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Property profile & analytics
OFF-MARKET
Specialty properties

224 5Th St Richmond, IN 47374

1,750 SF 0.15 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 1,750 SF
Lot 0.15 ac (6,534 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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