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Industrial Land Development Site
For Sale
$324,900

Industrial Parkway, Richmond, IN 47374

LOTS AND LAND, Richmond, IN

Property SizeContact for details
Lot Size3.52 Acres
Days on Market960

Property Features for Industrial Parkway

General Information

Property type Land
Property subtype Other
Lot features Irregular, 3-5.9999, City, Commercial
Elementary school Western Wayne
Middle school Lincoln
High school Lincoln
Elementary school district Western Wayne Schools
Middle school district Western Wayne Schools
High school district Western Wayne Schools
Directions US 35 to Richmond. Take US 40 N to Industrial Parkway.
Subdivision Wayne County
Standard status Active
APN 89-16-36-340-107.001-030
Lot size 3.52 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description PT SW 36-14-1 3.482A; PT SE 36-14-1 0.041A
Tax Annual Amount 3195
Legal Description PT SW 36-14-1 3.482A; PT SE 36-14-1 0.041A
Listing Agency: Tarter Realty Auction and Appraisal Company
Listed By: Paul Faddis · License #RB15000347
Added: Feb 26, 2024 Changed: Sep 2 Last Checked: Oct 13 at 2:06AM
MLS# 202406115

Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3.52-acre industrial land parcel is positioned for future commercial development. The property is located on Industrial Parkway, just off Route 40 and near Interstate 70, providing access to established regional transportation corridors.

The parcel is in Richmond, Indiana, within Wayne County, and carries a 47374 postal code. Its industrial classification supports consideration for an industrial development project, subject to applicable approvals and site requirements.

Key Highlights

  • 3.52‑acre industrial land parcel
  • Located on Industrial Parkway in Richmond, IN
  • Just off Route 40

Property Analytics

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Current Use

Industrial land

Location Intelligence

Trade Area within ½ mile

191
Businesses Nearby

Demographics for 47374, IN

45,304
Population
21,553
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
119.8 sq mi
ZIP Area
378
Density / Sq Mi
$52,566
Median Household Income
$34,168
Median Earnings
$816
Median Rent
$121,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - Industrial land with access near major regional transportation routes.
Where is this industrial land located?
The property is located at Industrial Parkway Richmond, IN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 3.52‑acre industrial land parcel; Located on Industrial Parkway in Richmond, IN; Just off Route 40
More about this property
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