Property profile

11 7th St Richmond, IN 47374

OFF-MARKET
Office Spaces
Property ID
US31-1792052
480 SF 0.34 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1982
Construction TYPE NOT SPECIFIED
Total area 480 SF
Lot 0.34 ac (15,028 SF)
APN 89-16-32-440-605.000-030
UPID US31-1792052

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11 7th St Richmond, IN 47374-3030
Richmond metro Census 200 RICHMOND, IN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$560k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2020
$425,000
2013
$120

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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