
    • Contact for pricing
      133,000 SF

      Richmond Industrial Property for Rent

      Industrial property in Richmond, Indiana, offering logistical advantages.
      3700 W Industries Rd, Richmond, IN 47374
      View Details

    FAQs

    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
    Request Owner's contact information
    216 W National Rd Richmond, IN 47374
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216 W National Rd
    Richmond, IN 47374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    216 W National Rd Richmond, IN 47374
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.