4711 E National Road Richmond, IN $ 1,195,000
4711 E National Road
$ 1,195,000
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4711 E National Road

Richmond, IN, 47374
$ 1,195,000
Bedrooms-- Baths2.0 Sq 4,056

Monthly Estimate*

$ 7,358

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Commercial Property for sale in Richmond, IN

for $1,195,000 with 2 full baths. This 4,056 square foot building was built in 1989 on a lot size of 0.11.

Strategically positioned on the Interstate 70 corridor at one of Richmond's highest-traffic commercial nodes, this freestanding former Fazoli's presents a compelling multi-use opportunity for investors, franchise operators, and developers alike.? The building conveys fully equipped with commercial kitchen infrastructure and a functional drive-thru lane, providing a rare, immediate-occupancy advantage that dramatically compresses time-to-open and reduces build-out capital requirements for the right operator.? Richmond serves as the urban and economic hub of Wayne County and anchors a seven-county trade region with over 209,000 residents and a regional income base exceeding $10.4 billion.? The E.? National Road corridor has evolved into one of Indiana's strongest retail concentrations east of Indianapolis - anchored by Walmart, Lowe's, Kohl's, AMC Theatres, Cracker Barrel, Bob Evans, Taco Bell, and Walgreens, establishing consistent consumer traffic that supports virtually every QSR, fast-casual, and service retail format.? The property's location near the Indiana-Ohio state line adds a meaningful transient traffic component.? With I-70 terminating at the Ohio border just miles east, this site captures both inbound and outbound interstate travelers - a dual demand driver that distinguishes it from comparable Richmond retail pads.? Additional institutional traffic generators within five miles include Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College.? Three deal structures are available to accommodate the full range of ownership, franchise, and developer requirements: purchase the land and building outright, lease the existing space as-is on a NNN basis, or pursue a land lease for ground-up build-to-suit development.?

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Commercial Active

Price

$ 1,195,000

Full Bath

2

Property Type

Commercial

Taxes

$ 21,306

Style

Restaurant/Bar

Lot Size

0.11

Year Built

1989

Town/City

Richmond

County/Region

Wayne

MLS | Web ID

202623364

Features
General
Heating Gas Forced Air
Cooling Central Air
Ceiling Height 10
Roof Shingle
Parking Yes Lot
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 2
Year Built 1989
New Construction No
Subdivision None
Stories Count 1
Township Wayne
Class COMMERCIAL
Present Use Investment Property
Type Restaurant/Bar
Age 37
Inside City Limits Yes
Special Features Office Space Ansel System Refrigeration/Freezer
REO No
Status Detail 0
Area Wayne County
Location City
City Richmond
Legal Description PT SE SEC 35-14-1 0.109A
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202623364
Agent First Name Paul
Agent Last Name Faddis
DOM 3
Tax Year 2026
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Exterior
Road Access City
Exterior Stucco
Lot Size Area 4792
Lot Dimensions 0.11 acres
Parking Type Lot
Waterfront Y/N No
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Interior
Flooring Carpet Tile
Basement/Foundation Slab
Walls Drywall Other
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* Excluded Features
List By
Paul Faddis

Listing Agent

Tarter Realty Auction And Appraisal Company

Broker

paulfaddis@teamtarter.com

Email

Affordability Calculator

$9,133
Per Month
81%
19%
0%
Monthly Principal & Interest
$7,358
Monthly Property Taxes
$1,776
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$1,195,000 Listed Price

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4711 E National Road, Richmond, IN, 47374 is a Commercial Property for sale at $1,195,000 with 4,056 sqft and a lot size of 0.11. 4711 E National Road has 2.0 baths and was built in 1989. The property's zip code is 47374 which is in Richmond, IN