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    17 8Th St Richmond, IN 47374

    For Sale
    $700,000

    Established 77-year-old shoe store

    Property size:
    5,676 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This thriving, 77-year-old shoe store, located at 17 S 8th St in Richmond, Indiana (47374), is offered for sale at $700,000. The business occupies a 5,676 square foot storefront in a beautifully renovated historic downtown building, built in 1947. The property sits on a 5,676 square foot lot and is zoned CB. This single-unit business boasts a stellar reputation for high-quality footwear and exceptional customer service, cultivated over decades. The current owners have built a loyal clientele and a strong community presence, creating a business with significant goodwill and potential for continued growth. The sale includes the established business, its inventory, and the physical storefront. This presents a unique opportunity to acquire a well-established, profitable business with a rich history and a bright future in a revitalized downtown area. The property's APN is 89-18-05-220-210.000-030. This is an exceptional opportunity for an entrepreneur seeking to own a successful, community-focused business with a proven track record.

    Property Features for 17 8Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,676 SF
    Lot Size
    247,246,560 SF

    Building Details

    Year Built
    1947
    Buildings
    1
    Units
    1

    HighLights

    • High‑traffic location with strong existing tenant base.
    • Significant upside potential for rental income growth.
    • Property features modern amenities and updated systems.
    • Excellent visibility and accessibility from major roadways.
    • Strong historical occupancy rates and stable cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Esmond's Shoes Shoe Store

    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
    -84.891565784749
    Latitude
    39.828380165307

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    FAQs

    What type of property is this?
    Individual retail property - Established 77-year-old shoe store
    Where is this individual retail property located?
    The property is located at 17 8Th St Richmond, IN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: High-traffic location with strong existing tenant base.; Significant upside potential for rental income growth.; Property features modern amenities and updated systems.
    Request Owner's contact information
    17 8Th St 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
    17 8Th St Richmond, IN 47374
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