Kokomo, IN 46902
This exceptional 0.125-acre commercial lot, located at Lot 16 S Lafountain in Kokomo, Indiana (46902), presents a unique investment opportunity. Situated in a thriving area, this R4 zoned property offers convenient access to Indiana University Kokomo, making it an attractive location for various commercial ventures. The lot is conveniently located in the 1900 block of S Lafountain, just north of Poplar Street and two blocks north of IU Kokomo. The property boasts city utilities including public water and sewer, as well as readily available gas and electricity. The lot is level, measuring between 0 and 2.9999 acres, and features city road frontage. This is a ready-to-build site with all essential utilities in place, eliminating the need for extensive infrastructure development. The asking price is $20,000. Buyers have the option to purchase one or two lots. Don't miss this chance to acquire a valuable piece of commercial real estate in a rapidly growing area of Kokomo.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.