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    408 Commerce Rd Richmond, IN 47374

    Sponsored
    For Sale
    $600,000

    Prime I-70/US 40 location, vacant, build-to-suit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.1-acre retail property in Richmond, Indiana, presents a unique investment opportunity. Ideally situated seconds from the intersection of I-70 and US 40 in the thriving Eastside area, this property offers unparalleled access and visibility. The site comprises two combined parcels and includes two existing buildings: a substantial 5,820 square-foot steel warehouse featuring a metal roof and an oversized door, and an adjacent 336 square-foot structure. Currently vacant, this property is perfect for a variety of uses, including QSR/fast food, shopping center, or storefront development. The flexible nature of the site allows for build-to-suit options, catering to specific tenant requirements. The asking price is $600,000, and the property is offered with a NNN lease type. This location provides excellent potential for high traffic and strong returns, making it an attractive investment for both developers and end-users. The property's strategic location near major highways ensures easy access for customers and employees, maximizing its commercial viability. This is a rare chance to acquire a significant parcel of land in a high-demand area with considerable development potential.

    Property Features for 408 Commerce Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    91,476 SF

    Building Details

    Buildings
    2

    HighLights

    • 2.1‑acre retail property in Richmond, Indiana, ideally situated near I‑70 and US 40 intersection.
    • Two buildings totaling 6,156 square feet: a 5,820 sq ft steel warehouse and a 336 sq ft structure.
    • Currently vacant, suitable for QSR, shopping center, or storefront development; build‑to‑suit options available.
    • Asking price: $600,000, NNN lease.
    • High‑traffic location with strong potential for high returns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -84.8244012
    Latitude
    39.8343702

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    FAQs

    What type of property is this?
    Lifestyle center - Prime I-70/US 40 location, vacant, build-to-suit potential.
    Where is this lifestyle center located?
    The property is located at 408 Commerce Rd Richmond, IN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 2.1-acre retail property in Richmond, Indiana, ideally situated near I-70 and US 40 intersection.; Two buildings totaling 6,156 square feet: a 5,820 sq ft steel warehouse and a 336 sq ft structure.; Currently vacant, suitable for QSR, shopping center, or storefront development; build-to-suit options available.
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    408 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
    408 Commerce Rd Richmond, IN 47374
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