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Listed by Tarter Realty Auction and Appraisal Company
$ 25
2 Baths
4,791 Sqft Lot
$ 25
2 Baths
4,791 Sqft Lot
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Rent
MLS Listing ID IRM202623415
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 Sub-Type Restaurant
Property Description
Strategically positioned on the Interstate 70 corridor at one of Richmond's highest-traffic commercial nodes, this freestanding former Fazoli's presents a compelling multi-use opportunity for investors, franchise operators, and developers alike. The building conveys fully equipped with commercial kitchen infrastructure and a functional drive-thru lane, providing a rare, immediate-occupancy advantage that dramatically compresses time-to-open and reduces build-out capital requirements for the right operator. Richmond serves as the urban and economic hub of Wayne County and anchors a seven-county trade region with over 209,000 residents and a regional income base exceeding $10.4 billion. The E. National Road corridor has evolved into one of Indiana's strongest retail concentrations east of Indianapolis - anchored by Walmart, Lowe's, Kohl's, AMC Theatres, Cracker Barrel, Bob Evans, Taco Bell, and Walgreens, establishing consistent consumer traffic that supports virtually every QSR, fast-casual, and service retail format. The property's location near the Indiana-Ohio state line adds a meaningful transient traffic component. With I-70 terminating at the Ohio border just miles east, this site captures both inbound and outbound interstate travelers - a dual demand driver that distinguishes it from comparable Richmond retail pads. Additional institutional traffic generators within five miles include Reid Health, Indiana University East, Ivy Tech Community College, and Earlham College. Three deal structures are available to accommodate the full range of ownership, franchise, and developer requirements: purchase the land and building outright, lease the existing space as-is on a NNN basis, or pursue a land lease for ground-up build-to-suit development.
Location
State IN
Rooms
Basement Slab
Interior
Heating Forced Air
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 IRM202623415
Listing Terms IRM202623415
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202623415
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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