Character-Filled Storefront
For Sale
$149,900
841 S Main St, Kokomo, IN 46902
Move-in-ready commercial storefront with two bathrooms, off-street parking, and direct access to the Industrial Heritage Trail.
Property Size865 SF
Price / SF$173.29
Days on Market50
Property Features for 841 S Main St
General Information
Standard status
Active
Size
865 SF
Amenities
two bathrooms
off-street parking
Industrial Heritage Trail
Building Details
Year Built
1958
Buildings
1
Listing Agency:
RE/MAX Realty One
Listed By:
Charise Goodnight · License #RB14000521
(765) 438-7731
Source:
Spencerchildersgroup
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 13 at 12:31AM
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 RE/MAX Realty One
Investment Insights
Based on property information with market context.
This storefront property dates to 1958 and is presented as move-in ready. The building includes two bathrooms, off-street parking, and access to additional street parking, providing practical features for an owner-user or commercial occupant.
The Industrial Heritage Trail runs directly behind the property, connecting the building with an established recreational route. Its storefront configuration and existing improvements support a range of small-business formats, including personal services, food and beverage, studio, and boutique retail uses as identified for the property.
The Industrial Heritage Trail runs directly behind the property, connecting the building with an established recreational route. Its storefront configuration and existing improvements support a range of small-business formats, including personal services, food and beverage, studio, and boutique retail uses as identified for the property.
Key Highlights
- Storefront property built in 1958
- Move‑in‑ready commercial building
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,239
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,780
$184.8K
Cap Rate 7%
$131,986
$132.0K
Cap Rate 9%
$102,656
$102.7K
Market Conditions
NOI Build-Up for 865 SF
Gross rent
$13.8K $15.96/SF
− Vacancy
−$607 −$0.70/SF
EGI
$13.2K $15.26/SF
− OpEx
−$4.0K −$4.58/SF
NOI
$9.2K $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%
$184,780
Cap Rate 7%
$131,986
Cap Rate 9%
$102,656
Alternative Uses
Best Use
Retail
$132.0K
$115.5K – $154.0K
NOI $9,239 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$681.2K
$596.0K – $794.7K
NOI $47,683 @ 7.0% cap · market cap 31.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 22%
Home Improvements & Furnishings 1%
Speedway
Shops & Services
10,798 visits/mo
0.1 miles
Dollar General
Shops & Services
9,658 visits/mo
0.2 miles
BP
Shops & Services
4,835 visits/mo
0.5 miles
Taco Bell
Dining
4,827 visits/mo
0.2 miles
Little Caesars Pizza
Dining
4,304 visits/mo
0.2 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?
Storefront property - Move-in-ready commercial storefront with two bathrooms, off-street parking, and direct access to the Industrial Heritage Trail.
Where is this storefront property located?
The property is located at 841 S Main St Kokomo, IN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Storefront property built in 1958; Move‑in‑ready commercial building; Two bathrooms
