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Property profile & analytics
OFF-MARKET Estimated value $950,000
Grocery and convenience stores

1401 Washington St Kokomo, IN 46901-2212

35,968 SF 3.23 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear
Property ID
US31-0952918
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1970
Construction TYPE NOT SPECIFIED
Total area 35,968 SF
Lot 3.23 ac (140,699 SF)
APN 34-03-25-251-037.000-002
UPID US31-0952918
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$950k
Owner & transaction history
MSI WASHINGTON STREET KOKOMO GROCERY LLC
MSI WASHINGTON STREET KOKOMO GROCERY LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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