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    909 Belvedere Dr Kokomo, IN 46901

    Sponsored
    For Sale
    $490,000

    Prime Kokomo Restaurant, Vacant, 4,927 SF

    Property size:
    4,927 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant restaurant building presents a unique investment opportunity in Kokomo, Indiana. Located at 909 Belvedere Drive, this 4,927 square foot property sits on a 0.36-acre lot and offers significant potential for a new culinary venture. Built in 1970, the single-story building features a newly painted exterior and a recently installed metal roof, minimizing immediate maintenance needs. The property boasts its own dedicated parking lot, a significant advantage in a high-traffic area. Its strategic location near Markland Mall, as well as popular national chains like Walmart, Meijer, Raising Cane's, Popeye's, McDonald's, Sonic, and Chipotle, ensures high visibility and convenient access for potential customers. The asking price is $490,000, translating to $99.45 per square foot. This is a Net Net Net (NNN) lease opportunity, meaning the tenant is responsible for property taxes, insurance, and maintenance. The property is currently vacant, providing immediate occupancy for the new owner. This is an exceptional chance to establish a thriving restaurant business in a bustling commercial area. The single-unit building offers a straightforward layout, ready for customization to suit a variety of restaurant concepts. The property's size and location make it an ideal investment for both established restaurant operators and aspiring entrepreneurs.

    Property Features for 909 Belvedere Dr

    General Information

    Property type
    Restaurants
    Square Feet
    4,927 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $490,000 asking price for this vacant restaurant.
    • 4,927 square foot retail building.
    • Located in Kokomo, Indiana, at 909 Belvedere Dr, 46901.
    • NNN lease type.
    • $99.45 per square foot.
    • Situated on a 0.36‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1067593
    Latitude
    40.4775291

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    FAQs

    What type of property is this?
    Restaurant - Prime Kokomo Restaurant, Vacant, 4,927 SF
    Where is this restaurant located?
    The property is located at 909 Belvedere Dr Kokomo, IN.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: $490,000 asking price for this vacant restaurant.; 4,927 square foot retail building.; Located in Kokomo, Indiana, at 909 Belvedere Dr, 46901.
    Request Owner's contact information
    909 Belvedere Dr 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
    909 Belvedere Dr Kokomo, IN 46901
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