1845 W Main Street, Richmond, IN 47374

Property Description

Prime high-yield investment opportunity at 1845 W Main St in Richmond! Ideally situated on a highly trafficked road on the west side of town, this expansive commercial property offers approximately 20,304 sq ft and includes a partial warehouse/storage area—adding flexibility and functionality for a variety of uses. This property has been extensively updated, featuring all new flooring, fresh paint throughout, fully renovated bathrooms, updated offices and conference rooms, brand new HVAC systems and furnaces, a new roof, and a new commercial-grade playground, along with many additional improvements. Truly a turnkey investment with major capital expenses already addressed. Currently leased to a strong tenant on a 5-year term with renewal options, the property boasts an impressive 18.5% CAP rate—yeah, that’s not a typo. Ownership responsibilities are minimal and include major structural components such as the roof and HVAC (both brand new and routinely serviced), along with security doors, an updated fire system, and property taxes. The large parking lot provides an abundance of parking, making it ideal for high-traffic operations. This property is ideally suited to be paired with 1900 S L St, also located in Richmond and leased to the same tenant, creating a powerful investment package—but the owner is open to reviewing all offers and structures. If you’re looking for strong cash flow with peace of mind on the big-ticket items, this one checks the boxes. Call or text Derek Callahan at 765-277-1910 for more information or to schedule your private tour today!