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    508 W Madison St Kokomo, IN 46901

    For Sale
    Contact for pricing

    Residential Land - Kokomo, IN

    Lot size:
    0.09 Acres
    Days on Market:
    140
    Last Refresh:
    Dec 11 at 11:06 am

    Property Features for 508 W Madison St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    34-03-25-383-011.000-002
    Lot size
    0.09 Acres

    Building Details

    Architectural style
    Other

    griffin realty (812) 327-9232 [email protected]

    Listing agent Donald Griffin (812) 323-7232 License #RB14026537

    Listing date Jul 25, 2025

    MLS# 202529240 Listing URL

    Copyright © 2025 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land Near Downtown Kokomo

    This vacant residential lot is located in an established neighborhood of Kokomo, Indiana, situated blocks from the downtown area. The property offers convenient access to shopping, dining, and the farmers market via the northeast part of the Cloverleaf Trail, which is located directly in front of the lot. The lot size is 0.086 acres. Refer to the attached R5 zoning information for district intent, permitted uses, and exceptions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.136773
    Latitude
    40.492848

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    FAQs

    What type of property is this?
    Land - Vacant lot near downtown Kokomo with trail access.
    Where is this land located?
    The property is located at 508 W Madison St Kokomo, IN.
    What is the asking price?
    The asking price for this property is $10,900.
    What are key features of this property?
    This property features: - Prime location just blocks from downtown Kokomo.; - Direct access to the Cloverleaf Trail.; - Convenient access to shopping, dining, and the farmers market.
    (812) 323-7232
    Request Owner's contact information
    508 W Madison St Kokomo, IN 46901
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    Kokomo, IN 46901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 W Madison St Kokomo, IN 46901
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