2947 Washington St Kokomo, IN 46902

Property Details for 2947 Washington St

Year built

1959

Lot size

0.47 lot acres

Property size

286,185 SF

Property type

Retail properties

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