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    923 E St Richmond, IN 47374

    Sponsored
    For Sale
    $1,500,000

    Iconic 67,275 SF building, high visibility.

    Property size:
    67,275 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This iconic three-story, 67,275 square foot mixed-use building in Richmond, Indiana's Main Street business district presents a unique investment opportunity. Located at 923 N E St, 47374, this Class C property boasts high visibility and benefits from significant pedestrian and vehicular traffic. The building, renovated in 2020, currently houses successful operating businesses. Features include a 12-foot ceiling height and ample parking with 35 spaces. The property's strategic location within the bustling commercial core ensures strong tenant demand and potential for significant returns. This single building offers a rare chance to acquire a substantial, established property in a thriving Indiana market. The building's size and diverse use potential make it ideal for a variety of investment strategies. Its prime location and existing businesses provide immediate cash flow, while the substantial square footage allows for future expansion or redevelopment. This is a truly exceptional opportunity to own a piece of Richmond's vibrant commercial landscape.

    Property Features for 923 E St

    General Information

    Property type
    Individual retail properties
    Square Feet
    67,275 SF
    Class
    C

    Building Details

    Year Renovated
    2020
    Buildings
    1
    Stories
    3

    HighLights

    • $1,500,000 asking price.
    • 67,275 square foot mixed‑use building.
    • Three‑story building with 35 parking spaces and 12‑foot ceilings.
    • Renovated in 2020.
    • Located at 923 N E St, Richmond, IN 47374, in the Main Street business district.
    • Includes successful operating businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arlington Party Rental Party Equipment Rental Service InCONCERT Non-Profit Organization Richmond Hardware Hardware Store Depot District Market Grocery Store 4th Floor Blues ... Event Venue

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.889604566713
    Latitude
    39.833968294683

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    FAQs

    What type of property is this?
    Individual retail property - Iconic 67,275 SF building, high visibility.
    Where is this individual retail property located?
    The property is located at 923 E St Richmond, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 67,275 square foot mixed-use building.; Three-story building with 35 parking spaces and 12-foot ceilings.
    Request Owner's contact information
    923 E St 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
    923 E St Richmond, IN 47374
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