Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
Courtesy of Tarter Realty Auction and Appraisal Company, Paul Faddis, 765-994-8533
4,056 sqft

$25

4711 E National Road, Richmond IN, 47374

Price per sqft$0.01
Built in1989
Property size4,056 sqft
Property typeCommercial

Overview

Active

Updated 2 weeks ago

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.

Additional information

MLS® ID
202623415

Interior Features

Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$21,306
Tax Frequency
Annually
Furnished
Yes
MLS provider logo

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Masterson & Associates Inc shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 9/24/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by the MLS, and that the use of the MLS data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time. 

©2026 Indiana Regional MLS. All rights reserved.

Data last updated 3:44 AM UTC, 9/24/2026

DMCA Notice

 

Powered by Luxury Presence