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    406 Commerce Rd Richmond, IN 47374

    Sponsored
    For Lease
    $6 SF/Yr ($3,026 /Mo)

    Versatile warehouse/office near I-70 & US 40.

    Lot size:
    5,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 5,820-square-foot building, located at 406 Commerce Road in Richmond, Indiana, presents a unique opportunity. The property is a single-tenant building constructed in 1981, offering a blend of retail, office, and industrial space. The building features one story and a single dock-high door, ideal for efficient loading and unloading. The 0.855-acre lot provides ample space for maneuvering and potential expansion. Its prime location offers easy access to Interstates 70 and 40, ensuring excellent connectivity for distribution and commuting. The entire 5,820 square feet is currently vacant, allowing for complete customization to suit a variety of business needs. This property is situated on Richmond's East Side, a highly desirable location. An adjacent property is also available for potential expansion or custom construction, with existing structures available for removal to accommodate specific requirements. This presents a rare chance to acquire a strategically located property with significant potential for growth and development in a thriving area. The property's zoning allows for flexible use, making it suitable for a range of businesses. The address is 406 Commerce Rd, Richmond, IN 47374.

    Property Features for 406 Commerce Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,820 SF
    Total Rate
    3026.4

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,820 SF
    Rate per SF
    $6
    Property Profile Location Intelligence

    Current Use by Public Records

    Georgia Direct Warehouse Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Wayne
    State
    Indiana
    Longitude
    -84.824341302777
    Latitude
    39.83422604091

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    Nearby Similar for Lease

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      Richmond Industrial Property for Rent

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    FAQs

    What type of property is this?
    Distribution property - Versatile warehouse/office near I-70 & US 40.
    Where is this distribution property located?
    The property is located at 406 Commerce Rd Richmond, IN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    Request Owner's contact information
    406 Commerce Rd 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
    406 Commerce Rd Richmond, IN 47374
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