Versatile Commercial Building in
1801 E North St Kokomo, IN 46901
For Sale
Contact for pricing
34,968 SF building suitable for warehousing, manufacturing, office, retail.
Property Size34,963 SF
Lot Size3.93 Acres
Price / SF$45.76
Days on Market762
Property Features for 1801 E North St
General Information
Standard status
Active
Size
34,963 SF
Lot size
3.93 Acres
Property subtype
Industrial
Building Details
Year Built
1973
Listing Agency:
Fortune Companies Inc
(765) 457-1700
Listed By:
DJ Butcher · License #IN RB20000053
Source:
Crexi
Added: Jun 27, 2024
Changed: Jul 10
Last Checked: Jul 27 at 7:06PM
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 Fortune Companies Inc
Investment Insights
Based on property information with market context.
This 34,968 sq. ft. commercial building, situated on 3.93 acres, presents a versatile opportunity for warehousing, manufacturing, office, and retail purposes. The property includes an office area of approximately 4,426 sq. ft., featuring 3 private offices, a break room, 2 bathrooms, a conference room, and a large open area adaptable for additional offices, retail space, or workspace. The remaining 30,542 sq. ft. consists of open warehouse space. The warehouse area is equipped with 7 overhead doors and has a ceiling height of 17'10". Ample parking is available, along with an outside fenced-in area for secure storage. The building is located off of 931, a few minutes south of the new battery plant being developed in Kokomo.
Key Highlights
- Large 34,968 sq. ft. building suitable for warehousing, manufacturing, office, and/or retail.
- Excellent location near the new battery plant off of 931 in Kokomo.
- Substantial 3.93‑acre lot with ample parking and a fenced‑in outdoor storage area.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.0k | $4.92 |
| − Vacancy | −$11.5k | −$0.33 |
| EGI | $160.5k | $4.59 |
| − OpEx | −$56.2k | −$1.61 |
| NOI | $104.3k | $2.98 |
34,963 SF · lease $4.92/SF/yr · vacancy 6.70% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$27.53M
$24.09M – $32.12M
NOI $1,927,335 @ 7.0% cap · market cap 120.46%
Second Best
Industrial
$22.67M
$19.84M – $26.45M
NOI $1,587,217 @ 7.0% cap · market cap 99.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 34,968 SF building suitable for warehousing, manufacturing, office, retail.
Where is this flex space located?
The property is located at 1801 E North St Kokomo, IN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Large 34,968 sq. ft. building suitable for warehousing, manufacturing, office, and/or retail.; Excellent location near the new battery plant off of 931 in Kokomo.; Substantial 3.93‑acre lot with ample parking and a fenced‑in outdoor storage area.
