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    900 A St Richmond, IN 47374

    For Sale
    $499,000

    Prime corner location, 2,859 SF, 100% occupied.

    Property size:
    2,859 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property, located at 900 North A Street in Richmond, Indiana, presents a rare investment opportunity. Situated on approximately 0.39 acres at a high-traffic intersection, this 2,859 square foot building boasts a prime location in downtown Richmond, just minutes from I-70, Reid Health, and other significant commercial businesses. The single-story building, constructed in 1950 and renovated in 2000, currently operates as a thriving auto shop and convenience store, enjoying 100% occupancy. The property features four dock-high doors, ideal for efficient loading and unloading, and a spacious 12-foot ceiling height. Ample parking is available with 25 spaces. This corner lot benefits from two stoplights at the intersection of Chester Boulevard and North A Street (US 40), ensuring high visibility and accessibility. The current owner is not selling the business and will relocate upon sale, providing a clean slate for the new owner. This unique property offers a blend of established income and significant redevelopment potential, making it an exceptional addition to any investment portfolio. The property's size and location make it an ideal candidate for a variety of uses, capitalizing on the high traffic volume and strategic location within Richmond. The asking price is $499,000.

    Property Features for 900 A St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,859 SF

    Building Details

    Year Built/Renovated
    1950/2000
    Buildings
    1
    Stories
    1

    HighLights

    • Exceptional mixed‑use property in downtown Richmond, Indiana, at a high‑traffic intersection.
    • 2,859 SF building on a 0.39‑acre corner lot, with 25 parking spaces.
    • Currently 100% occupied by an auto shop and convenience store (business not included in sale).
    • Features four dock‑high doors, 12‑foot ceilings, and high visibility due to two stoplights at the intersection of Chester Boulevard and North A Street (US 40).
    • Asking price: $499,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Leland Legacy Senior ... Assisted Living Facility Corner Cafe At The Leland Restaurant Newton's Auto Services Auto Repair Shop VNA Health Trends Home Health Care Service

    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
    -84.890359873831
    Latitude
    39.830446151142

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    FAQs

    What type of property is this?
    Individual retail property - Prime corner location, 2,859 SF, 100% occupied.
    Where is this individual retail property located?
    The property is located at 900 A St Richmond, IN.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Exceptional mixed-use property in downtown Richmond, Indiana, at a high-traffic intersection.; 2,859 SF building on a 0.39-acre corner lot, with 25 parking spaces.; Currently 100% occupied by an auto shop and convenience store (business not included in sale).
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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
    900 A St Richmond, IN 47374
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