Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

1401 Washington St Kokomo, IN 46901

  • Grocery and convenience stores
  • 35,968 SF
  • 3.23 lot acres
Value Estimation
$560,000
Location Intelligence
Property ID
US31-0952918
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Family Dollar / Dollar Store / Clothing Store

Property Details for 1401 Washington St

Year built
1970
Construction
TYPE NOT SPECIFIED
Lot size
3.23 lot acres
Property size
35,968 SF
Property type
Grocery and convenience stores
APN
34-03-25-251-037.000-002
APU
340325251037000002

Description

This exceptional 5,897 square foot single-tenant office space is ideally situated on North Washington Street in Howard County, offering unparalleled access to downtown amenities, thriving shopping districts, and a densely populated residential area. The property's retail/office classification provides versatility for a range of businesses. The building features a clear-span layout, maximizing usable space and providing excellent visibility for tenants. Three convenient access doors ensure efficient operations. Ample shared parking is available for employees and clients, addressing a key concern for businesses in high-traffic areas. The building shares space with established retailers, Dollar Tree and Family Dollar, further enhancing the location's appeal and foot traffic. This property presents a unique opportunity for businesses seeking a prominent location with excellent accessibility and ample space to grow. The traditional office layout is complemented by creative office features, making it suitable for a variety of business models. The single-tenant occupancy ensures exclusive use and control of the space. This is a rare opportunity to secure a high-profile location in a vibrant and rapidly developing area.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $545,000
  • CAP approach

    CAP return
    Estimation
    6%
    $575,000
    6.5%
    $695,000
    7%
    $610,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $570,000
    Geo Method
    $615,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $580,000
    Retail
    $760,000
    Mixed-Use
    $680,000
    Hospitality
    $755,000
    Educational
    $640,000
    Residential Income
    $570,000
    Energy
    $670,000
    Income-Based Land
    $715,000
    Food Service
    $705,000

Location Insight

  • Map
  • Local Demand
City
Kokomo
County
Howard
State
Indiana
Longitude
-86.1346
Latitude
40.4991
CBSA code
29020
CBSA name
KOKOMO, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,134
$203,500
$334,300
$537,800
-
$203,500
$334,300
$537,800
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message