Freestanding Drive-Thru
For Sale
$1,195,000
4711 E National Road, Richmond, IN 47374
COMMERCIAL - Richmond, IN
Lot Size0.11 Acres
Days on Market51
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
(765) 595-8155
Listed By:
Paul Faddis · License #RB15000347
(765) 994-8533
Added: Jun 12
Changed: Jul 29
Last Checked: Aug 1 at 1:06PM
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 former Fazoli’s offers a restaurant-ready layout with commercial kitchen infrastructure and a functional drive-thru lane. The property is presented as a multi-use opportunity for qualified operators seeking an immediate-occupancy advantage.
Located on the Interstate 70 corridor at one of Richmond’s highest-traffic commercial nodes, the site benefits from dual interstate demand as I-70 terminates at the Ohio border just miles east. The E. National Road corridor is described as a strong retail concentration, with nearby regional anchors including Walmart, Lowe’s, Kohl’s, AMC Theatres, Cracker Barrel, Bob Evans, Taco Bell, and Walgreens.
Additional institutional traffic generators within five miles include Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College. Three deal structures are available: purchase the land and building outright, lease the existing space as-is on an NNN basis, or pursue a land lease for ground-up build-to-suit development.
Located on the Interstate 70 corridor at one of Richmond’s highest-traffic commercial nodes, the site benefits from dual interstate demand as I-70 terminates at the Ohio border just miles east. The E. National Road corridor is described as a strong retail concentration, with nearby regional anchors including Walmart, Lowe’s, Kohl’s, AMC Theatres, Cracker Barrel, Bob Evans, Taco Bell, and Walgreens.
Additional institutional traffic generators within five miles include Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College. Three deal structures are available: purchase the land and building outright, lease the existing space as-is on an NNN basis, or pursue a land lease for ground-up build-to-suit development.
Key Highlights
- Freestanding former Fazoli’s building positioned on the Interstate 70 corridor in Richmond, IN
- Fully equipped with commercial kitchen infrastructure included
- Functional drive‑thru lane on‑site
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
6,629 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building with commercial kitchen infrastructure and a functional drive-thru lane on the I-70 corridor.
Where is this conventional 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 former Fazoli’s building positioned on the Interstate 70 corridor in Richmond, IN; Fully equipped with commercial kitchen infrastructure included; Functional drive‑thru lane on‑site
