Restaurant with Commercial
New
For Sale
$750,000
500 Commerce Road, Richmond, IN 47374
COMMERCIAL, Richmond, IN
Property SizeContact for details
Lot Size1.40 Acres
Days on Market7
Property Features for 500 Commerce Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City
Directions
Just south of I70 just off National Road Behind Culvers on Commerce Rd.
Subdivision
Wayne County
Standard status
Active
APN
89-16-36-320-201.000-030
Lot size
1.40 Acres
Taxes and HOA fees
Tax Description
PT LOT 5 SEC 2 & PT LOT 1 SEC 1 PARKLAND INDUSTRIAL PARK
Tax Annual Amount
13689
Legal Description
PT LOT 5 SEC 2 & PT LOT 1 SEC 1 PARKLAND INDUSTRIAL PARK
Utilities
Cooling system
Central Air
Building Details
Year built
2006
Flooring type
Tile - Ceramic
Roof type
Metal
Listing Agency:
Shawver Auctioneering & Real Estate
(260) 726-9621
Listed By:
Nathaniel Scalf · License #RB15000145
(317) 374-2881
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 13 at 3:06AM
MLS# 202641713
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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.
Configured for restaurant use, the property includes a bar, seating area, preparation space, and a full commercial kitchen. The building dates to 2006 and features ceramic tile flooring, central air conditioning, and a metal roof. The site encompasses 1.4 acres and has Highway Commercial zoning.
The property is near I-70 and one block from National Road in Richmond, Indiana.
The property is near I-70 and one block from National Road in Richmond, Indiana.
Key Highlights
- Full commercial kitchen, bar, seating, and preparation area included
- 1.4‑acre site with Highway Commercial zoning
- Near I‑70 and one block from National Road
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
160k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Home Improvements & Furnishings 15%
Hotels & Casinos 10%
Shops & Services 8%
Culver's
Dining
33,971 visits/mo
0.2 miles
McDonald's
Dining
27,700 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
24,127 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
22,540 visits/mo
0.3 miles
IHOP
Dining
11,513 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing bar, seating, preparation space, and kitchen equipment support restaurant operations.
Where is this conventional restaurant located?
The property is located at 500 Commerce Road Richmond, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Full commercial kitchen, bar, seating, and preparation area included; 1.4‑acre site with Highway Commercial zoning; Near I‑70 and one block from National Road
