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    359 Main St Kokomo, IN 46901

    For Sale
    Contact for pricing

    High-traffic location, prime retail space.

    Property size:
    558 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial property, located at 359 S Main St, Kokomo, IN 46901, presents a unique investment opportunity. The property boasts a prime location in Howard County, designated by the Indiana Department of Workforce Development as Economic Growth Region 4, ensuring strong potential for growth and return. The 1-acre lot features 367 feet of frontage along the west side of Main Street, providing excellent visibility and accessibility for any business. The site includes a 558 square foot brick building, offering immediate use or potential for redevelopment. The property is zoned Land LI & River District, offering flexibility for various commercial uses. Its strategic location places it just 35 miles east of Lafayette and 40 miles north of Indianapolis, providing convenient access to a larger market. Nearby amenities include the Kokomo Family YMCA, the Market Store, the Coterie, the Excel Center, and Foxes Trails, contributing to a vibrant and thriving community. The asking price for this remarkable property is $195,900. Don't miss this chance to own a piece of Kokomo's thriving commercial landscape. This property is ideal for investors seeking a strong return in a rapidly growing area.

    Property Features for 359 Main St

    General Information

    Property type
    Land
    Square Feet
    558 SF
    Lot Size
    43,560 SF

    HighLights

    • Kokomo, Indiana commercial land zoned for business, located in the Li & River District.
    • On‑site 600 sq ft brick building.
    • 367 feet of Main Street frontage.
    • Convenient location, 35 miles east of Lafayette and 40 miles north of Indianapolis.
    • Situated in Howard County, designated an Economic Growth Region by the Indiana Department of Workforce Development.
    • Close proximity to amenities including the Kokomo Family YMCA, Market Store, Coterie, Excel Center, and Foxes Trails.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1311599
    Latitude
    40.4836214

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    FAQs

    What type of property is this?
    Land - High-traffic location, prime retail space.
    Where is this land located?
    The property is located at 359 Main St Kokomo, IN.
    What are key features of this property?
    This property features: Kokomo, Indiana commercial land zoned for business, located in the Li & River District.; On-site 600 sq ft brick building.; 367 feet of Main Street frontage.
    Request Owner's contact information
    359 Main St Kokomo, IN 46901
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    Kokomo, IN 46901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    359 Main St Kokomo, IN 46901
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