0 Commerce Rd Richmond, IN 47374
This exceptional 2.477-acre lot presents a remarkable opportunity for retail development in Richmond, Indiana. Ideally situated on Commerce Rd, this property boasts a highly desirable Highway Commercial (HC) zoning designation, opening doors to a wide array of commercial ventures. Its strategic location offers unparalleled accessibility, with close proximity to major transportation arteries like I-70 and Route 40. This prime location also benefits from its adjacency to established businesses and hotels, ensuring high visibility and convenient access for potential customers. The expansive lot size provides ample space for the construction of a substantial retail building, allowing for flexibility in design and functionality to meet the specific needs of any business. The asking price for this exceptional property is $185,000, representing a compelling investment opportunity in a thriving commercial area. This vacant land is ready for development, making it an ideal choice for entrepreneurs seeking a high-impact location to establish their business. The property is located in Wayne County, Indiana, with a zip code of 47374. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing market.
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
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.