Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

April 14, 2021

LINE-X Expands to Wayne County

 

Durbin Real Estate recently finished negotiations on the sale of an 8,000 square foot East side commercial building bringing another company to our very own Wayne County.   The former printing company building is a perfect location that was months in the making for franchise owner Nick Maghielse, who almost gave up hope of finding a location in the Richmond area as he began looking around other cities in Indiana.  After learning the needs of Line-X, Durbin Real Estate quickly got to work to restore hope in finding the perfect location.  The open space and possibilities the building could offer Line-X with its prime location was quickly recognized by Maghiesle.  This decision by Line-X will bring more jobs to our very own Wayne County!  Renovations are already underway at their new home located at 4714 National Road East on the East Side of Richmond, IN with the goal of opening in the next few months.

LINE-X is the only franchised network in North America that specializes in the automotive aftermarket and a wide range of coating services. With over 25 years of industry experience and technical expertise, LINE-X is widely known as the market leader and the best in the business in terms of spray-on truck bed liners. They pride on working tirelessly and solving complex problems with chemistry (comprehensive product training, follows a multi-point inspection for quality control, and rigorous physical testing. 

As LINE-X expands in Richmond, it will bring more opportunities to the local residents looking to start or further enhance their careers. To conduct your business with LINE-X or to look into employment opportunities, please visit https://www.linex.com.

For the past 20 years, Durbin Real Estate has done over $200 Million in sales and leasing revenue bringing hundreds of jobs to local communities by streamlining the process of buying and selling commercial properties making it easier for first-time and experienced clients.  With industry experts who are made up of caring and knowledgeable professionals who work tirelessly, clients shall receive the best local access and services to commercial, warehouse, retail, industrial, service providers, property managers, lending professionals, title companies and more.  Contact us today to find out how we can be of assistance!  You might be glad you did!

Posted in Market Updates
March 16, 2021

Logistics Company Chooses Richmond For Expansion!

 

Durbin Real Estate recently completed negotiations on the East side Industrial Park expanding a thriving logistics company opening more job opportunities to Richmond, Wayne County, Indiana with wonderful benefits! The deal will allow Shaffer Transport to build their own shop for maintenance, repair, secure a fantastic location for their equipment, allow easy access to Interstate 70 and most importantly STAY IN RICHMOND!

 

Shaffer Transport is newer to the Richmond area and growing fast as more and more companies are learning they can depend on the company to deliver, but the company has a long history beginning as a family trucking business back in 1954 by current owner Mark Shaffer's father. In 2009, the business was formed into Shaffer Transport where they haul a variety of products and material including scrap steel (to OH, KY, IN, IL), flat bed work hauling steel (to OH, KY, IN, IL), dry van freight to not only local companies, but also long distance across the nation and hospital beds to all 48 States to name a few. 

As Shaffer Transport expands in Richmond, it will bring more opportunity to the local residents looking to start or further their career where they can expect great benefits with the company such as: GREAT PAY, insurance stipend after 90 days and proper treatment from management as Shaffer Transport believes that "We DON'T treat drivers like numbers."

To conduct your business with Shaffer Transport or to look into employment opportunities, please contact Mark at Shaffertransport@hotmail.com.

 

 

For the past 20 years, Durbin Real Estate has done over $200 Million in sales and leasing revenue bringing hundreds of jobs to local communities by streamlining the process of buying and selling commercial properties making it easier for first time and experienced clients.  With industry experts who are made up of caring and knowledgeable professionals who works tirelessly, clients shall receive the best local access and services to commercial, warehouse, retail, industrial, service providers, property managers, lending professionals, title companies and more.  Contact us today to find out how we can be of assistance!  You might be glad you did!

 

Posted in Market Updates
Feb. 18, 2021

Life Coming Back to Vacant South Side Building

Durbin Real Estate recently completed negotiations bringing at least six full time jobs to Richmond, Wayne County, Indiana with the possibility of more to come! The deal will help restore and bring life back to a 14,000 square foot building located at 1301 South E Street that has long since lost it's luster when Marsh grocery store vacated several year ago. The new owner will run a general merchandise store that will feature a wide variety of items including housewares, clothing, electronics, and even snack foods at fantastic wholesale prices, Durbin Real Estate would like to welcome Mr. Deals Liquidation to our community!   

 

Mr. Deals Liquidation was founded by Erik Botts who served as a district manager in EZ Pawn for over a decade in Richmond before moving to Indianapolis to a business of his own. He now owns and operates that largest Pawn shop in Indiana called Indy Pawn located on Pendleton Pike in Indianapolis.  Three years ago, after an effort of expanding his business, he began selling new and open-boxed merchandise at a separate location. After a successful run, Mr. Deals Liquidations was born.  Erik is now excited to expand and open his business in Richmond together with his managers who he has worked with for over 20 years. Renovations are currently underway and plans to open to the public are set for March.  

For the past 20 years, Durbin Real Estate has done over $200 Million in sales and leasing revenue bringing hundreds of jobs to local communities by streamlining the process of buying and selling commercial properties making it easier for first time and experienced clients.  With industry experts who are made up of caring and knowledgeable professionals who works tirelessly, clients shall receive the best local access and services to commercial, warehouse, retail, industrial, service providers, property managers, lending professionals, title companies and more.  Contact us today to find out how we can be of assistance!  You might be glad you did!

Posted in Market Updates
Feb. 3, 2021

Team Gear Printing Stays in Richmond

 

Durbin Real Estate recently completed the final puzzle piece for Team Gear Printing's successful run on the East Side of Richmond by selling the building the company has operated in for more than 10 years.  The over 8,000 square foot building located at 4714 National Road East was the last piece of business for owners Tony and Cindy Mendenhall as they were approached last year about their business.  "I was approached by Houston Manufacturing and Design, and they asked if I would ever be interested in selling the business. At the time, I had never really thought about it. From there, we just kept talking and negotiating, and we finally agreed to terms on selling in October of 2020. It all just kind of worked out. God works in mysterious ways." says Tony.

Richmond and Wayne County Schools have come to depend on Tony and his team over the years.  If you play or watch sports from the youth, high school and college level, odds are you've seen his work on all the kids jerseys. 

Team Gear Printing was started in December of 2010. Tony and Cindy bought the screen-printing department from the old Kessler’s Team Sports (BSN Sports). BSN Sports made a decision at the time that they no longer wanted to own any decorating service. Since Tony had worked for Kessler’s Team Sports, starting November of 2000, he took the opportunity and bought the business with his knowledge on how the business all worked, and felt confident that he could be successful.  He and his wife Cindy then purchased the East side location and they enjoyed the ride working with the community.

4714 National Road East

As of today, Team Gear Printing will be moving to Houston Manufacturing and Design, located on Straightline Pike on the south side of Richmond. They currently have 7 employees and all will keep their jobs by keeping the company in Richmond, however once things get moved over and business starts picking up by Spring, they will be adding more people.

Tony will continue with the new ownership as he was hired to run the operation and grow the business even further. He will continue to manage the employees and run the basic day to day operations of Team Gear Printing.

For 10 years, Tony was proud to own and operate Team Gear Printing. "I felt very fortunate to have had the opportunity afforded to me during my time as an owner. It was a difficult decision to sell, but Houston Manufacturing and Design has a vision and the ability to grow Team Gear Printing even more! They want to continue to expand the business and make it bigger and better than ever. He’s very excited about the direction it’s headed and for the future of the company", Tony said.

As for the building Team Gear once operated, the new owners have hired Durbin Real Estate to help guide them through the renovation process and begin looking for new qualified tenants.  If you or someone you know may be interested in learning more about the opportunity of locating your business to the East Side of Richmond, IN., reach out!

For the past 20 years, Durbin Real Estate has done over $200 Million in sales and leasing revenue and has streamlined the process of buying and selling commercial properties by making it easier for first time and experienced clients.  With industry experts who are made up of caring and knowledgeable professionals who works tirelessly, clients shall receive the best local access and services to commercial, warehouse, retail, industrial, service providers, property managers, lending professionals, title companies and more.  Contact us today to find out how we can be of assistance!  You might be glad you did!

 

Posted in Market Updates
Dec. 16, 2020

More Jobs Coming to Richmond!!

Durbin Real Estate recently finished up negotiations on a long term deal bringing another 10-13 jobs to Richmond, Wayne County, Indiana.  The deal will help restore and bring life back to a 20,000 SF building located at 1700 NW 5th St. that has been vacant for over 2 years. Renovations are under way now and will continue through the 1st part of 2021 with a targeted move in date scheduled for March 1st.  Durbin Real Estate would like to thank everyone that was involved from the landlords to the contractors and especially would like welcome Quick Lifts to our community!

Indiana is home to 8,500 manufacturing facilities and the highest concentration of manufacturing jobs in the U.S., supporting one in five jobs. Manufacturers in Indiana have added 107,300 new jobs since July 2009, ranking No. 2 in the nation and growing at a rate of 25 percent. 

 

Quick Lifts, LLC, will support additional families who are seeking jobs especially during the pandemic.  Quick Lifts is an Indiana owned and operated company located in Indianapolis.  They specialize in a variety of equipment and services to help you get your job completed on-time and on budget.  With their new fleet of JLG Scissors, Knuckles, and Personnel lifts customers can count on quality construction equipment to be delivered to their jobsite. Whether in the market to purchase or rent, they have the tools needed to get the job done.  Quick Lifts can also assist with dirt work by using Excavators, Backhoes, or Skid steers.  Their skilled mechanics can also work on problems with equipment that’s been damaged or needs regular maintenance.

 

If you’re considering to lease, purchase or invest in a commercial property, then look no further! For the past 20 years, Durbin Real Estate has done over $200 Million in sales and leasing revenue and has streamlined the process of buying and selling commercial properties by making it easier for first time and experienced clients.  With industry experts who are made up of caring and knowledgeable professionals who works tirelessly, clients shall receive the best local access and services to commercial, warehouse, retail, industrial, service providers, property managers, lending professionals, title companies and more.  Contact us today to find out how we can be of assistance!  You might be glad you did!

 

Posted in Market Updates
July 29, 2020

New Manufacturing Jobs Coming to Richmond!

 Phillips Tube Group Chooses Richmond!

 

Durbin Real Estate would like to thank Phillips Tube Group for choosing us to represent them on their first Indiana location as they aggressively expand into the Midwest Steel industry.  This decision by Phillips will bring good paying manufacturing jobs to our very own Wayne County!

On July 29, 2020 - Phillips Tube Group, a welded steel tube manufacturer, announced they will locate a new facility in Richmond, IN after purchasing the former Matthews manufacturing building located at 401 Industrial Parkway in the Eastern Indiana Industrial Park.

During this long process, Phillips Tube Group, originally had their eyes set for their Indiana expansion to be in New Castle, IN, even having a building under contract.  After long negotiations and having Phillips give us the opportunity to to showcase our great city, prime logistical location, as well as keeping an open mind to view one of our top of the line manufacturing facilities, Durbin Real Estate was able to establish trust with top leaders at  Phillips that our city was and is fully capable to accommodate all their manufacturing needs.

Phillips Tube Group is an industry leader offering fabrication-ready tubing, including small diameter tubing with special coatings and surface modifications to withstand the most extreme conditions. Customers include Chrysler, Ford, General Motors, Honda, Nissan, Toyota, Nortek and Lennox. The company plans to invest $8.2 million and hire 30 new full-time employees by 2024 paying an average hourly wage of $26.

For more information, you can also visit https://www.pal-item.com/story/news/local/2020/07/29/phillips-tube-group-bring-30-higher-paying-jobs-richmond/5534672002/ or www.phillipstube.com .

 

Posted in Market Updates
March 13, 2020

Commercial Real Estate

WHAT IS COMMERCIAL REAL ESTATE?

 

Commercial Real Estate is any non-residential property used for producing income or commercial profit-making purposes. Commercial Real Estate includes retail, hotels, office buildings, apartment buildings, industrial buildings, etc.

 

Example:

  “A company, tenant(lessee) wanted to open up a salon and spa in Indianapolis.  The property is owned by a landlord(lessor). Instead of spending capital to purchase a building, a tenant(lessee) can find more benefits by leasing a building from the lessor. The tenant will lease the floor space from the company and pay the monthly rent and other cost depending on the negotiations of any lease.  From here on, the tenant(lessee) will have a signed contract for a certain amount of time most likely 3 to 5 years to stay in the real estate with little to no capital to begin her venture. Both parties sign the lease agreement and a new business is established. “

This is a good example of how a smaller commercial real estate transaction can take place in a lessee or lessor's standpoint.

 

Importance and Economy

According to Real Estate Data story as of 2018, with a total of $543 billion, Commercial Real Estate contributed 3% of total economic input in the US.  Commercial Real Estate also provides for a tenant, as you can see the example from above, many investors have place money on real estate as supposed to stocks.

As the world population grows, the demand for real estate increases over time. And since properties are limited resources, investments are guaranteed to appreciate especially for long-term plans. Like any other investment, risk is involved, see your financial advisor or your real estate broker to learn more.

 

 

What’s next?

If you’re considering to lease, purchase or invest on a commercial property, then look no further! Durbin Real Estate, a 20-year-old company of over $200 Million Revenue, has streamlined the process of buying and selling commercial properties by making it easier for first time and experienced clients.  With industry experts who are made up of caring and knowledgeable professionals who works tirelessly, clients shall receive the best local access and services to commercial, warehouse, retail, industrial building, service providers, property managers, lending professionals, title companies and more.  Contact us today to find out how we can be of assistance!

 

 

 

 

 

 

 

 

 

Posted in Market Updates
Nov. 27, 2019

Former Home to NAPA Auto Parts & PK Lumber is SOLD

Durbin Real Estate just recently closed on the sale of 801 NW 2nd Street in Richmond, IN.  This building was former home to PK Lumber for several years and NAPA auto parts most recently.

Coffee Auction Company purchased the building for for their Auction company as their business continues to grow.  Coffee Auctions have been around the Wayne County area for years and specialize in Estate, Personal Property, Real Estate and Fundraising Auctions.  

 

Aerial of 801 NW 2nd

 

The property consist of over 5 acres with a secure lot.  The main building is just over 10,000 SF and will give Coffee Auction company plenty of room and security for it's clients personal property auctions and more.  There are four more buildings on the 5 acre lot that consist of over 25,000 SF giving the auction company well over 35,000 square feet for storage and growth.

Front of Building

Durbin Real Estate specializes in all aspects of Real Estate and has been servicing Wayne County for 20 years.  Durbin Real Estate most recently expanded it's operations into the Indianapolis market too.  Are you looking for property?  Curious about your value?  Visit www.DurbinRealEstate.net for more information or a private consultation.

 

Posted in Market Updates
Sept. 13, 2019

Recovery Works to Add 32 More Beds

Ground Breaking Ceramony at I-70/SR 1 Location

Durbin Real Estate successfully negotiates a 32 Bed Expansion for Recovery Works, a sister company to Pinnacle Treatment facilities.  The deal includes the sale of an additional 3.5 Acres and lease extension allowing for the successful expansion. 

Recovery Works currently has a 32-bed facility, set up in two sections. One section is 16 beds for women and the other provides 16 beds for men.  When it opened, Recovery Works was the first detoxification facility in Wayne County.  Recovery Works expects to break ground on their expansion as early as next week giving them a total of 64 Beds.

Durbin Real Estate initially negotiated a long term deal back in 2016 bringing them to the Wayne County area because of the obvious needs.  In January 2017 they opened their doors for the 1st time and served an estimated 250 patients in the first year alone.   

If you or anyone you know and love struggles with addiction reach out to them at (844)768-1193.  You can also visit them at their location in Cambridge city located below.

 

2060 State Road 1 North

Cambridge City, IN 47327
Phone: 1 (844) 768-1193

 

Published, By Durbin Real Estate, LLC.

 

 

July 31, 2017

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Posted in Market Updates