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    306 Main St Kokomo, IN 46901

    Sponsored
    For Lease
    Contact for pricing

    Prime Kokomo location, 5,166 sq ft available.

    Lot size:
    5,179 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,166 square foot commercial space is situated on the first floor of a charming four-story building at 306 S Main St, Kokomo, IN 46901. The property, classified as Class A and renovated in 2017, offers a unique opportunity for a variety of uses, including restaurant, retail, office, or co-working space. The suite boasts a beautiful patio overlooking water features and Wildcat Creek, enhancing its appeal and providing a picturesque setting. Its location along a high-traffic pedestrian pathway ensures excellent visibility and accessibility. The space is divisible, allowing for flexibility to accommodate smaller tenants. This prime location benefits from significant foot traffic generated by residents of a newly developed, 200-unit luxury apartment complex ($32 million investment), daily pedestrian pathway users, a substantial daytime office population, and surrounding residential areas. The property's proximity to the Kokomo Municipal Baseball Stadium, home of the Kokomo JackRabbits, further enhances its visibility and potential for attracting customers. This is a rare opportunity to secure a highly desirable commercial space in a thriving Kokomo submarket. The building features multiple suites, and this particular space is currently vacant.

    Property Features for 306 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,179 SF
    Class
    A

    Building Details

    Year Renovated
    2017
    Stories
    4

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    5,179 SF

    HighLights

    • $32M mixed‑use redevelopment of former Apperson Brothers Factory in Downtown Kokomo, IN, offering high‑income residential.
    • 200 luxury apartments above a 5,179 SF ground‑floor retail suite.
    • Across from Kokomo Municipal Baseball Stadium (Kokomo JackRabbits).
    • Waterfront views of Wildcat Creek & adjacent pedestrian pathway.
    • One block from planned Hilton Garden Inn & Convention Center.
    • Excellent walkability to restaurants, shops, and sports venues.
    Property Profile Location Intelligence

    Current Use by Public Records

    306 Riverfront District ... Apartment Complex Sweepout Tarot Readings Fortune Telling Services Brianna Dutcher Photography Photographer

    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
    -86.1309624
    Latitude
    40.4841829

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    FAQs

    What type of property is this?
    Restaurant - Prime Kokomo location, 5,166 sq ft available.
    Where is this restaurant located?
    The property is located at 306 Main St Kokomo, IN.
    What are key features of this property?
    This property features: $32M mixed-use redevelopment of former Apperson Brothers Factory in Downtown Kokomo, IN, offering high-income residential.; 200 luxury apartments above a 5,179 SF ground-floor retail suite.; Across from Kokomo Municipal Baseball Stadium (Kokomo JackRabbits).
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    306 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
    306 Main St Kokomo, IN 46901
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