2947 Washington St, Kokomo, IN 46902

Property Details for 2947 Washington St

Year built

1959

Lot size

0.47 lot acres

Property type

Retail properties & Spaces

Property subtype

Land

Description

Maplecrest Plaza, a prominent 286,185 square foot community shopping center in Kokomo, Indiana, presents a compelling retail investment opportunity. This Class B property, built in 1959 and renovated in 1976, boasts a prime location at the corner of Washington St. and Lincoln Rd., benefiting from high visibility and accessibility. The center features a diverse tenancy, anchored by major retailers including Kroger, Harbor Freight, Rural King, The Best Deal Home Furniture, and Family Dollar. With over 1500 parking spaces, Maplecrest Plaza caters to a substantial customer base. Currently, there are 10 spaces available, ranging from 1,400 to 9,000 square feet, offering flexibility for various retail concepts. The property sits on 25.43 acres and includes a vacant 27,615 square feet. A 0.47-acre outlot is also available, suitable for ground lease or build-to-suit development. The property's strategic location near major highways, including the heavily traveled I-85 (eight-tenths of a mile away), and its proximity to other significant retailers like Walmart, Lowe's, and Belk, further enhances its appeal. The surrounding area boasts a population of approximately 66,000 within a 5-mile radius, with an average household income of around $58,000. The property is zoned C-2 and has an APN of 34-09-12-426-001.000-002 & 34-09-12-426-006.000-002. This well-established center offers a strong foundation for future growth and profitability. The minimum divisible space is 1,400 square feet.

Location Insight

City

Kokomo

County

Howard

State

Indiana

Longitude

-86.1286

Latitude

40.4522