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Two-Story Office Building with Atrium
For Lease
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224 S FIFTH ST, Richmond, IN 47374

Two-story office building offering reception, multiple offices, kitchenette, atrium with fountain, and basement storage.

Space Size6,129 SF
Days on Market109

Property Features for 224 S FIFTH ST

General Information

Standard status Active
Size 6,129 SF
Class B
Property subtype Retail, Office

Building Details

Building Size 6,129 SF
Year Built 1950
Stories 2
Tenancy Single

Spaces For Lease

at 224 S FIFTH ST Contact us

Space 1

Size
6,129 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Coldwell Banker Lingle
Listed By: Alan Stamper · License #IN RB16001438
Source: Crexi
Added: May 20 Changed: Aug 22 Last Checked: Sep 2 at 7:44AM

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 Coldwell Banker Lingle

Investment Insights

Based on property information with market context.

This two-story office building is offered for lease and includes a main-level reception area, multiple office spaces, a shared restroom, and a fully equipped kitchenette. The property also features a striking atrium with a fountain, along with a full basement for additional storage.

Located along a high-traffic corridor, the building benefits from strong visibility. The interior includes rich wood craftsmanship and three fireplaces, adding distinctive character throughout the office environment.

The space is designed to support an office setup with a mix of work areas and shared amenities, while the basement provides practical storage capacity.

Key Highlights

  • 1,750 SF two‑story commercial office building available for lease
  • Main level includes reception area and multiple office spaces
  • Includes a fully equipped kitchenette and a shared restroom

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Dental Office Big Box & Wholesale Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store 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

Location Intelligence

Trade Area within ½ mile

867
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office building offering reception, multiple offices, kitchenette, atrium with fountain, and basement storage.
Where is this office building located?
The property is located at 224 S FIFTH ST Richmond, IN.
What are key features of this property?
This property features: 1,750 SF two‑story commercial office building available for lease; Main level includes reception area and multiple office spaces; Includes a fully equipped kitchenette and a shared restroom
(727) 771-8773 Call to check price and availability
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