For Sale
$700,000

17 8Th St Richmond, IN 47374

Established 77-year-old shoe store

Overview

Added:
Dec 11, 2024
Days on market:
137
This thriving, 77-year-old shoe store, located at 17 S 8th St in Richmond, Indiana (47374), is offered for sale at $700,000. The business occupies a 5,676 square foot storefront in a beautifully renovated historic downtown building, built in 1947. The property sits on a 5,676 square foot lot and is zoned CB. This single-unit business boasts a stellar reputation for high-quality footwear and exceptional customer service, cultivated over decades. The current owners have built a loyal clientele and a strong community presence, creating a business with significant goodwill and potential for continued growth. The sale includes the established business, its inventory, and the physical storefront. This presents a unique opportunity to acquire a well-established, profitable business with a rich history and a bright future in a revitalized downtown area. The property's APN is 89-18-05-220-210.000-030. This is an exceptional opportunity for an entrepreneur seeking to own a successful, community-focused business with a proven track record.

Highlights

  • High-traffic location with strong existing tenant base.
  • Significant upside potential for rental income growth.
  • Property features modern amenities and updated systems.
  • Excellent visibility and accessibility from major roadways.
  • Strong historical occupancy rates and stable cash flow.

Property Details for 17 8Th St

Property type
Retail properties, Retail space
Square Feet
5,676 SF
Year Built
1947
Buildings
1
Lot Size (sq. ft)
247,246,560 SF
Units
1

Location Insight

City
Richmond
County
Wayne
State
Indiana
Latitude
39.828380165307
Longitude
-84.891565784749

FAQs

What type of property is this?
Retail property - Established 77-year-old shoe store
Where is the retail property located?
The property is located at 17 8Th St Richmond, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: High-traffic location with strong existing tenant base.; Significant upside potential for rental income growth.; Property features modern amenities and updated systems.
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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17 8Th St
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