Restaurant and Bar with
113 E Sycamore St Kokomo, IN 46901
For Sale
$550,000
First-floor restaurant/bar space with outside seating and substantial downstairs storage, plus parking next to two parking garages.
Property Size10,434 SF
Price / SF$52.71
Days on Market404
Property Features for 113 E Sycamore St
General Information
- Standard status
- Active
- Size
- 10,434 SF
Listing Agency:
Fortune Companies, Inc
(765) 860-2591
Listed By:
DJ Butcher
(765) 860-2591
Source:
Exprealty
Added: Jun 16, 2025
Changed: Jul 23
Last Checked: Jul 23 at 7:41AM
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 Fortune Companies, Inc
Investment Insights
Based on property information with market context.
Located at 113 E Sycamore St in Kokomo, this restaurant and bar property is set up with a first-floor dining and entertainment area plus additional downstairs storage. The first floor provides approximately 4,882 sf, with another 5,552 sf of storage space downstairs.
Outside seating adds usable capacity, and the property is positioned next to two parking garages, providing plenty of parking. It’s also within walking distance of downtown attractions, including a baseball field and basketball arena, as well as walking trails offered in the area. A new convention center development is about a block away, further supporting continued activity in the downtown core.
Outside seating adds usable capacity, and the property is positioned next to two parking garages, providing plenty of parking. It’s also within walking distance of downtown attractions, including a baseball field and basketball arena, as well as walking trails offered in the area. A new convention center development is about a block away, further supporting continued activity in the downtown core.
Key Highlights
- First‑floor restaurant/bar space in downtown Kokomo
- Approximately 4,882 SF on the first floor plus approximately 5,552 SF of downstairs storage
- Outside seating available for added guest capacity
Financial Insights For Specialty 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 | $61.4k | $5.88 |
| − Vacancy | −$2.4k | −$0.23 |
| EGI | $59.0k | $5.65 |
| − OpEx | −$14.7k | −$1.41 |
| NOI | $44.2k | $4.24 |
10,434 SF · lease $5.88/SF/yr · vacancy 3.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$631.7K
$552.7K – $737.0K
NOI $44,219 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.22M
$7.19M – $9.59M
NOI $575,174 @ 7.0% cap · market cap 104.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BODY GLOW
Spa & Massage Center
Surface Esthetics Spa
Spa & Massage Center
Pardon My Cheesesteak
Restaurant
Cooper's Pub
Bar & Pub
Ree’s Beauteeq and Salon ...
Hair Salon
Similar Off Market Nearby
- Cozy Lounge — 222 N Buckeye St, Kokomo, IN 46901
- Cooper's Pub — 113 E Sycamore St, Kokomo, IN 46901
- The Warehouse — 801 N McCann St, Kokomo, IN 46901
- Cook McDoogal's Irish Pub — 100 N Main St, Kokomo, IN 46901
- Elbow Room — 1004 N Washington St, Kokomo, IN 46901
FAQs
What type of property is this?
Bar & Pub - First-floor restaurant/bar space with outside seating and substantial downstairs storage, plus parking next to two parking garages.
Where is this bar & pub located?
The property is located at 113 E Sycamore St Kokomo, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: First‑floor restaurant/bar space in downtown Kokomo; Approximately 4,882 SF on the first floor plus approximately 5,552 SF of downstairs storage; Outside seating available for added guest capacity
