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Freestanding Drive-Through Restaurant Building
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4711 NATIONAL RD E, Richmond, IN 47374

Freestanding restaurant building with a functional drive-thru lane and fully equipped commercial kitchen infrastructure for immediate use.

Property Size4,056 SF
Price / SF$294.63
Days on Market54

Property Features for 4711 NATIONAL RD E

General Information

Standard status Active
Size 4,056 SF
Property subtype Retail

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Business Included Yes

Building Details

Year Built 1989
Listing Agency: Tarter Realty Auction and Appraisal Company
Listed By: Paul Faddis · License #IN RB15000347
Source: Crexi
Added: Jun 13 Changed: Jul 10 Last Checked: Aug 4 at 1:25PM

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 Tarter Realty Auction and Appraisal Company

Investment Insights

Based on property information with market context.

This freestanding former Fazoli’s restaurant building is positioned to support quick occupancy for a compatible operator. The property includes commercial kitchen infrastructure and a functional drive-thru lane, offering an operational layout geared toward drive-through service. The building is presented as fully equipped and offers a multi-use framework for investors, franchise operators, and developers considering either conversion or continued restaurant use.

Located on the Interstate 70 corridor in Richmond’s high-traffic commercial area, the site benefits from interstate-driven customer flow. The E. National Road corridor is described as one of Indiana’s strongest retail concentrations east of Indianapolis, with major nearby anchors including Walmart, Lowe’s, Kohl’s, AMC Theatres, Cracker Barrel, Bob Evans, Taco Bell, and Walgreens. The property is also near the Indiana-Ohio state line, which adds transient traffic as travelers move between states.

For tenants and buyers, the key advantage is readiness: the site conveys with the commercial kitchen and drive-thru lane in place, supporting faster time-to-open compared with properties requiring new build-out. The offering also provides multiple deal structures, including purchase of the land and building outright, an option to lease the existing space as-is on an NNN basis, or a land lease for build-to-suit development.

Key Highlights

  • Freestanding former Fazoli’s restaurant building built in 1989
  • Fully equipped with commercial kitchen infrastructure for immediate use
  • Includes a functional drive‑thru lane

Property Analytics

Current Use

Fazoli's Take-out & Catering

Suggested Use

Top Pick Dental Office Real Estate Agency Hair Salon Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store

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

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

301
Businesses Nearby
273k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 53% Dining 22% Home Improvements & Furnishings 8% Groceries 7%
Hobby Lobby Shops & Services
38,408 visits/mo 0.3 miles
Five Below Shops & Services
29,955 visits/mo 0.2 miles
Speedway Shops & Services
26,710 visits/mo 0.4 miles
Buffalo Wild Wings Dining
19,897 visits/mo 0.2 miles
Aldi Groceries
17,924 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

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 - Freestanding restaurant building with a functional drive-thru lane and fully equipped commercial kitchen infrastructure for immediate use.
Where is this drive through restaurant located?
The property is located at 4711 NATIONAL RD E 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 restaurant building built in 1989; Fully equipped with commercial kitchen infrastructure for immediate use; Includes a functional drive‑thru lane
(765) 994-8533 Call to check price and availability
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