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801 E Main St
Richmond, IN 47374
Retail Property For Sale


EXECUTIVE SUMMARY
Exceptional opportunity to own a cornerstone property in the heart of Downtown Richmond’s historic district. This 2-story, mixed-use commercial building spans 5,415 total square feet and sits prominently on Main Street with maximum visibility and foot traffic. Featuring ground-floor retail space, flexible upper floors, a full basement, and a rear garage with an over head door, the property is primed for retail, office, studio, storage, or potential residential conversion. Positioned on 0.1350 acres, the structure was originally built in 1934 and tastefully updated in 2017. It offers three parking spaces, 14-ft ceilings, gas forced air heat, and central air throughout. Utilities are on city services with electric, gas, and water, and the space is well-lit with fluorescent lighting. This location benefits from being at the epicenter of Richmond’s ongoing $100M+ revitalization effort—including over $55 million in historic redevelopment, $25 million in Lilly Endowment grants, and $21.2 million in citywide public improvements. With $2.39 million in ARPA funds and additional infrastructure upgrades underway, the area is experiencing rapid transformation in walkability, lighting, and commercial appeal. The property also lies in an Enterprise Zone and Historic District, offering potential tax credits. Strategically located at the corner of 8th and Main, this building offers unmatched exposure and investment potential in a downtown poised for long-term growth and economic resurgence. CONTACT PETEBASFORD AT 765-993-9910 OR ALAN STAMPER AT 765-994-8822 FOR A PRIVATE SHOWING
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,830 SF
Building Class
C
Year Built/Renovated
1934/2017
Price
$550,000
Price Per SF
$50.78
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C-3
Frontage
56’ on Main St
PROPERTY TAXES
| Parcel Number | 89-18-05-220-209.000-030 | Improvements Assessment | $63,800 |
| Land Assessment | $14,100 | Total Assessment | $77,900 |
PROPERTY TAXES
Parcel Number
89-18-05-220-209.000-030
Land Assessment
$14,100
Improvements Assessment
$63,800
Total Assessment
$77,900
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