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    00 Commerce Rd Richmond, IN 47374

    For Sale
    $225,000

    Build-ready 4.31-acre lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.31-acre commercial land parcel presents a remarkable opportunity for development. Strategically located on Commerce Road in Richmond, Indiana, this build-ready lot offers unparalleled access to Interstate 70, ensuring high visibility and convenient transportation links. Utilities are already in place, significantly reducing development time and costs. The property's 4.31-acre size provides ample space for a variety of commercial or industrial projects, making it ideal for businesses seeking a prominent location with excellent infrastructure. Situated in Wayne County, Indiana, with a zip code of 47374, this property benefits from a thriving local economy and strong transportation networks. The asking price for this prime commercial land is $225,000. This is a rare chance to acquire a highly desirable, build-ready lot in a prime location, offering significant potential for growth and return on investment. Don't miss this exceptional opportunity to establish your business in a strategic and accessible location.

    Property Features for 00 Commerce Rd

    General Information

    Property type
    Land
    Lot Size
    187,744 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.8251579
    Latitude
    39.8385763

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    FAQs

    What type of property is this?
    Land - Build-ready 4.31-acre lot, excellent location.
    Where is this land located?
    The property is located at 00 Commerce Rd Richmond, IN.
    What is the asking price?
    The asking price for this property is $225,000.
    Request Owner's contact information
    00 Commerce Rd Richmond, IN 47374
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    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
    00 Commerce Rd Richmond, IN 47374
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