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609 Commerce Rd
Richmond, IN 47374
Fedex Express · Industrial Property For Sale

Investment Highlights

  • Combination of high ceilings and substantial office space creates a versatile layout for a variety of industrial and commercial applications
  • Conveniently located just off the I-70/US-40 interchange, with excellent access to major north-south transportation corridors, including I-65 and I-75
  • Ideal for transportation, warehousing, distribution, logistics, or manufacturing

Executive Summary

This ±13,375 SF industrial facility has been home to FedEx since 1987, serving Richmond and the surrounding markets. The property is strategically positioned for transportation, distribution, warehousing, and light manufacturing uses.
Investment Highlights:
• Corporate FedEx tenancy with nearly 2 years remaining on the existing lease
• FedEx Corporation is a global leader in express transportation and logistics
• FedEx Corporation has a market capitalization of approximately $70 billion and an S&P BBB credit rating
• ±13,375 SF building situated on a generous ± 2.44-acre site
• Combination of high ceilings and substantial office space creates a versatile layout for a variety of industrial and commercial applications
• Ideal for transportation, warehousing, distribution, logistics, or manufacturing
Strategic Location:
The property is conveniently located just off the I-70/US-40 interchange, with excellent access to major north-south transportation corridors, including I-65 and I-75. The surrounding trade area features numerous national retailers and commercial users, including Walmart, Kroger, Dick's Sporting Goods, Best Buy, and others.
Richmond's central location provides convenient access to major Midwest markets, including Indianapolis, Cincinnati, Columbus, and Fort Wayne, making the property well positioned for regional distribution and logistics operations.
Richmond is also home to four higher-education institutions: Earlham College, Indiana University East, Ivy Tech Community College of Indiana, and Purdue Polytechnic Institute – Richmond.
For additional information, please contact Alan Stamper at 765-994-8822.

Property Facts

Sale Type Investment
Cap Rate 6%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Service
  • FlexLight Distribution
Building Class B
Lot Size 2.44 AC
Rentable Building Area 13,375 SF
No. Stories 1
Year Built 1987
Tenancy Single
Parking Ratio 3.44/1,000 SF
Zoning ZO01 - Commercial

Property Taxes

Property Taxes

Parcel Number
89-16-36-100-128.002-030
Land Assessment
$243,500
Improvements Assessment
$191,800
Total Assessment
$435,300
  • Listing ID: 41636454

  • Date on Market: 8/10/2026

  • Last Updated:

  • Address: 609 Commerce Rd, Richmond, IN 47374

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