306 Main St Kokomo, IN 46901
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.
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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.