122 5Th St Richmond, IN 47374
- Office Properties & Spaces
- 2,112 SF
- 0.14 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 122 5Th St
- Year built
- 1963
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.14 lot acres
- Property size
- 2,112 SF
- Zone code
- ZO01
- Property type
- Office Properties & Spaces
- APN
- 89-16-31-440-602.000-030
- APU
- 891631440602000030
Description
This exceptional commercial property, located at 122-126 NW 5th St in Richmond, Indiana, offers a unique opportunity for businesses seeking high-visibility space. Situated on a 0.25-acre lot in Wayne County, this single-story, 2,112 square foot building was constructed in 1963 and boasts a flexible layout suitable for various uses, including traditional office, executive office, medical office, or creative office space. Currently, the entire 2,112 square feet is available for lease, offering a significant opportunity for a single tenant. Alternatively, the space can be divided, with a minimum leasable area of 1,056 square feet. The property's high visibility on the bustling West side makes it ideal for businesses seeking maximum exposure. The building consists of two suites and is adaptable to the needs of a new tenant, with the owner open to build-outs for long-term leases. This presents a rare chance to secure a well-located, versatile commercial space in a thriving area. The property's history as a former barber shop adds to its unique character and potential for creative adaptation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Longitude
- -84.9083
- Latitude
- 39.831
- CBSA code
- 39980
- CBSA name
- RICHMOND, IN MICROPOLITAN STATISTICAL AREA
