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    630 Main St Richmond, IN 47374

    For Lease
    $240 SF/Yr

    Downtown location, flexible suites, immediate occupancy.

    Lot size:
    45,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional six-story office building, located at 630 E. Main Street in Richmond, Indiana's revitalization district, offers 45,870 square feet of versatile space. Built in 1924, the single-tenant building features a prominent location at the intersection of E. Main Street and 8th Street. The property is ideally suited for a variety of office uses, including executive suites, traditional office layouts, and coworking spaces. The building boasts an elevator and offers flexible lease options, with individual office spaces starting at 150 square feet. The attractive rental rate of $149 every two weeks for the smallest units makes this a highly competitive offering. Its central location provides easy access to Indiana University East, Ivy Tech, and Earlham College, making it an attractive option for businesses seeking a vibrant and convenient location. The building's design allows for creative subdivision to accommodate various business needs and sizes. This is a rare opportunity to secure a well-positioned, historically significant building in a rapidly developing area. The property is ready for immediate occupancy.

    Property Features for 630 Main St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,870 SF
    Total Rate
    917400

    Building Details

    Year Built
    1924
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Size
    150 SF
    Rate per SF
    $336
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.892773975021
    Latitude
    39.829369719883

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    FAQs

    What type of property is this?
    Coworking space - Downtown location, flexible suites, immediate occupancy.
    Where is this coworking space located?
    The property is located at 630 Main St Richmond, IN.
    What is the lease rate?
    The lease rate is $336 /Mo.
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    630 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
    630 Main St Richmond, IN 47374
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