High-Traffic Corner Commercial
For Sale
Contact for pricing
900 S A St, Richmond, IN 47374
Prime corner lot with commercial building in Richmond's downtown.
Property Size2,859 SF
Lot Size0.39 Acres
Price / SF$174.54
Days on Market711
Property Features for 900 S A St
General Information
Standard status
Active
Size
2,859 SF
Total Parking Spaces
25
Lot size
0.39 Acres
Property subtype
Mixed Use, Retail, Special Purpose
Occupancy
100%
Building Details
Year Built
1950
Year Renovated
2000
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Lingle
Listed By:
Alan Stamper · License #IN RB16001438
(727) 771-8773
Source:
Crexi
Added: Nov 8, 2024
Changed: Oct 7
Last Checked: Oct 19 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Lingle
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Investment Insights
Based on property information with market context.
This property features a high-traffic corner site, available on the open market for the first time since the 1950s. The approximately 0.39-acre corner site is located at a busy intersection in Richmond, with two stop lights on Chester Blvd. and North A Street/US 40 Corridor. A 2,900 square foot commercial building is situated on the lot. Located in Richmond's downtown area, the property is just minutes from I-70, Reid Health, and other high-traffic commercial businesses. This building and lot present a unique opportunity in Richmond. The current owner will relocate upon sale.
Key Highlights
- High‑traffic corner location at a busy intersection with two stop lights.
- +/- .39 acre corner site in Richmond's downtown area.
- 2,900 SF commercial building included on the property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,088
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,760
$501.8K
Cap Rate 7%
$358,400
$358.4K
Cap Rate 9%
$278,756
$278.8K
Market Conditions
NOI Build-Up for 2,859 SF
Gross rent
$44.6K $15.60/SF
− Vacancy
−$4.5K −$1.56/SF
EGI
$40.1K $14.04/SF
− OpEx
−$15.1K −$5.27/SF
NOI
$25.1K $8.77/SF
Area
Wayne County, IN
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,760
Cap Rate 7%
$358,400
Cap Rate 9%
$278,756
Alternative Uses
Best Use
Mixed Use
$358.4K
$313.6K – $418.1K
NOI $25,088 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 47374, IN
45,304
Population
21,553
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
119.8 sq mi
ZIP Area
378
Density / Sq Mi
$52,566
Median Household Income
$34,168
Median Earnings
$816
Median Rent
$121,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Prime corner lot with commercial building in Richmond's downtown.
Where is this mixed-use property located?
The property is located at 900 S 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: High‑traffic corner location at a busy intersection with two stop lights.; +/- .39 acre corner site in Richmond's downtown area.; 2,900 SF commercial building included on the property.
