This commercially zoned property in the heart of Richmond offers incredible potential for investors and business owners alike. The downstairs storefront provides a great space for retail, office, or service-based businesses, while the upstairs features efficiency apartments—perfect for rental income. The building does need some work and updating, making it a great opportunity for those looking to renovate and add value. With its high-visibility location and versatile layout, this property has endless possibilities. Being sold as-is, this is your chance to bring your vision to life and transform this space into a thriving business and residential hub. Don’t miss out on this affordable investment opportunity in a prime location! For more details or to schedule a viewing, contact The Diamond Class Care Team today! 765-233-6360
Pending
Price cut: $8K (4/8)
$22,000
242 S 8th St, Richmond, IN 47374
6beds
--baths
3,398sqft
Est.:
Duplex, Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$6/sqft
$-- HOA
What's special
Downstairs storefront
- 66 days
- on Zillow |
- 240 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 12:50pm
Listed by:
Alfredo Diamond,
Better Homes and Gardens First Realty Group
Source: RLMS,MLS#: 10050394

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Rooms
- Room types: Basement
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 3,398
- Total interior livable area: 3,398 sqft
Property
Features
- Levels: 2.5
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 40 x 130
Details
- Parcel number: 891805240309.000030
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Foundation: Basement, Crawl, Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 1910
Utilities & green energy
- Electric: Richmond Power and Light
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $6/sqft
- Tax assessed value: $18,900
- Annual tax amount: $566
- Date on market: 2/18/2025
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