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    2130 Markland Ave Kokomo, IN 46901

    For Lease
    $10 SF/Yr

    High-traffic retail space in Kokomo, IN.

    Lot size:
    133,384 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 133,384 square foot single-story retail center, located at 2130 E Markland Ave, Kokomo, IN 46901, presents a unique investment opportunity. The property boasts a prime location in Howard County, experiencing daily traffic counts nearing 40,000 vehicles. The center features a newly renovated interior and exterior, ensuring a modern and attractive aesthetic for tenants and customers. Ample parking is available, providing a generous 7 spaces per 1,000 square feet. Currently, there are multiple tenants occupying the space, including a diverse mix of retail, restaurant, and entertainment businesses such as shoe stores, medical offices, and a diner. Three spaces are currently available, ranging from 1,200 to 40,000 square feet, with a minimum divisible space of 2,200 square feet and a maximum contiguous space of 10,200 square feet. The center benefits significantly from its proximity to a Walmart Supercenter, which ranks in the top 3% of all Walmart stores nationwide in terms of sales volume, driving substantial foot traffic to the entire shopping center. Furthermore, the property's location is approximately a quarter-mile from a new championship park, adding to its appeal and potential for increased customer traffic. This is a rare opportunity to acquire a thriving retail center in a high-growth area with strong anchor tenants and exceptional visibility.

    Property Features for 2130 Markland Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    133,384 SF
    Total Rate
    111153.33

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    2240
    Size
    10,200 SF
    Rate per SF
    $10
    Space
    2136
    Size
    40,000 SF
    Space
    2172
    Size
    1,200 SF
    Rate per SF
    $12

    HighLights

    • 133,384 SF single‑story retail center at 2130 E Markland Ave, Kokomo, IN.
    • Prime Howard County location with nearly 40,000 daily vehicle counts.
    • Newly renovated interior and exterior.
    • Ample parking (7 spaces per 1,000 SF).
    • Multiple tenants including retail, restaurant, and entertainment businesses; three spaces available (1,200‑40,000 SF, divisible to 2,200 SF, max contiguous 10,200 SF).
    • Located near a top 3% performing Walmart Supercenter and a new championship park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JOANN Fabric and Crafts Craft Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1019293
    Latitude
    40.4792013

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space in Kokomo, IN.
    Where is this restaurant located?
    The property is located at 2130 Markland Ave Kokomo, IN.
    What is the lease rate?
    The lease rate is $0.00-$12 SF/Yr.
    What are key features of this property?
    This property features: 133,384 SF single-story retail center at 2130 E Markland Ave, Kokomo, IN.; Prime Howard County location with nearly 40,000 daily vehicle counts.; Newly renovated interior and exterior.
    Request Owner's contact information
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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
    2130 Markland Ave Kokomo, IN 46901
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