Restaurant and Bar with
For Sale
$550,000
113 E Sycamore St, Kokomo, IN 46901
First-floor restaurant/bar space with outside seating and substantial downstairs storage, plus parking next to two parking garages.
Property Size4,882 SF
Price / SF$112.66
Days on Market99
Property Features for 113 E Sycamore St
General Information
Standard status
Active
Size
4,882 SF
Building Details
Year Built
1904
Listing Agency:
Fortune Companies, Inc
Listed By:
DJ Butcher · License #RB20000053
(765) 860-2591
Source:
Kmsrealestategroup
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 7 at 5:30PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$20,690
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,800
$413.8K
Cap Rate 7%
$295,571
$295.6K
Cap Rate 9%
$229,889
$229.9K
Market Conditions
NOI Build-Up for 4,882 SF
Gross rent
$28.7K $5.88/SF
− Vacancy
−$1.1K −$0.23/SF
EGI
$27.6K $5.65/SF
− OpEx
−$6.9K −$1.41/SF
NOI
$20.7K $4.24/SF
Area
Howard County, IN
Vacancy
3.90%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,800
Cap Rate 7%
$295,571
Cap Rate 9%
$229,889
Alternative Uses
Best Use
Specialty Retail
$295.6K
$258.6K – $344.8K
NOI $20,690 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.84M
$3.36M – $4.49M
NOI $269,120 @ 7.0% cap · market cap 48.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Home Improvements & Furnishings 9%
Mobil
Shops & Services
4,570 visits/mo
0.4 miles
BMO Harris Bank
Shops & Services
963 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
580 visits/mo
0.2 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Cooper's Pub — 113 E Sycamore St, Kokomo, IN 46901
- Cook McDoogal's Irish Pub — 100 N Main St, Kokomo, IN 46901
- Cozy Lounge — 222 N Buckeye St, Kokomo, IN 46901
- The Warehouse — 801 N McCann St, Kokomo, IN 46901
- Elbow Room — 1004 N Washington St, Kokomo, IN 46901
Frequently Asked Questions
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
