408 Commerce Rd Richmond, IN 47374
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.