4665 Richland Plaza Dr Bloomington, IN 47404
Richland Plaza, located in Ellettsville, Indiana, offers exceptional retail space for lease. This single-story, 69,404 square foot building sits on 9.1 acres of land and was constructed in 1987. The property is zoned for commercial use and features a total of 21 suites, with currently 3,000 square feet of vacant space available. Units range from a minimum of 1,200 square feet to a maximum contiguous space of 1,800 square feet, providing flexibility for various business needs. The plaza boasts a strong tenant mix, including established businesses such as IGA grocery store, Family Dollar, Subway, Allstate Insurance, PizzaX, China Star Buffet, Hoosier Bar & Grill, and Richcraft Wood Products, ensuring high foot traffic and a vibrant atmosphere. Its prime location near Indiana University's campus provides unparalleled exposure to a diverse customer base of students, faculty, staff, and residents. Ample parking is available for both tenants and customers. Convenient access to I-69/Hwy 37 further enhances its accessibility and visibility. This property presents a unique opportunity to establish or expand a retail business in a thriving community with excellent visibility and a strong existing tenant base. The cross streets are State Road 46 and N Union Valley Road.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.