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    122 5Th St Richmond, IN 47374

    Sponsored
    For Sale
    $129,900

    Prime Retail/Office Space, High Visibility

    Property size:
    2,112 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Richmond, Indiana retail property, located at 122-126 NW 5th St, presents a unique investment opportunity. The 2,112 square foot building, constructed in 1963, sits on a 0.142-acre lot and offers high visibility on the bustling west side. Currently vacant, this single-story, one-building shopping center comprises two units, each approximately 1,050 square feet. The property is available for lease as a whole or individually, offering flexibility for various retail or office uses. The asking price is $129,900, translating to $61.51 per square foot. The lease type is NNN. The property's adaptable layout allows for customization to suit a tenant's specific needs; the owner is open to build-outs for long-term leases. This prime location provides excellent exposure and potential for significant return on investment. The property is zoned for retail use and offers ample space for a variety of businesses. Its convenient location in Wayne County, with easy access to major roadways, makes it an attractive option for both local and regional businesses. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving market.

    Property Features for 122 5Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    2,112 SF
    Lot Size
    6,186 SF

    Building Details

    Year Built
    1963
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • $129,900 asking price for this retail property.
    • NNN lease type, currently vacant.
    • 2,112 square feet, with two units of 1,050 square feet each.
    • Located at 122 NW 5th St, Richmond, IN 47374, on a 0.142‑acre lot.
    • High visibility location suitable for office or retail use.
    • Built in 1963, single‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.9082692
    Latitude
    39.8309559

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail/Office Space, High Visibility
    Where is this lifestyle center located?
    The property is located at 122 5Th St Richmond, IN.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: $129,900 asking price for this retail property.; NNN lease type, currently vacant.; 2,112 square feet, with two units of 1,050 square feet each.
    Request Owner's contact information
    122 5Th 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
    122 5Th St Richmond, IN 47374
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