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    200 Mulberry St Kokomo, IN 46901

    Sponsored
    For Sale
    $675,000

    Prime Retail/Office Space, 11,532 SF

    Property size:
    11,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 11,532 square foot commercial property, located at 200 W Mulberry St in Kokomo, Indiana, presents a unique investment opportunity. Built in 1960 and situated on a 0.65-acre lot, this free-standing building boasts a prominent corner location in the desirable Riverfront District. Previously a bank branch, the property features two drive-thru lanes, a spacious 5,766 square foot main floor, and an additional 5,766 square feet of usable basement space. Ample parking is provided with 36 dedicated spaces, and the property benefits from large pylon signage for excellent visibility. The C-D zoning allows for a variety of uses, including retail, office, or medical. Its location along the 5.88-mile Industrial Heritage Trail (connecting to the Nickel Plate Trail) offers additional accessibility and exposure. The asking price is $675,000. The property's APN is 34-03-36-211-005.000-002. This versatile property is ideal for a business seeking high visibility and convenient access in a thriving downtown location.

    Property Features for 200 Mulberry St

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,532 SF
    Lot Size
    28,314 SF

    Building Details

    Year Built
    1960

    HighLights

    • Former bank branch with drive‑thru capabilities.
    • Two drive‑thru lanes.
    • 11,532 square feet total building area (5,766 SF main floor, 5,766 SF usable basement).
    • 36 dedicated parking spaces.
    • Prominent pylon signage.
    • D‑C (Downtown Commercial) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    PNC Bank Bank PNC ATM Atm PNC Mortgage Mortgage Lender

    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
    -86.13248919
    Latitude
    40.48834308

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail/Office Space, 11,532 SF
    Where is this individual retail property located?
    The property is located at 200 Mulberry St Kokomo, IN.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Former bank branch with drive-thru capabilities.; Two drive-thru lanes.; 11,532 square feet total building area (5,766 SF main floor, 5,766 SF usable basement).
    Request Owner's contact information
    200 Mulberry 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
    200 Mulberry St Kokomo, IN 46901
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