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Commercial Buildings on 3 Acres in Richmond, IN


Property Inspection

Wednesday, January 9th
11AM – 2PM (ET)

Onsite Auction

Wednesday, January 23rd
1PM (ET)

Auction Details

Property & Auction Address: 3721 National Rd W, Richmond, IN 47374

Bid your price for this outdoor retail property with 3 acres and 175′ of frontage on US 40. The property features 2 buildings totaling 8,480 square feet and 12′ – 14′ ceiling heights in the shop and warehouse areas for . This property is ideal for Sales, Rental, Service or Storage of Ag Equipment, Commercial Trucks, RV’s and/or Heavy Equipment with the setup and exposure to over 12,000 vehicles daily on US 40. Come bid your price to buy on auction day!

Additional due diligence documents are available for download below.

General Property Details
Address 3721 US Highway 40, Richmond, Indiana 47374
Zoning OC (Outdoor Commercial) & R2 (Medium Density Single-Family)
Parcel Number 89-10-22-320-202.000-005
Lot Size 3.0 Acres
Frontage Area 175 feet on US Highway 40/W. National Rd.
Assessed Tax Value $279,600 (2018)
Semi-Annual Taxes $4,058.56 (2017 pay 2018)
Appraised Value $193,500
Appraisal Date August 22, 2017
                                                          Front Building (Occupied)
Building Size 4,880 square feet
Construction Type Concrete Block
Roof Type Pitched, Metal Sheeting
Year Built 1948 (per Wayne Co. Assessor)
HVAC Type Gas-Forced Heat in Office Area, None in Shop
Clear Ceiling Height 14′ in Drive-Thru & rear Overhead Bays
Parking Lot Gravel
Other Pertinent Data (5) Overhead Doors – (3) 14′ x 14′, (1) 10′ x 14′ & (1) 8′ x 8′
  East end of front building is a self-contained Drive-Thru Bay.
  Tenant is Body Shop who has paid $800/mth since 8/2011.
  Tentant to retain right to stay for up to 90 days after closing.
                                                          Rear Building (Vacant)
Building Size 3,600 square feet (45′ x 80′)
Construction Type Wood Framed, Metal Sheet Sided
Roof Type Pitched Shingle Roof
Year Built 1961 (per Wayne Co. Assessor)
Clear Ceiling Height  
Parking Lot Gravel
Other Pertinent Data (1) Overhead Door, 14′ x 14′
  Rear of building has sliding barn-style access door.

 General Auction Terms
Required Down Payment $10,000 cashier’s check, increased to 10% within 3 business days.
Closing Time 30 days after auction (February 22, 2019).
Tax Administration Prorated to date of closing.
10% Buyer’s Premium 

Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: Multiple Sellers 

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