Property profile

1303 Morgan St Kokomo, IN 46901

OFF-MARKET
Grocery and convenience stores
Property ID
US31-1523051
23,998 SF 2.1 ac lot Built 1974
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the Save-A-Lot shopping center, a high-traffic location situated at the signalized intersection of North Reed Road (SR 931) and East Morgan Street in Howard County. The property comprises two buildings totaling 31,082 square feet and sits on a 3.2-acre lot. Currently, there are 1,000 square feet of vacant space available, divisible into units ranging from a minimum of 1,250 square feet to a maximum contiguous space of 7,084 square feet. The center features a total of five suites, offering flexibility for various retail businesses. The property is classified as Class B and does not include elevators. This prime retail space benefits from its high visibility and convenient location within a well-established shopping center anchored by a Save-A-Lot grocery store, ensuring consistent foot traffic and strong consumer presence. The available spaces present an excellent opportunity for businesses seeking high-traffic exposure and a strategic location within a thriving commercial area. The property's size and layout offer considerable potential for a variety of retail uses. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional retail space offers.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 23,998 SF
Lot 2.1 ac (91,302 SF)
APN 34-04-30-201-017.000-002
UPID US31-1523051

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

1303 Morgan St Kokomo, IN 46901-2555
Kokomo metro Census 300 KOKOMO, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$515k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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