11 7th St Richmond, IN 47374-3030
This exceptional investment opportunity presents a vacant, single-story, 480-square-foot retail building situated at 11 N 7th St, Richmond, IN 47374, within Wayne County. The property, renovated in 2010, functions as a three-bay drive-up bank facility, uniquely complemented by 38 prime parking spaces in a highly desirable downtown location. The building's asking price is $499,000, translating to $1,039.58 per square foot. Currently vacant, this property is offered with a NNN lease type, presenting a blank canvas for a variety of potential uses. The building's convenient location and ample parking make it an attractive proposition for businesses seeking a high-visibility presence in the heart of Richmond. The property's unique combination of a drive-up bank and extensive parking provides significant potential for future income generation. This is a rare opportunity to acquire a well-maintained, strategically located commercial property with substantial upside potential. The property's size and layout offer flexibility for adaptive reuse, catering to a range of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this unique downtown Richmond offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.