406 Commerce Rd Richmond, IN 47374
For Sale
1 / 4
This 5,820-square-foot building, located at 406 Commerce Road in Richmond, Indiana, presents a unique opportunity. The property is a single-tenant building constructed in 1981, offering a blend of retail, office, and industrial space. The building features one story and a single dock-high door, ideal for efficient loading and unloading. The 0.855-acre lot provides ample space for maneuvering and potential expansion. Its prime location offers easy access to Interstates 70 and 40, ensuring excellent connectivity for distribution and commuting. The entire 5,820 square feet is currently vacant, allowing for complete customization to suit a variety of business needs. This property is situated on Richmond's East Side, a highly desirable location. An adjacent property is also available for potential expansion or custom construction, with existing structures available for removal to accommodate specific requirements. This presents a rare chance to acquire a strategically located property with significant potential for growth and development in a thriving area. The property's zoning allows for flexible use, making it suitable for a range of businesses. The address is 406 Commerce Rd, Richmond, IN 47374.
-
Georgia Direct Warehouse Warehouse & Storage
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
ZO01 · Richmond, INRichmond. Always verify with local authorities before improvements.
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.