Commercial Land with Highway
For Sale
$1,374,500
787 Highland Rd. Lot 1, Richmond, IN 47374
LOTS AND LAND, Richmond, IN
Property SizeContact for details
Lot Size10.00 Acres
Days on Market604
Property Features for 787 Highland Rd. Lot 1
General Information
Property type
Land
Property subtype
Other
Lot features
Irregular, 10-14.999, City, Commercial
Elementary school
Crestdale
Middle school
Test
High school
Richmond
Elementary school district
Richmond Community Schools
Middle school district
Richmond Community Schools
High school district
Richmond Community Schools
Directions
US 35 to US 27. US 27 to Richmond. Property is on the corner of US 27 and I-70.
Subdivision
Wayne County
Standard status
Active
APN
89-16-20-210-101.002-029
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TBD by Survey
Tax Annual Amount
2650
Legal Description
TBD by Survey
Listing Agency:
Tarter Realty Auction and Appraisal Company
(765) 595-8155
Listed By:
Paul Faddis · License #RB15000347
(765) 994-8533
Added: Jan 23, 2025
Changed: Sep 2
Last Checked: Sep 19 at 10:06PM
MLS# 202502121
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 commercial land tract encompasses approximately 10 acres at 787 Highland Rd. Lot 1 in Richmond, Indiana. The property provides frontage and visibility along I-70, with access from the area surrounding Chester Boulevard. Its size supports consideration of larger-scale commercial development, subject to applicable approvals and site requirements.
The parcel is positioned between Indianapolis and Dayton and near grocery stores, restaurants, hotels, healthcare facilities, retail centers, and Ivy Tech Community College. These surrounding uses create an established commercial setting with access to customer, employee, and logistics routes. The property’s location near I-70 also connects it to regional travel between eastern Indiana and western Ohio.
The parcel is positioned between Indianapolis and Dayton and near grocery stores, restaurants, hotels, healthcare facilities, retail centers, and Ivy Tech Community College. These surrounding uses create an established commercial setting with access to customer, employee, and logistics routes. The property’s location near I-70 also connects it to regional travel between eastern Indiana and western Ohio.
Key Highlights
- +/-10 acres of commercial land
- I‑70 visibility and frontage
- Located just off I‑70 near Chester Boulevard
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
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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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land offering substantial scale, highway exposure, and convenient access to Richmond’s established business corridor.
Where is this commercial land located?
The property is located at 787 Highland Rd. Lot 1 Richmond, IN.
What is the asking price?
The asking price for this property is $1,374,500.
What are key features of this property?
This property features: +/-10 acres of commercial land; I‑70 visibility and frontage; Located just off I‑70 near Chester Boulevard
