Retail Building with On-Site
For Sale
Contact for pricing
3550 S Lafountain St, Kokomo, IN 46902
C-2 zoned retail building with an on-site billboard and two access points from Lafountain St.
Property Size4,095 SF
Lot Size0.59 Acres
Price / SF$134.31
Days on Market220
Property Features for 3550 S Lafountain St
General Information
Standard status
Active
Size
4,095 SF
Lot size
0.59 Acres
Property subtype
RETAIL
Zoning
C-2
Additional Details
Asking Price
$550,000
Road Access
Yes
Listing Agency:
CBRE | Indianapolis
(317) 269-1000
Listed By:
Jeff Merritt · License #RB14033827
(317) 269-1040
Source:
Moodyscre
Added: Mar 10
Changed: Oct 3
Last Checked: Oct 12 at 7:38PM
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 CBRE | Indianapolis
Investment Insights
Based on property information with market context.
This retail space features a 4,095 SF building on a 0.59-acre site. The property includes two access points from Lafountain St and has building history dating to 1971 with additional construction or improvements in 1985. On-site electrical capacity includes 200-amp and 400-amp service with 3-phase power.
The property is zoned C-2 Medium to Large Scale Commercial. An advertising billboard is located on the site and generates income.
With its established retail building size, commercial zoning, and multiple points of access, the property supports a range of retail-oriented uses within a C-2 corridor.
The property is zoned C-2 Medium to Large Scale Commercial. An advertising billboard is located on the site and generates income.
With its established retail building size, commercial zoning, and multiple points of access, the property supports a range of retail-oriented uses within a C-2 corridor.
Key Highlights
- 0.59‑acre retail site with 4,095 SF building
- Built in 1971 and 1985
- C‑2 Medium to Large Scale Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,736
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,720
$874.7K
Cap Rate 7%
$624,800
$624.8K
Cap Rate 9%
$485,956
$486.0K
Market Conditions
NOI Build-Up for 4,095 SF
Gross rent
$65.4K $15.96/SF
− Vacancy
−$2.9K −$0.70/SF
EGI
$62.5K $15.26/SF
− OpEx
−$18.7K −$4.58/SF
NOI
$43.7K $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%
$874,720
Cap Rate 7%
$624,800
Cap Rate 9%
$485,956
Alternative Uses
Best Use
Retail
$624.8K
$546.7K – $728.9K
NOI $43,736 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.22M
$2.82M – $3.76M
NOI $225,737 @ 7.0% cap · market cap 41.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
264k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Home Improvements & Furnishings 18%
Electronics 2%
Rural King
Home Improvements & Furnishings
38,493 visits/mo
0.3 miles
McDonald's
Dining
26,824 visits/mo
0.5 miles
Starbucks
Dining
18,345 visits/mo
0.5 miles
Dollar Tree
Shops & Services
16,539 visits/mo
0.4 miles
Applebee's
Dining
14,389 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - C-2 zoned retail building with an on-site billboard and two access points from Lafountain St.
Where is this retail space located?
The property is located at 3550 S Lafountain 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: 0.59‑acre retail site with 4,095 SF building; Built in 1971 and 1985; C‑2 Medium to Large Scale Commercial zoning
