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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 10/22/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1989 |
| COUNTY | Wayne | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Oct 22, '26 | $1,195,000 |
|---|---|
| Oct 22, '26 - Today | $995,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Water Heater |
| CONSTRUCTION | Stucco |
| HEAT | Forced Air, Natural Gas |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 0.11 acres |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | None |
| TAXES | 21306 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
Listed with Paul Faddis, Tarter Realty Auction and Appraisal Company
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 10/23/26 3:31 AM PDT
Walk Score provided by walkscore.com
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 10/23/26 3:31 AM PDT
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2026.
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