1017 E Main Street

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1017 E Main Street

Richmond, IN 47374
Asking Price
Contact for price
Asset Type
Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Special-purpose building measuring 3,840 square feet of total space
  • Located on East Main Street in the city of Richmond
  • Positioned near major regional highway corridors for improved logistics
  • Suitable for various specialized commercial or professional use cases
  • Serves a diverse population within the Wayne County business market

What's Special

Spanning 3,840 square feet, this special-purpose property occupies a functional footprint at 1017 E Main Street in Richmond, Indiana. Richmond serves as a significant regional hub in Wayne County, benefiting from its strategic location along the Interstate 70 corridor which connects the city to major Midwest industrial and commercial centers. The local economy maintains a steady profile supported by a mix of established regional manufacturing and academic influences from nearby higher education institutions. Given the flexible nature of this asset type, the floor plan supports various specialized operational requirements. Potential buyers might consider configurations for boutique service facilities, professional studios, or niche commercial ventures requiring open-span layouts. This property provides a pragmatic entry point for investors or owner-occupiers looking to establish a presence within the Richmond trade area, where accessible infrastructure facilitates reliable connectivity for clients and employees alike throughout the metro region.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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