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    2130 E Markland Ave Kokomo, IN 46901

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    2130 E Markland Ave Kokomo, IN 46901


    • Outlet malls
    • 126,051 SF
    • 20.58 lot acres
    Retail Space in High-Traffic Area For Lease
    $10,175,000

    Retail Space in High-Traffic Area

    Retail space with ample parking near a major anchor tenant.

    2130 E Markland Ave, Kokomo, IN 46901
    View Listing
    Property ID
    US31-2285140
    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

    • JOANN Fabric and Crafts / (Bike/Boat/Book/etc) Store

    Property Details for 2130 E Markland Ave

    Year built
    1992
    Construction
    TYPE NOT SPECIFIED
    Lot size
    20.58 lot acres
    Property size
    126,051 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    34-04-32-377-002.000-002
    APU
    340432377002000002

    Description

    This exceptional 133,384 square foot single-story retail center, located at 2130 E Markland Ave, Kokomo, IN 46901, presents a unique investment opportunity. The property boasts a prime location in Howard County, experiencing daily traffic counts nearing 40,000 vehicles. The center features a newly renovated interior and exterior, ensuring a modern and attractive aesthetic for tenants and customers. Ample parking is available, providing a generous 7 spaces per 1,000 square feet. Currently, there are multiple tenants occupying the space, including a diverse mix of retail, restaurant, and entertainment businesses such as shoe stores, medical offices, and a diner. Three spaces are currently available, ranging from 1,200 to 40,000 square feet, with a minimum divisible space of 2,200 square feet and a maximum contiguous space of 10,200 square feet. The center benefits significantly from its proximity to a Walmart Supercenter, which ranks in the top 3% of all Walmart stores nationwide in terms of sales volume, driving substantial foot traffic to the entire shopping center. Furthermore, the property's location is approximately a quarter-mile from a new championship park, adding to its appeal and potential for increased customer traffic. This is a rare opportunity to acquire a thriving retail center in a high-growth area with strong anchor tenants and exceptional visibility.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,042,000
      Market price range: $4.75M - $18.2M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,915,000
      Current use
      RESTAURANT
      $13,770,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $12,180,000
      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
    -86.101
    Latitude
    40.4789
    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
    $124,434
    $2,386,500
    $1,761,300
    $4,147,800
    -
    $2,386,500
    $1,761,300
    $4,147,800
    View Listing
    More about this property
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