Kokomo Retail Investment
For Sale
$1,360,000
508 E Southway Boulevard, Kokomo, IN 46902
COMMERCIAL/INDUSTRIAL, Kokomo, IN
Property SizeContact for details
Lot Size0.87 Acres
Days on Market533
Property Features for 508 E Southway Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-2
Security features
Security System
Interior features
Security System, Carpeting, Restroom(s), 220 Volts, Handicap Access
Accessibility
Accessible Approach with Ramp
Subdivision
Kokomo
Standard status
Active
APN
34-10-18-101-034.000-002
Lot size
0.87 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Listing Agency:
REMAX R.E.A. · RE/MAX International
(812) 235-4433
Listed By:
Dave Cash · License #RB14017104
(812) 243-0930
Added: Mar 11, 2025
Changed: Aug 19
Last Checked: Aug 25 at 12:06PM
MLS# 105764
Copyright © 2026 Terre Haute Area Association of Realtors. 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 two-tenant building is located on high-traffic Southway Blvd in Kokomo, IN. It is currently home to ATI Physical Therapy and a restaurant with multiple locations. The property has a net operating income (NOI) of $105,630, representing a 7.8% cap rate. The property is in great condition and presents a great investment opportunity. The lot size is 0.87 acres. The zoning is C-2. ATI has a NNN lease covering 55% of the building, and Ramen Tea contributes $17,124 toward taxes, CAM, and insurance, leaving the owner with only $1,100 in expenses per year.
Key Highlights
- High traffic location on Southway Blvd.
- Net Operating Income (NOI) of $105,630 (7.8% Cap Rate)
- Two established tenants: ATI Physical Therapy (NNN Lease 55%) and Ramen Tea
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
224k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 20%
Home Improvements & Furnishings 15%
Electronics 2%
Lowe's
Home Improvements & Furnishings
34,105 visits/mo
0.4 miles
McDonald's
Dining
26,824 visits/mo
0.3 miles
Olive Garden
Dining
18,767 visits/mo
0.5 miles
Starbucks
Dining
18,345 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,539 visits/mo
0.1 miles
Demographics for 46902, IN
36,038
Population
18,004
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
711
Density / Sq Mi
$59,548
Median Household Income
$36,902
Median Earnings
$929
Median Rent
$154,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two-tenant building on high-traffic Southway Blvd. with strong income.
Where is this retail space located?
The property is located at 508 E Southway Boulevard Kokomo, IN.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: High traffic location on Southway Blvd.; Net Operating Income (NOI) of $105,630 (7.8% Cap Rate); Two established tenants: **ATI Physical Therapy (NNN Lease 55%) and Ramen Tea**
