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Freestanding Drive-Through Restaurant
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 Market98

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
Listed By: Paul Faddis · License #RB15000347
Added: Jun 12 Changed: Sep 13 Last Checked: Sep 17 at 9:06AM
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.

This freestanding restaurant property at 4711 E National Road includes existing commercial kitchen infrastructure and a functional drive-through lane. The building was constructed in 1989 and features central air, carpet and tile flooring, and a shingle roof. The site encompasses 0.11 acres.

The property is positioned along the E. National Road commercial corridor in Richmond, near Interstate 70 and the Indiana-Ohio border. Surrounding retail and institutional destinations identified in the property information include Walmart, Lowe’s, Kohl’s, AMC Theatres, Cracker Barrel, Bob Evans, Taco Bell, Walgreens, Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College.

Available structures described for the property include an outright purchase of the land and building, an as-is NNN lease, or a ground lease for build-to-suit development.

Key Highlights

  • Freestanding restaurant property at 4711 E National Road, Richmond, IN 47374
  • 0.11‑acre site with a 1989‑built restaurant structure
  • Existing commercial kitchen infrastructure conveys with the property

Property Analytics

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Current Use

Fazoli's Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hair Salon Parking Lot & Garage

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

293
Businesses Nearby
344k
Monthly Visits Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Drive through restaurant - Existing restaurant improvements include commercial kitchen infrastructure, a drive-through lane, central air, and tiled flooring.
Where is this drive through 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: Freestanding restaurant property at 4711 E National Road, Richmond, IN 47374; 0.11‑acre site with a 1989‑built restaurant structure; Existing commercial kitchen infrastructure conveys with the property
More about this property
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