600 Main St Richmond, IN 47374
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Prime Office Space, High Cap Rate
Property size:
34,096 SFProperty Features for 600 Main St
General Information
- Property type
- Medical offices
- Square Feet
- 34,096 SF
- Class
- A
Building Details
- Year Built/Renovated
- 1924/2023
- Buildings
- 1
- Stories
- 4
Listing Agent: Alan Stamper
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A office building, located at 600 E Main St in Richmond, Indiana (47374), presents a compelling investment opportunity. Boasting 34,096 square feet across four stories, this meticulously maintained property underwent a complete renovation in 2023, featuring new elevators, carpeting, and fresh paint throughout. The building is currently vacant, offering immediate occupancy for an owner/user or the potential for leasing to credit-rated tenants. With a net lease structure and a compelling asking price of $1,400,000 ($41.06/sq ft), this property offers a strong 12.75% cap rate. Constructed in 1924 and situated in a revitalizing downtown area, this strategically located asset benefits from a planned revitalization grant, including the construction of new apartments directly across the street. The property is zoned C1 and offers significant potential for growth within a thriving community. This is a rare chance to acquire a turnkey, energy-efficient office building in a rapidly developing downtown location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Consulting Psychologists Anxty: ...
Physician
Patient Financial Services
Medical Billing Service
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Longitude
- -84.89397061434
- Latitude
- 39.829363655887
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FAQs
What type of property is this?
Medical office - Prime Office Space, High Cap Rate
Where is this medical office located?
The property is located at 600 Main St Richmond, IN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Class A, 34,096 SF office building at 600 E Main St, Richmond, IN (47374).; Completely renovated in 2023 with new elevators, carpeting, and paint.; Currently vacant, offering immediate occupancy; $1,400,000 asking price ($41.06/SF), 12.75% cap rate, net lease structure.
