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Property profile & analytics
OFF-MARKET
Lifestyle centers

408 Commerce Rd Richmond, IN 47374

2.1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.1-acre retail property in Richmond, Indiana, presents a unique investment opportunity. Ideally situated seconds from the intersection of I-70 and US 40 in the thriving Eastside area, this property offers unparalleled access and visibility. The site comprises two combined parcels and includes two existing buildings: a substantial 5,820 square-foot steel warehouse featuring a metal roof and an oversized door, and an adjacent 336 square-foot structure. Currently vacant, this property is perfect for a variety of uses, including QSR/fast food, shopping center, or storefront development. The flexible nature of the site allows for build-to-suit options, catering to specific tenant requirements. The asking price is $600,000, and the property is offered with a NNN lease type. This location provides excellent potential for high traffic and strong returns, making it an attractive investment for both developers and end-users. The property's strategic location near major highways ensures easy access for customers and employees, maximizing its commercial viability. This is a rare chance to acquire a significant parcel of land in a high-demand area with considerable development potential.

Property profile
Verified
Property type Lifestyle centers
Lot 2.1 ac (91,476 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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