For Sale
$289,900

3988 State Road 227Richmond, IN 47374

16-Acre Lot, Multi-Use Potential

Overview

Added:
Dec 11, 2024
Days on market:
120
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.

Highlights

  • $289,900 asking price for a mixed-use property.
  • 6,332 square feet on a +/- 16-acre lot.
  • Two buildings, including a large commercial building and a pole barn.
  • 40 parking spaces and a paved private lane.
  • Renovated in 2000, features include a pool, full bar, and commercial kitchen.

Property Details for 3988 State Road 227

Property type
Specialty properties, Schools
Square Feet
6,332 SF
Year Renovated
2000
Buildings
2

Location Insight

City
Richmond
County
Wayne
State
Indiana
Latitude
39.773890418483
Longitude
-84.858900533721
3988 State Road 227, Richmond, Indiana

FAQs

What type of property is this?
Specialty property - 16-Acre Lot, Multi-Use Potential
Where is the specialty property located?
The property is located at 3988 State Road 227 Richmond, IN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: $289,900 asking price for a mixed-use property.; 6,332 square feet on a +/- 16-acre lot.; Two buildings, including a large commercial building and a pole barn.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3988 State Road 227
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