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Property profile & analytics

423 Commerce Rd Richmond, IN 47374-2646

  • Office Properties & Spaces
  • 9,040 SF
  • 1.56 lot acres
OFF-MARKET
Value Estimation
$335,000
Location Intelligence
Property ID
US31-1698579
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office Properties & Spaces

Property Details for 423 Commerce Rd

Year built
1989
Construction
WOOD
Lot size
1.56 lot acres
Property size
9,040 SF
Zone code
ZO01
Property type
Office Properties & Spaces
APN
89-16-36-320-102.000-030
APU
891636320102000030

Description

This single-story, 9,040-square-foot commercial property at 423-425 Commerce Rd, Richmond, IN 47374, offers flexible office space ideal for various uses, including executive, traditional, and medical offices. Built in 1989, the building features three suites, with a minimum divisible space of 1,500 square feet and up to 9,040 square feet available contiguously. The property boasts ample parking with 40 spaces and is conveniently located near I-70 and US 40 on Richmond's East Side. Recent improvements include new HVAC units, fresh paint, and new flooring throughout. The building's sturdy steel construction ensures durability, and the space includes numerous private offices and conference rooms, along with handicap accessibility. This exceptional opportunity provides a blend of modern amenities and convenient location, making it an attractive option for businesses seeking high-quality office space in Richmond, Indiana.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Wayne
State
Indiana
Longitude
-84.8233
Latitude
39.8351
CBSA code
39980
CBSA name
RICHMOND, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,863
$78,100
$74,500
$152,600
-
$78,100
$74,500
$152,600
More about this property
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