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315 NW 5th St
Richmond, IN 47374
Office Property For Sale


Investment Highlights
- Heavily trafficked area
- Open floor plan
- Ample on-site parking
- Drive up window
Executive Summary
Discover this standout 1,072 square foot commercial space in a high-traffic, highly visible West Side location of Richmond. Situated on a prominent corner lot along Northwest 5th Street, the property benefits from excellent exposure, strong traffic counts, and ample on-site parking. The building offers a mostly open floor plan, a commercial restroom, and a convenient drive-up window—well suited for retail, office, or service-oriented businesses. Numerous improvements were completed in 2025, including a new roof, furnace, and air conditioning system, leaving the space in excellent, move-in-ready condition. The property is also offered for lease at $795.00 gross per month and in addition to being available for purchase, providing flexibility for owner-users and investors alike. Additional adjacent land is available for those needing extra space now or in the future. Opportunities like this—clean, updated, and ideally located—are rare on the West Side. For more information or to schedule a private showing, contact Alan Stamper at 765-995-8822.
Property Facts
Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Office
Building Size
1,072 SF
Building Class
C
Year Built/Renovated
1930/2025
Price
$164,118 CAD
Price Per SF
$153.10 CAD
Building Height
1 Story
Typical Floor Size
1,072 SF
Building FAR
0.22
Lot Size
0.11 AC
Zoning
UR - Urban Residential
Property Taxes
| Parcel Number | 89-16-32-310-932.000-030 | Improvements Assessment | $34,093 CAD |
| Land Assessment | $9,683 CAD | Total Assessment | $43,776 CAD |
Property Taxes
Parcel Number
89-16-32-310-932.000-030
Land Assessment
$9,683 CAD
Improvements Assessment
$34,093 CAD
Total Assessment
$43,776 CAD
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