High-Traffic Corner Commercial
900 S A St, Richmond, IN 47374
Call to check price and availability
Prime corner lot with commercial building in Richmond's downtown.
Type:Mixed Use, Retail, Special Purpose
Property size:
2,859 SFLot size:
0.39 AcresPrice / SF:
$174/SF- Added:
- Nov 8, 2024
- Days on Market:
- 572
- Last Refresh:
- May 12 at 8:27 pm
Property Features for 900 S A St
General Information
- Standard status
- Active
- Size
- 2,859 SF
- Lot size
- 0.39 Acres
- Property subtype
- Mixed Use, Retail, Special Purpose
Building Details
- Year Built
- 1950
Listing agent Alan Stamper License #IN RB16001438
Listing office Coldwell Banker Lingle (765) 220-0199
Listing date Nov 8, 2024
Source Crexi
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 Coldwell Banker Lingle
HighLights
- High‑traffic corner location at a busy intersection with two stop lights.
- +/- .39 acre corner site in Richmond's downtown area.
- 2,900 SF commercial building included on the property.
- Minutes from I‑70, Reid Health, and other commercial businesses.
- Available on the open market for the first time since the 1950s.
- Current owner will relocate upon sale.
Overview
This property features a high-traffic corner site, available on the open market for the first time since the 1950s. The approximately 0.39-acre corner site is located at a busy intersection in Richmond, with two stop lights on Chester Blvd. and North A Street/US 40 Corridor. A 2,900 square foot commercial building is situated on the lot. Located in Richmond's downtown area, the property is just minutes from I-70, Reid Health, and other high-traffic commercial businesses. This building and lot present a unique opportunity in Richmond. The current owner will relocate upon sale.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $15.60 |
| − Vacancy | −$4.5k | −$1.56 |
| EGI | $40.1k | $14.04 |
| − OpEx | −$15.1k | −$5.27 |
| NOI | $25.1k | $8.77 |
2,859 SF · lease $15.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$358.4K
$313.6K – $418.1K
NOI $25,088 @ 7.0% cap · market cap 5.03%
Second Best
Retail
$150.6K
$131.8K – $175.7K
NOI $10,544 @ 7.0% cap · market cap 2.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Leland Legacy Senior ...
Nursing Home
Corner Cafe At The Leland
Restaurant
Newton's Auto Services
Auto Repair Shop
VNA Health Trends
Home Health Care Service
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Longitude
- -84.889995
- Latitude
- 39.827627
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime corner lot with commercial building in Richmond's downtown.
Where is this mixed-use property located?
The property is located at 900 S A St Richmond, IN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High‑traffic corner location at a busy intersection with two stop lights.; +/- .39 acre corner site in Richmond's downtown area.; 2,900 SF commercial building included on the property.
