508 W Madison Street, Kokomo, IN 46901

Listing agent Donald Griffin License #RB14026537 Show Phone

Listing office Griffin Realty Holdings LLC g***@bloomingtonhomeoffice.com 735 S College Ave, bloomington, IN Show Phone

Listing date Jul 25, 2025

Report an issue

MLS# 202529240

Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This is a vacant residential lot offered for sale in an established neighborhood. The property consists of a small, undeveloped parcel well-suited for buyers looking to build within the existing area context.

The northeast part of the Cloverleaf Trail is described as being right in front of the property. The listing also notes the lot is just blocks from downtown Kokomo, with convenient access to shopping, dining, and the farmers market.

Zoning information for the R5 district is referenced as attached, including district intent, permitted uses, and exceptions. Interested buyers can review the provided R5 materials to confirm what can be built and how the property may be used.

Suggested Use

Real Estate Agency Dental Office Skin Care Clinic Daycare Center Accounting Firm (Bike/Boat/Book/etc) Store Bed & Breakfast Tech Support Center Coworking & Hybrid Office (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Kokomo

County

Howard

State

Indiana

Longitude

-86.136773

Latitude

40.492848

Nearby Similar for Sale

• 

  $950,000

  Multi-Tenant Retail Building

  Well-maintained 2015-built retail property with three tenant spaces, suited for investors or owner-users.

  1805 E Hoffer Street, Kokomo, IN 46902

  View Details
• 

  $149,900

  Move-In Ready Retail and Service Building

  Move-in ready storefront with two bathrooms and parking, positioned behind the Industrial Heritage Trail.

  841 S MAIN Street, Kokomo, IN 46902

  View Details
• 

  $249,900

  Two-Unit Office Building with Billboard

  Attractive stucco building with two office units, ample parking, and a large lighted billboard-style sign.

  3210 S LAFOUNTAIN Street, Kokomo, IN 46902

  View Details
• 

  $550,000

  4,095 SF

  Established Car Wash with Billboard

  Single-story car wash with detailing addition and advertising income.

  3550 South Lafountain Street, Kokomo, IN, 46902

  View Details
• 

  $275,000

  Commercial Building with Parking Access

  1986-built commercial building with 1,800+ square feet and lots of parking for retail or service uses.

  145 CREEKSIDE Drive, Kokomo, IN 46901

  View Details
• 

  $215,000

  Brick Office Building with Garage

  Well-maintained brick office building with open floorplan, updated lighting, and on-site parking plus garage.

  2020 E Boulevard Street, Kokomo, IN 46902

  View Details
• 

  $1,360,000

  Kokomo Retail Investment Opportunity

  Two-tenant building on high-traffic Southway Blvd. with strong income.

  508 E Southway Boulevard, Kokomo, IN 46902

  View Details
• 

  $1,275,000

  12,000 SF

  Industrial Flex Property with Expansion Space

  Nearly 12,000 SF available in Kokomo for an owner-user or investor near a major manufacturing plant.

  1940 South Elizabeth St, Kokomo, IN, IN 46902

  View Details
• 

  $839,900

  Flex Warehouse with Showroom

  1994-built flex facility with showroom, offices, restrooms, and attached garage plus two storage units and ample parking.

  394 S 00 EW Road, Kokomo, IN 46902

  View Details
• 

  $599,900

  36,547 SF

  Downtown Kokomo Commercial Property

  Versatile commercial building in downtown Kokomo with parking.

  618 South Main Street, Kokomo, IN 46901

  View Details
• 

  $2,708,904

  1,400 SF

  Kokomo Restaurant with NNN Lease

  Restaurant with absolute NNN lease and zero landlord responsibilities.

  125 N Dixon Rd, Kokomo, IN

  View Details
• 

  $1,905,753

  1,400 SF

  Kokomo NNN Leased Retail Property

  NNN leased retail property in Kokomo, Indiana for sale.

  2085 N Reed Rd, Kokomo, IN

  View Details

FAQs

What type of property is this?

Residential land & home lot - Vacant lot in an established neighborhood with R5 zoning information provided for buyer review.

Where is this residential land & home lot located?

The property is located at 508 W Madison Street Kokomo, IN.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Prime location just blocks from downtown Kokomo.; Direct access to the Cloverleaf Trail.; Convenient access to shopping, dining, and the farmers market.