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Property profile & analytics

226 Un St Kokomo, IN 46901-4606

  • Retail space
  • 5,808 SF
  • 0.13 lot acres
OFF-MARKET
Value Estimation
$330,000
Location Intelligence
Property ID
US31-1139168
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.

Current Use by Public Records

  • Entrance for Kokomo Schools Labpack / School

Property Details for 226 Un St

Year built
1940
Construction
WOOD
Lot size
0.13 lot acres
Property size
5,808 SF
Property type
Retail space
APN
34-03-36-288-007.000-002
APU
340336288007000002

Description

This exceptional commercial property at 226 S Union Street, Kokomo, Indiana, presents a unique investment opportunity. The nearly 10,000 square foot building boasts a versatile layout ideal for a variety of businesses. Features include ample warehouse space equipped with four overhead doors, facilitating efficient loading and unloading. Multiple work rooms provide dedicated areas for specialized operations or office functions, while a large showroom offers excellent space for product display and customer interaction. The property's prime location in downtown Kokomo is a significant advantage, situated directly across the street from the planned site of a new convention center, promising increased foot traffic and visibility. This strategic positioning offers significant potential for growth and enhanced business prospects. The seller demonstrates flexibility by offering a build-to-suit option for potential buyers, with terms open to negotiation. Alternatively, the property is available for lease at a rate of $10 per square foot, and the seller is also open to build-to-suit arrangements for lease tenants, subject to mutually agreeable terms. This 0.51-acre lot provides ample space for expansion or future development. This is a rare chance to acquire a substantial commercial property in a rapidly developing area of Kokomo.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $305,000
  • CAP approach

    CAP return
    Estimation
    6%
    $440,000
    6.5%
    $380,000
    7%
    $440,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $440,000
    Geo Method
    $355,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $455,000
    Retail
    $370,000
    Mixed-Use
    $395,000
    Hospitality
    $405,000
    Educational
    $435,000
    Residential Income
    $435,000
    Energy
    $465,000
    Income-Based Land
    $490,000
    Food Service
    $490,000

Location Insight

  • Map
  • Local Demand
City
Kokomo
County
Howard
State
Indiana
Longitude
-86.1296
Latitude
40.4848
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
$2,064
$23,100
$45,700
$68,800
-
$23,100
$45,700
$68,800
More about this property
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