224 5Th St Richmond, IN 47374
This exceptional commercial property, located at 224 South 5th Street in Richmond, Indiana, presents a unique investment opportunity. The 0.15-acre lot offers significant potential for a variety of commercial uses. The property is designated as special purpose and encompasses a total area of 1,750 square feet. Situated in Wayne County, Indiana, with the address 224 South 5th Street, Richmond, IN 47374, this location benefits from convenient access to local amenities and transportation routes. The property's zoning and permitted uses should be verified independently with the relevant authorities. Given its size and location, this land parcel is ideal for developers or businesses seeking a strategic foothold in a thriving community. The asking price is $1,200, making it an attractive proposition for investors seeking a cost-effective entry point into the Richmond commercial real estate market. Serious inquiries are encouraged to explore the possibilities this property offers. The property is currently vacant, providing flexibility for future development or immediate occupancy. Further details regarding the property's specific characteristics and potential uses are available upon request. This is a rare opportunity to acquire a well-positioned commercial lot in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.