148 Creekside Dr Kokomo, IN 46901-4936
- Retail space
- 7,740 SF
- 0.79 lot acres
Current Use by Public Records
- Shooters Emporium / Shooting Range / Ammunition Supplier
- The Spa Doc / Spa
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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
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
