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    406 Commerce Rd Richmond, IN 47374

    Sponsored
    For Sale
    $450,000

    0.85-acre lot, 5,820 SF building

    Property size:
    5,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 406 Commerce Road in Richmond, Indiana, presents a unique investment opportunity. The 0.85-acre lot offers significant potential for a variety of commercial uses. The existing structure boasts 5,820 square feet of space, providing ample room for development or immediate occupancy. Situated in Wayne County, this property benefits from convenient access to major transportation routes, enhancing its appeal for businesses seeking a strategic location. The asking price is $450,000, representing a compelling value for a property of this size and potential in a thriving Indiana market. The property is classified as special purpose and is currently designated as commercial land. Its versatile nature allows for a wide range of development possibilities, making it an attractive option for both established businesses and entrepreneurs looking to expand their operations. The property's location in Richmond offers access to a robust local economy and a strong workforce. Detailed site plans and zoning information are available upon request. This is an excellent chance to acquire a significant commercial property in a desirable location. Don't miss this opportunity to secure a prime piece of real estate in a growing market.

    Property Features for 406 Commerce Rd

    General Information

    Property type
    Land
    Square Feet
    5,820 SF
    Lot Size
    37,026 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Georgia Direct Warehouse Warehouse

    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
    -84.8252245
    Latitude
    39.8339572

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    FAQs

    What type of property is this?
    Land - 0.85-acre lot, 5,820 SF building
    Where is this land located?
    The property is located at 406 Commerce Rd Richmond, IN.
    What is the asking price?
    The asking price for this property is $450,000.
    Request Owner's contact information
    406 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
    406 Commerce Rd Richmond, IN 47374
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