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    Commerce Rd Richmond, IN 47374

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    For Sale
    Contact for pricing

    3.64-Acre Commercial Land, I-70 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.64-acre commercial land parcel presents a prime development opportunity in Richmond, Indiana. Ideally situated just off Interstate 70, with over 36,000 vehicles passing daily, and near Highway 40 (18,000+ vehicles daily), this fully paved site boasts high visibility and convenient access. The property is zoned HC (Highway Commercial), allowing for a wide range of uses including hotels, restaurants, retail, self-storage, and more. Its strategic location near established businesses like Hampton Inn, Holiday Inn Express, Home2 Suites, McDonald's, and other national chains ensures strong potential for success. Two existing driveway cuts onto Commerce Road provide convenient ingress and egress. The site is available for sale, ground lease, or build-to-suit options. Richmond, Indiana, located on the Indiana-Ohio border, serves a substantial population base exceeding 88,000 residents within the Richmond-Connersville CSA. This property offers unparalleled potential for investors seeking high-traffic exposure and diverse development possibilities. Detailed zoning information is available upon request.

    Property Features for 0 Commerce Rd

    General Information

    Property type
    Land
    Lot Size
    158,558 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.824801838295
    Latitude
    39.834912043886

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    FAQs

    What type of property is this?
    Land - 3.64-Acre Commercial Land, I-70 Access
    Where is this land located?
    The property is located at Commerce Rd Richmond, IN.
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    Commerce Rd Richmond, IN 47374
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Commerce Rd Richmond, IN 47374
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