11 7th St Richmond, IN 47374-3030
- Office Properties & Spaces
- 480 SF
- 0.34 lot acres
Mar 11, 2025
Current Use by Public Records
- Office Properties & Spaces
Property Details for 11 7th St
- Year built
- 1982
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.34 lot acres
- Property size
- 480 SF
- Property type
- Office Properties & Spaces
- APN
- 89-16-32-440-605.000-030
- APU
- 891632440605000030
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Longitude
- -84.8922
- Latitude
- 39.8295
- CBSA code
- 39980
- CBSA name
- RICHMOND, IN MICROPOLITAN STATISTICAL AREA
