909 Belvedere Dr Kokomo, IN 46901
For Sale
This thriving Kokomo restaurant presents a fantastic investment opportunity. Located at 909 Belvedere Drive, 46901, this single-tenant property boasts a generous 4,927 square feet of space on a 0.36-acre lot. The building enjoys a prime location, situated near major retail anchors including Markland Mall, Walmart, Meijer, Raising Cane's, Popeye's, McDonald's, Sonic, and Chipotle, ensuring high visibility and consistent foot traffic. Recent improvements include a fresh exterior paint job and a brand-new metal roof, minimizing immediate maintenance needs. The property also features its own dedicated parking lot, providing ample space for customers and staff. This turnkey operation is ready for a new owner to step in and capitalize on its established presence in a bustling commercial area. The property's size and location make it ideal for a variety of restaurant concepts, offering significant potential for growth and profitability. The 0.36-acre lot provides ample space for outdoor seating or future expansion, further enhancing its appeal. This is a rare opportunity to acquire a well-maintained, strategically located restaurant in a thriving Indiana market. Serious inquiries are encouraged.
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.