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    600 Main St Richmond, IN 47374

    Sponsored
    For Lease
    $5 SF/Yr ($14,914 /Mo)

    Prime 34,090 SF Office Space, Renovated 2023

    Lot size:
    34,090 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-story, 34,090 square foot office building is located at 600 E Main St in downtown Richmond, Indiana, zip code 47374. Built in 1920 and extensively renovated in 2023, this Class C building offers a blend of historic charm and modern functionality. The property features a single tenancy, but is divisible into spaces as small as 500 square feet, with rental rates ranging from $5 to $10 per square foot. The building boasts an elevator, and is zoned C1. Its prime downtown location is poised for significant growth, benefiting from a revitalization grant that includes the construction of new executive apartments directly across the street. Further planned improvements to the downtown area promise a thriving business environment. The building itself is energy-efficient and features new carpeting and fresh paint throughout. This presents a unique opportunity for businesses seeking a well-maintained, adaptable space in a rapidly developing area. The building's versatility makes it suitable for various office uses, including traditional, executive, and medical offices.

    Property Features for 600 Main St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    34,090 SF
    Class
    C
    Total Rate
    14914.38

    Building Details

    Year Built/Renovated
    1920/2023
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Size
    34,096 SF
    Rate per SF
    $5
    Property Profile Location Intelligence

    Current Use by Public Records

    Consulting Psychologists Anxty: ... Psychologist Patient Financial Services Medical Billing Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.89397061434
    Latitude
    39.829363655887

    Nearby Comparable

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    Nearby Similar for Lease

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      Richmond Walmart Plaza Retail Space

      High-traffic retail space near Walmart.
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      Industrial property in Richmond, Indiana, offering logistical advantages.
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      Retail space available in Eastside Plaza Shopping Center.
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      Retail Space on National Road

      Retail space for lease near downtown Richmond and Earlham College.
      216 W National Rd, Richmond, IN 47374
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    • $240 SF/Yr
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      Prime Richmond Office Space

      Downtown location, flexible suites, immediate occupancy.
      630 Main St, Richmond, IN 47374
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      Richmond Retail Strip Center

      High-visibility retail space available.
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      View Details

    FAQs

    What type of property is this?
    Medical office - Prime 34,090 SF Office Space, Renovated 2023
    Where is this medical office located?
    The property is located at 600 Main St Richmond, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
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    600 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
    600 Main St Richmond, IN 47374
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