NOT LISTED FOR SALE

600 Commerce Rd Richmond, IN 47374

Estimated Value: $3,845,190

1.94 Acres
$1,982,057 Price per Acre
84,506 Sq Ft Lot

Last Sold August 16, 2018

Last sale price $200,000

Est. 1,823% increase in value since last sale

Current estimated payment $23,855/month

284 Days on Market

About This Lot

As of August 2018

Large Commercial lot on east side of Richmond Indiana, (behind McDonalds & next to Wings & Rings) Ideal for Restaurant. All Survey & Environmental complete. Site can be seen from I-70.

Last Agent to Sell the Property

JIM BACKMEYER

RE/MAX At The Crossing License #RB14051223 Listed on: 07/27/2017

Last Buyer's Agent

Luke Durbin

Durbin Real Estate, LLC License #RB14048157

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $36,795

Lot Details

  • 1.94 Acre Lot

Property Details

Property Type

Land

Est. Annual Taxes

$36,795

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 600 Commerce Drive
  • Second Address Number: 600
  • Geo Address Line: 600 Commerce Rd
  • Geo Longitude: -84.82626
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Secondary City: Wayne
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • OFFICELIST_STATE: IN
  • Restrictions: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Type: 0 - 5 Acres

Exterior Features

  • Structure: No

Utilities

  • Electric Company: Richmond Power & Light
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Hot Water: City
  • Electric: Available
  • Gas Company: Natural Available

Fee Information

  • Tax Class: LOTS AND LAND

Lot Info

  • Geo Update Timestamp: 2018-04-17
  • Estimated Number Acres: 1.94
  • Land Contract: No
  • Zoning: Business

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2023
Sold by
Richmond Commerce Road Llc
Bought by
Realty Income Properties 18 Llc
Current Estimated Value
$3,845,190

Purchase Details

Closed on
Apr 28, 2023
Sold by
Iom 2 Llc
Bought by
Richmond Commerce Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,000
Interest Rate
4.2%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Realty Income Properties 18 Llc $3,416,910 None Listed On Document
Richmond Commerce Road Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richmond Commerce Road Llc $984,000
Previous Owner Richmond Commerce Road Llc $2,183,000
Previous Owner Iom 2 Llc $720,000
Previous Owner Dils Heather M $760,000
Previous Owner Iom 2 Llc $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2018 08/16/18 Sold $200,000 -99.9% --
05/07/2018 05/07/18 Pending -- -- --
07/27/2017 07/27/17 For Sale $215,000,000 -- --
Source: Richmond Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $36,795 $1,226,500 $186,000 $1,040,500
2023 $18,219 $607,300 $318,300 $289,000
2022 $20,676 $689,200 $368,300 $320,900
2021 $13,122 $437,400 $286,400 $151,000
2020 $12,975 $432,500 $286,400 $146,100
2019 $13,293 $443,100 $286,400 $156,700
2018 $13,023 $434,100 $292,700 $141,400
2017 $12,519 $417,300 $292,700 $124,600
2016 $12,519 $417,300 $292,700 $124,600
2014 $11,943 $398,100 $292,700 $105,400
2013 $11,943 $1,223,200 $598,500 $624,700
Source: Public Records

Agents Affiliated with this Home

  • JIM BACKMEYER

    Seller's Agent in 2018

    JIM BACKMEYER

    RE/MAX At The Crossing

    (765) 969-5000

    2 Total Sales

    JIM BACKMEYER
    Section Image

  • L

    Buyer's Agent in 2018

    Luke Durbin

    Durbin Real Estate, LLC

    (765) 575-4600

    22 Total Sales

    Luke Durbin
    Section Image
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Map

Source: Richmond Association of REALTORS®

MLS Number: 10031568

APN: 89-16-36-320-202.000-030

Indiana Wayne County Richmond 47374

600 Commerce Rd, Richmond, IN

This home is located at 600 Commerce Rd, Richmond, IN 47374 since 27 July 2017 and is currently estimated at $3,845,190. 600 Commerce Rd is a home located in Wayne County with nearby schools including Charles Elementary School, Julia E. Test Intermediate School, and Richmond High School.

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