Listed by Coldwell Banker Lingle
$275,000
224 South 5th Street, Richmond, IN 47374
Details
APN 891805230225000030
Property Type Retail, Office
Sub Type Traditional Office, Medical Office
Square Footage 6,129
Units 3
Cap Rate 15.00%
NOI $3,097
Occupancy 60%
Tenancy Multi
Lease Type NNN
Lease Expiration 07/31/2029
Remaining Term 3
Rent Bumps Yes
Class B
Year Built 1950
Buildings 1
Stories 2
Acreage 0.150
Zoning Commercial
Parking Spaces 3 spaces
Parking per 1,000 SqFt 0.49
Ground Lease No
Commercial Opportunity I High Traffic Corridor I 1750 SF I Richmond, IN
Marketing description
Take advantage of this exceptional opportunity. This 6129 SF building is 60% leased, with a cap rate of 15%. It is a commercial building situated along a high-traffic corridor with outstanding visibility. The main level of this attractive two-story property, which is for lease, offers a welcoming reception area, multiple office spaces, a shared restroom, a fully equipped kitchenette, a stunning atrium with a fountain, and abundant storage in the full basement. Rich wood craftsmanship and three fireplaces add warmth and character throughout the space. For additional information or to arrange a private showing, contact Alan Stamper at 765-994-8822.
Listing Contacts
Listed by Coldwell Banker Lingle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,097.00
$258.08/mo
Valuation Metrics
0
DSCR
1.13%
Cap Rate
1.13%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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View all 63 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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