Retail Storefront Building with
145 CREEKSIDE Drive Kokomo, IN 46901
145 CREEKSIDE Drive, Kokomo, IN, 46901
$275,000
For Sale
$275,000
COMMERCIAL - Kokomo, IN
Property Size1,800 SF
Lot Size0.68 Acres
Price / SF$152.78
Days on Market153
Property Features for 145 CREEKSIDE Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 34-04-31-227-018.000-002
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- SYCAMORE PLAZA S/D SEC 1 LOT 14
- Tax Annual Amount
- 4700
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1986
- Flooring type
- Concrete, Carpet
- Roof type
- Shingle
Listing Agency
RE/MAX Realty One
(765) 454-7300
1801 S Elizabeth St, Kokomo, IN
Listed by
Naomi Eason · License #RB14050023
(765) 434-8840
Added: Feb 16 Checked: Jul 19 at 8:06 am
MLS# 202604786
Copyright © 2026 REALTORS Association of Central Indiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial storefront building totals over 1,800 square feet and was built in 1986. It sits on a 0.68-acre lot and is offered for sale with lots of parking on site.
The property is located at 145 Creekside Drive in Kokomo, Indiana, with access to Route 931, supporting convenient drive-in access for customers and visitors.
The offering provides a straightforward retail-focused building footprint with on-site parking and room to operate from a dedicated commercial structure.
The property is located at 145 Creekside Drive in Kokomo, Indiana, with access to Route 931, supporting convenient drive-in access for customers and visitors.
The offering provides a straightforward retail-focused building footprint with on-site parking and room to operate from a dedicated commercial structure.
Key Highlights
- Over 1,800 sq. ft. commercial building
- Built in 1986
- Sits on a 0.68‑acre lot
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $15.96 |
| − Vacancy | −$1.3k | −$0.70 |
| EGI | $27.5k | $15.26 |
| − OpEx | −$8.2k | −$4.58 |
| NOI | $19.2k | $10.68 |
1,800 SF · lease $15.96/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$274.6K
$240.3K – $320.4K
NOI $19,225 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,225 @ 7.0% cap · market cap 36.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lovers Garden by ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Built in 1986, this storefront building offers ample parking and access to Route 931.
Where is this storefront property located?
The property is located at 145 CREEKSIDE Drive Kokomo, IN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Over 1,800 sq. ft. commercial building; Built in 1986; Sits on a 0.68‑acre lot
