REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Paul Faddis • Tarter Realty Auction and Appraisal Company
$ 995,000
Est. payment | /mo
2 Baths
4,791 Sqft Lot
$ 995,000
Est. payment | /mo
2 Baths
4,791 Sqft Lot
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202623364
HOA Y/N No
Year Built 1989
Annual Tax Amount $21,306
Tax Year 2026
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 0.11 acres
Property Description
this Former Fazoli's sits in one of Richmond's busiest commercial areas along the Interstate 70 corridor. The site already benefits from steady traffic generated by surrounding national brands, I-70 travelers, and local residents, making it a strong opportunity for redevelopment, a new retail user, or an investor. For a QSR or fast-casual operator, the existing 4,056 SF building conveys with a fully equipped commercial kitchen and functional drive-thru, reducing build-out time and cost. Richmond is the economic hub of Wayne County, home to more than 66,000 residents. The E. National Road corridor is a well-established retail destination, with surrounding national brands including Walmart, Lowe's, Kohl's, AMC Theatres, Cracker Barrel, Jimmy John's, Taco Bell, and Walgreens drawing consistent customer traffic to the area. Located minutes from I-70 Exit 156A and less than two miles from the Indiana-Ohio state line, the property captures both inbound and outbound interstate travelers. Additional traffic comes from Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College, all within five miles. The property is zoned General Commercial, and negotiable terms are available: purchase the land and building, lease the existing building as-is on a NNN basis at $25.00/SF, or pursue a land lease.
Location
State IN
County Wayne County
Rooms
Basement Slab
Interior
Heating Gas, Forced Air
Inclusions Building, Inventory
Fireplace N
Exterior
Parking Features Parking Lot
View Y/N true
Building
Sewer Public Sewer
Water City
New Construction No
Others
Pets Allowed No
Tax ID 89-16-35-440-206.003-030
Acceptable Financing IRM202623364
Listing Terms IRM202623364
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202623364
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
GET MORE INFORMATION