2130 E Markland Ave Kokomo, IN 46901
For Lease
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.
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JOANN Fabric and Crafts (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.