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Retail Surround Office Suites
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1940 South Elizabeth Street, Kokomo, IN 46902

Office suites for lease near major retailers, with access to East Boulevard and US 31.

Space Size3,265 SF
Days on Market689

Property Features for 1940 South Elizabeth Street

General Information

Standard status Active
Size 3,265 SF
Property subtype OFFICE
Lease Type NNN

Site & Location

Traffic Count 10,000 vehicles/day
Highway Access Yes

Spaces For Lease

at 1940 South Elizabeth Street Contact us

1940 S Elizabeth St $2,720/Mo

Floor
1
Size
3,265 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
The available spaces at 1904 South Elizabeth Street in Kokomo are surrounded by dozens...
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Listing Agency: Sturges Property Group
Listed By: Ian Smith · License #RB24001137
Source: Moodyscre
Added: Oct 25, 2024 Changed: Sep 5 Last Checked: Sep 12 at 8:23AM

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 Sturges Property Group

Investment Insights

Based on property information with market context.

Available for lease are office spaces at 1940 South Elizabeth Street in Kokomo, offered in a suite-style configuration for business use. The property is surrounded by a broad mix of national retailers, shopping centers, restaurants, and fast-food options, along with local establishments.

The site is located just north of East Boulevard, which the listing notes carries over 10,000 vehicles per day. It is also described as being two miles from US 31, a major north/south highway connecting South Bend to Indianapolis. Neighboring businesses mentioned include Indiana University Kokomo, H&R Block, Best Buy, and Walmart Supercenter.

Key Highlights

  • Office suites for lease at 1904 South Elizabeth Street in Kokomo
  • Surrounded by national retailers, shopping centers, restaurants, fast food chains, and local establishments
  • Located just north of East Boulevard, which receives over 10,000 vehicles per day

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Law Firm Building Supply Parking Lot & Garage Big Box & Wholesale Store Kitchen & Bath Showroom Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10,000 VPD
Traffic count
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

482
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Kokomo, IN

$10.68 /SF/Yr
Avg Asking Price
$1.6–$22.15 /SF/Yr
Price Range
5,585 SF
Avg Space Size

This space is priced 6% below the average of $10.68 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office suites for lease near major retailers, with access to East Boulevard and US 31.
Where is this office units located?
The property is located at 1940 South Elizabeth Street Kokomo, IN.
What is the lease rate?
The lease rate is $2,720/Mo.
What are key features of this property?
This property features: Office suites for lease at 1904 South Elizabeth Street in Kokomo; Surrounded by national retailers, shopping centers, restaurants, fast food chains, and local establishments; Located just north of East Boulevard, which receives over 10,000 vehicles per day
(260) 424-8448 Call to check price and availability
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