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3988 State Road 227 Richmond, IN 47374

OFF-MARKET Specialty properties Google Maps
6,332 SF
Estimated value
No estimation on file for this property yet.
Property ID US31-1469315

Property summary

AI-generated overview

This exceptional 16-acre property in Richmond, Indiana, presents a prime development opportunity. The site includes a large (6,332 sq ft), renovated (2000) commercial building, previously a club, featuring a full bar and commercial kitchen, all equipment included. Additional structures include a 46' x 40' x 12' pole barn and a separate house trailer. The property boasts an inground pool, extensive paved parking (40 spaces), and a private paved lane. Its location near the Richmond airport offers excellent accessibility. The property's current tax-exempt status provides a significant advantage. Potential uses are diverse, including equestrian facilities, learning centers, private clubs, or residential development. The 10-foot ceiling height in the main building offers flexibility. This unique property offers a rare combination of existing structures and ample land, making it an ideal investment for a variety of ventures. The two buildings are situated on a versatile lot with access to a pond. This is a truly remarkable opportunity to acquire a valuable and adaptable property in a desirable location.

Property profile

Verified
Property type Specialty properties
Total area 6,332 SF
UPID US31-1469315

Cap rate & NOI

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

Value estimations

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Owner & transaction history

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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