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Office Unit Near Retail Corridor

1940 South Elizabeth Street, Kokomo, IN 46902

For Lease
Contact for pricing

Positioned near national retailers, restaurants, and local establishments with access to US 31.

Space Size524 SF
Days on Market746

Property Features for 1940 South Elizabeth Street

General Information

Standard status Active
Size 524 SF
Property subtype OFFICE
Lease Type NNN

Additional Details

Highway Access Yes

Spaces For Lease

at 1940 South Elizabeth Street
1940 S Elizabeth St $850/Mo
Floor 1
Size 524 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 of national retailers, shopping centers, restaurants, fast food chains, and local establishments. The site is located just north of East Boulevard, which receives over 10,000 vehicles per day, making it one of the most popular east/west thoroughfares in Kokomo. It is also located only two miles from US 31, a major north/south highway which connects South Bend to Indianapolis. Neighboring businesses include but are not limited to Indiana University Kokomo, H&R Block, Best Buy, and Walmart Supercenter.
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Listing Agency: Sturges Property Group
Listed By: Ian Smith · License IN RB24001137
Source: Moodyscre
Added: Oct 25, 2024 Changed: Nov 4 Last Checked: Nov 8 at 7:54AM

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

Rey
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Investment Insights

Based on property information with market context.

The available office space encompasses 524 square feet and is positioned within a commercial setting surrounded by dozens of national retailers, shopping centers, restaurants, fast food chains, and local establishments.

The property is located just north of East Boulevard, which receives over 10,000 vehicles per day and serves as a popular east/west thoroughfare in Kokomo. US 31, a major north/south highway connecting South Bend to Indianapolis, is 2 miles away. Neighboring businesses include Indiana University Kokomo, H&R Block, Best Buy, and Walmart Supercenter.

Key Highlights

  • 524 square feet of available office space
  • Surrounded by dozens of national retailers, shopping centers, restaurants, fast food chains, and local establishments
  • Just north of East Boulevard, which receives over 10,000 vehicles per day

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.92 /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

$18.43 /SF/Yr
Avg Asking Price
$1.6–$72 /SF/Yr
Price Range
5,553 SF
Avg Space Size

This space is priced 6% above the average of $18.43 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Kokomo, IN

$13.6 Jul
$12.93 Aug
$11.07 Sep
$21.32 Oct

Properties on Market for Office Units in Kokomo

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Positioned near national retailers, restaurants, and local establishments with access to US 31.
Where is this office unit located?
The property is located at 1940 South Elizabeth Street Kokomo, IN.
What is the lease rate?
The lease rate is $850/Mo.
What are key features of this property?
This property features: 524 square feet of available office space; Surrounded by dozens of national retailers, shopping centers, restaurants, fast food chains, and local establishments; Just north of East Boulevard, which receives over 10,000 vehicles per day
(260) 424-8448 · Office Call to check price and availability
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