Mixed-Use Building with
For Sale
Contact for pricing
110 W Walnut St, Kokomo, IN 46901
Open office or retail space occupies the first floor, with a residential apartment above.
Property Size3,333 SF
Price / SF$172.52
Days on Market892
Property Features for 110 W Walnut St
General Information
Standard status
Active
Size
3,333 SF
Property subtype
Retail, Office, Mixed Use
Building Details
Buildings
1
Listing Agency:
Bowyer Brothers Llc
Listed By:
Mark Bowyer · License #FLBO
Source:
Crexi
Added: May 8, 2024
Changed: Oct 12
Last Checked: Oct 14 at 9:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bowyer Brothers Llc
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Investment Insights
Based on property information with market context.
This mixed-use property combines open commercial space with a second-floor apartment. The building supports office or retail use on the lower level, while the upper floor provides a separate residential component. The property size is listed as 3333.
Located at 110 W Walnut St in downtown Kokomo, the building sits directly across from the Howard County Courthouse. Restaurants, cafes, banks, boutique shops, and city buildings are described as being within easy walking distance, placing a range of daily services and civic destinations nearby.
Located at 110 W Walnut St in downtown Kokomo, the building sits directly across from the Howard County Courthouse. Restaurants, cafes, banks, boutique shops, and city buildings are described as being within easy walking distance, placing a range of daily services and civic destinations nearby.
Key Highlights
- Mixed‑use configuration with open office or retail space and a second‑floor apartment
- Directly across from the Howard County Courthouse
- Downtown Kokomo location at 110 W Walnut St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,598
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,960
$712.0K
Cap Rate 7%
$508,543
$508.5K
Cap Rate 9%
$395,533
$395.5K
Market Conditions
NOI Build-Up for 3,333 SF
Gross rent
$53.2K $15.96/SF
− Vacancy
−$2.3K −$0.70/SF
EGI
$50.9K $15.26/SF
− OpEx
−$15.3K −$4.58/SF
NOI
$35.6K $10.68/SF
Area
Howard County, IN
Vacancy
4.40%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,960
Cap Rate 7%
$508,543
Cap Rate 9%
$395,533
Alternative Uses
Best Use
Retail
$508.5K
$445.0K – $593.3K
NOI $35,598 @ 7.0% cap · market cap 6.19%
Second Best
Mixed Use
$492.8K
$431.2K – $575.0K
NOI $34,497 @ 7.0% cap · market cap 6.00%
Theoretical Best
Warehouse
$2.62M
$2.30M – $3.06M
NOI $183,732 @ 7.0% cap · market cap 31.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 46901, IN
38,072
Population
18,307
Households
2.1
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
140.9 sq mi
ZIP Area
270
Density / Sq Mi
$61,041
Median Household Income
$37,107
Median Earnings
$869
Median Rent
$131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Open office or retail space occupies the first floor, with a residential apartment above.
Where is this mixed-use property located?
The property is located at 110 W Walnut St Kokomo, IN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Mixed‑use configuration with open office or retail space and a second‑floor apartment; Directly across from the Howard County Courthouse; Downtown Kokomo location at 110 W Walnut St
