Freestanding Bank
For Sale
$575,000
3545 S Lafountain, Kokomo, IN 46902
Former bank facility with on-site parking and flexible commercial use potential in southwest Kokomo.
Property Size2,140 SF
Price / SF$268.69
Days on Market90
Property Features for 3545 S Lafountain
General Information
Standard status
Active
Size
2,140 SF
Building Details
Year Built
1987
Buildings
1
Listing Agency:
The Wyman Group
Listed By:
Paul Wyman · License #RB14023441
(765) 854-1234
Source:
Callcriswell
Added: Jul 17
Changed: Oct 3
Last Checked: Oct 7 at 4:41PM
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 The Wyman Group
Investment Insights
Based on property information with market context.
This freestanding commercial building was previously operated as a bank and contains approximately 2,100 square feet. The property includes on-site parking and may accommodate financial services, professional office, medical, or retail operations based on the stated prior use and positioning.
Built in 1987, the building is located at 3545 S Lafountain in Kokomo, Indiana. Its southwest-side setting provides a visible commercial presence within the local market.
Built in 1987, the building is located at 3545 S Lafountain in Kokomo, Indiana. Its southwest-side setting provides a visible commercial presence within the local market.
Key Highlights
- Previously operated as a bank
- Approximately 2,100 square feet of building area
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,856
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,120
$457.1K
Cap Rate 7%
$326,514
$326.5K
Cap Rate 9%
$253,956
$254.0K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$34.2K $15.96/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$32.7K $15.26/SF
− OpEx
−$9.8K −$4.58/SF
NOI
$22.9K $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%
$457,120
Cap Rate 7%
$326,514
Cap Rate 9%
$253,956
Alternative Uses
Best Use
Retail
$326.5K
$285.7K – $380.9K
NOI $22,856 @ 7.0% cap · market cap 3.97%
Second Best
Office B
$313.7K
$274.5K – $365.9K
NOI $21,956 @ 7.0% cap · market cap 3.82%
Theoretical Best
Warehouse
$1.69M
$1.47M – $1.97M
NOI $117,967 @ 7.0% cap · market cap 20.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - Former bank facility with on-site parking and flexible commercial use potential in southwest Kokomo.
Where is this bank located?
The property is located at 3545 S Lafountain 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: Previously operated as a bank; Approximately 2,100 square feet of building area; On‑site parking included
