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148 Creekside Dr Kokomo, IN 46901
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148 Creekside Dr Kokomo, IN 46901


  • Retail space
  • 7,740 SF
  • 0.79 lot acres
Kokomo Office Building For Sale For Sale
$595,000
7,882 SF

Kokomo Office Building For Sale

Office building for sale, ideal for owner-user or investment.

148 Creekside Dr, Kokomo, IN
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Property ID
US31-2373297
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.

Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Shooters Emporium / Shooting Range / Ammunition Supplier
  • The Spa Doc / Spa & Massage Center

Property Details for 148 Creekside Dr

Year built
1987
Construction
WOOD
Lot size
0.79 lot acres
Property size
7,740 SF
Property type
Retail space
APN
34-04-31-228-006.000-002
APU
340431228006000002

Description

This exceptional Kokomo, Indiana retail property presents a compelling investment opportunity. Located at 148 Creekside Dr, 46901, this 7,882 square foot multi-tenant storefront sits on a 0.81-acre lot and boasts a strong 6.66% capitalization rate, generating a net operating income (NOI) of $39,600 annually. The asking price is $595,000, translating to a price per square foot of $75.49. The property is zoned C-2 and features excellent visibility with frontage on busy IN-931, experiencing 43,940 vehicles per day. The building comprises three suites: Suite A (3,025 SF) and Suite C (719 SF) are currently vacant, offering immediate potential for owner-occupancy or lease-up. Suite B (3,804 SF) is occupied, providing a steady stream of rental income. This property is ideal for an owner-user seeking a high-traffic location with existing income potential, or for an investor looking for a strong return on investment in a thriving market. The property's location in Howard County, Indiana, offers easy access to major transportation routes and a diverse customer base. This is a rare opportunity to acquire a well-positioned retail center with significant upside potential.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $693,000
    Market price range: $291k - $1.12M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $670,000
    Current use
    RESTAURANT
    $845,000
    Change: +26% Conversion: Easy
    AUTO REPAIR, GARAGE
    $750,000
    Change: +12% Conversion: Difficult

Get a detailed, property-specific estimation — fast and free


Location Insight

  • Map
  • Local Demand
City
Kokomo
County
Howard
State
Indiana
Longitude
-86.1082
Latitude
40.4878
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
$9,540
$174,400
$143,600
$318,000
-
$174,400
$143,600
$318,000
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