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Property profile & analytics
FOR SALE
Commercial real estate

787 Highland Rd 2 Richmond, IN 47374

20 ac lot
Property ID
US31-0053674
Property summary
AI-generated overview

This exceptional 20-acre mixed-use property in Richmond, Indiana, presents a compelling investment opportunity. Strategically located on Highland Road, it boasts unparalleled visibility and accessibility due to its direct frontage on Interstate 70, a major transportation artery. The site's convenient location between Dayton and Indianapolis ensures excellent connectivity to regional markets and a robust workforce. The property's APN is 89-16-20-210-101.002-029. Its zoning allows for a variety of commercial and industrial uses, making it suitable for diverse development projects. The land's proximity to key amenities further enhances its appeal. Within easy reach are numerous hotels, shopping centers, restaurants, college campuses, and a hospital, providing a supportive environment for businesses and employees. The seller is open to subdividing the southern portion of the property along I-70, offering flexibility for buyers seeking smaller parcels. This prime location, coupled with its size and versatility, makes this 20-acre tract an ideal investment for developers and businesses seeking a strategic foothold in a thriving region. The asking price for the entire 20-acre parcel is $2,749,000. The property is situated in Wayne County, Indiana, with the full address being 787 Highland Rd, Richmond, IN 47374.

Property profile
Verified
Property type Commercial real estate
Lot 20 ac (871,200 SF)
APN 89-16-20-210-101.002-029
UPID US31-0053674
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CB Lingle Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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