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    Old National Rd Richmond, IN 47374

    Sponsored
    For Sale
    Contact for pricing

    Prime acreage near I-70, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional opportunity presents 1-35 acres of prime commercial land for development, ideally situated on Old National Road East in Richmond, Indiana. The property boasts a highly desirable location, just half a mile from Interstate 70, providing unparalleled access and visibility. This strategic location places your future development in close proximity to a thriving commercial corridor along East National Road (US Highway 40), surrounded by established retail businesses, hotels, and restaurants. The site is fully serviced with existing utilities and sewer infrastructure, significantly reducing development costs and timelines. Whether you envision a large-scale project or a smaller, targeted development, this versatile land offers the perfect platform for success. The parcels range in size from one to thirty-five acres, allowing for flexibility in project scope and design. This is a rare chance to secure a prominent position in a dynamic and growing area of Richmond, Indiana. Don't miss this chance to capitalize on this exceptional location and well-prepared infrastructure. Contact us today to learn more about this exciting development opportunity.

    Property Features for 0 Old National Rd

    General Information

    Property type
    Land

    HighLights

    • Prime 1‑35 acre development parcels available near US Hwy 40 & I‑70.
    • Excellent location with strong retail, hotel, and restaurant presence.
    • Utilities and sewer infrastructure already in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.828354449533
    Latitude
    39.830025063274

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    FAQs

    What type of property is this?
    Land - Prime acreage near I-70, ready to build.
    Where is this land located?
    The property is located at Old National Rd Richmond, IN.
    What are key features of this property?
    This property features: Prime 1-35 acre development parcels available near US Hwy 40 & I-70.; Excellent location with strong retail, hotel, and restaurant presence.; Utilities and sewer infrastructure already in place.
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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
    Old National Rd Richmond, IN 47374
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