410 Commerce RdRichmond, IN 47374

  • Commercial real estate
  • 336 SF
For Sale
$199,900 View listing

Property Details for 410 Commerce Rd

Year built
1979
Construction
WOOD
Lot size
1.24 AC
Property size (Sq ft)
336 SF
Zone code
ZO01
Property type
Commercial real estate
APN
89-16-36-320-203.002-030
APU
891636320203002030

Description

This exceptional 1-story, 336 sq ft commercial property, built in 1979 and renovated in 2012, is situated on a 1.245-acre lot at 410 Commerce Rd, Richmond, IN 47374. Located seconds from I-70 and US 40, this established business offers significant cash flow potential. The property includes one building and is categorized as a golf course and sports/entertainment venue. Priced at $199,500 ($593.75/sq ft), it presents a unique opportunity for investors or operators seeking a turnkey business in a high-traffic area. Its prime location on Richmond's East Side provides excellent visibility and accessibility. The property's existing infrastructure allows for immediate operation, while its adaptable design also presents the possibility of build-to-suit options for future development. This is a rare chance to acquire a well-maintained, profitable business with strong growth potential in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $60,929
    Hospitality
    $55,811
    Educational
    $46,434
    Medical
    $48,031
    Retail
    $72,230

Location Insight

City
Richmond
County
Wayne
State
Indiana
Latitude
39.8342
Longitude
-84.8252
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
$9,797
$99,600
$11,100
$110,700
-
$99,600
$11,100
$110,700

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