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600 E Main St

34,096 SF Office Building Richmond, IN 47374 $1,400,000 ($41/SF) 12.50% Cap Rate

Investment Highlights

  • 34,000 SF well maintained office building
  • Energy efficient building
  • Downtown; located in an Federal Opportunity Zone with a current revitalization program in the downtown
  • New carpet and paint throughout

Executive Summary

Outstanding opportunity to acquire a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new carpeting and fresh paint throughout. For more information or a private tour, please call Alan Stamper at 765-994-8822.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
34,096 SF
Building Class
C
Year Built
1924
Price
$1,400,000
Price Per SF
$41
Cap Rate
12.50%
NOI
$175,000
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
8,524 SF
Building FAR
2.90
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
C-2 - Designed to accommodate a wide range of commercial activities.

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Lower Level
  • 5,880 SF
  • Office/Medical
  • -
  • Now

Outstanding opportunity to lease a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive market rate apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new elevators, carpeting and fresh paint throughout.

  • 1st Floor
  • 9,400 SF
  • Office/Medical
  • -
  • Now

Outstanding opportunity to lease a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive market rate apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new elevators, carpeting and fresh paint throughout.

  • 2nd Floor
  • 9,400 SF
  • Office/Medical
  • -
  • Now

Outstanding opportunity to lease a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive market rate apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new elevators, carpeting and fresh paint throughout.

  • 3rd Floor
  • 9,400 SF
  • Office/Medical
  • -
  • Now

Outstanding opportunity to lease a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive market rate apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new elevators, carpeting and fresh paint throughout.

Space Size Space Use Condition Available
Lower Level 5,880 SF Office/Medical - Now
1st Floor 9,400 SF Office/Medical - Now
2nd Floor 9,400 SF Office/Medical - Now
3rd Floor 9,400 SF Office/Medical - Now

Lower Level

Size
5,880 SF
Space Use
Office/Medical
Condition
-
Available
Now

1st Floor

Size
9,400 SF
Space Use
Office/Medical
Condition
-
Available
Now

2nd Floor

Size
9,400 SF
Space Use
Office/Medical
Condition
-
Available
Now

3rd Floor

Size
9,400 SF
Space Use
Office/Medical
Condition
-
Available
Now

Lower Level

Size 5,880 SF
Space Use Office/Medical
Condition -
Available Now

Outstanding opportunity to lease a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive market rate apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new elevators, carpeting and fresh paint throughout.

1st Floor

Size 9,400 SF
Space Use Office/Medical
Condition -
Available Now

Outstanding opportunity to lease a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive market rate apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new elevators, carpeting and fresh paint throughout.

2nd Floor

Size 9,400 SF
Space Use Office/Medical
Condition -
Available Now

Outstanding opportunity to lease a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive market rate apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new elevators, carpeting and fresh paint throughout.

3rd Floor

Size 9,400 SF
Space Use Office/Medical
Condition -
Available Now

Outstanding opportunity to lease a well-maintained, four-story office building in the heart of downtown Richmond, IN. This prime location is set to benefit from a revitalization grant, which includes the construction of new executive market rate apartments right across the street. Furthermore, several significant improvements are planned for downtown Richmond, making this an ideal chance for your business to join and thrive in this growing area. The energy-efficient building features new elevators, carpeting and fresh paint throughout.

Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
89-16-32-440-502.000-030
Land Assessment
$22,100
Improvements Assessment
$189,800
Total Assessment
$211,900
  • Listing ID: 32705737

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 600 E Main St, Richmond, IN 47374

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