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    1503 Main St Richmond, IN 47374

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail space available.

    Lot size:
    6,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prime Richmond, Indiana retail property, located at 1503 East Main Street, offers 6,450 square feet of space in a strip center setting. Currently, 5,724 square feet is available, divisible into units as small as 574 square feet, with a maximum contiguous space of 5,150 square feet. The property sits on a 0.9-acre lot (39,139 square feet) in Wayne County. Its strategic location ensures high visibility and accessibility, ideal for attracting significant foot traffic. The property features expansive storefront windows and ample parking. The interior is customizable, allowing for efficient floor planning and product displays to suit various retail or commercial uses. The modern amenities and professional exterior create a welcoming environment for businesses seeking a prominent and adaptable space to engage their target audience. This is an exceptional opportunity for businesses looking to establish or expand their presence in a thriving Richmond location.

    Property Features for 1503 Main St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,450 SF

    Unit(s) available at that property

    Space
    1503 E Main St
    Size
    5,150 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Pizza Restaurant

    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
    -84.8813501
    Latitude
    39.8289904

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space available.
    Where is this neighborhood center located?
    The property is located at 1503 Main St Richmond, IN.
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    1503 Main St 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
    1503 Main St Richmond, IN 47374
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