2947 Washington StKokomo, IN 46902

For Lease

Kokomo, IN retail investment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
91
Maplecrest Plaza, a prominent 286,185 square foot community shopping center in Kokomo, Indiana, presents a compelling retail investment opportunity. This Class B property, built in 1959 and renovated in 1976, boasts a prime location at the corner of Washington St. and Lincoln Rd., benefiting from high visibility and accessibility. The center features a diverse tenancy, anchored by major retailers including Kroger, Harbor Freight, Rural King, The Best Deal Home Furniture, and Family Dollar. With over 1500 parking spaces, Maplecrest Plaza caters to a substantial customer base. Currently, there are 10 spaces available, ranging from 1,400 to 9,000 square feet, offering flexibility for various retail concepts. The property sits on 25.43 acres and includes a vacant 27,615 square feet. A 0.47-acre outlot is also available, suitable for ground lease or build-to-suit development. The property's strategic location near major highways, including the heavily traveled I-85 (eight-tenths of a mile away), and its proximity to other significant retailers like Walmart, Lowe's, and Belk, further enhances its appeal. The surrounding area boasts a population of approximately 66,000 within a 5-mile radius, with an average household income of around $58,000. The property is zoned C-2 and has an APN of 34-09-12-426-001.000-002 & 34-09-12-426-006.000-002. This well-established center offers a strong foundation for future growth and profitability. The minimum divisible space is 1,400 square feet.

Highlights

  • Units range from 1,400 to 9,000 square feet.
  • High visibility and convenient access.
  • Situated on S. Washington Street near SR 931.
  • Located in a heavily commercial area.
  • 0.47-acre lot available for ground lease at the prime corner of S. Washington Street and Lincoln Road.

Property Details for 2947 Washington St

Property type
Other retail properties, Individual retail properties
RSF (Rentable sq. ft)
286,185 SF
Class
B
Year Built/Renovated
1959/1976
Buildings
1
Stories
1

Unit(s) available at that property

Space
1
Size
3,150 SF
Space
18
Size
1,750 SF
Space
17
Size
1,540 SF
Space
15
Size
1,540 SF
Space
2
Size
4,585 SF
Space
25
Size
7,575 SF
Space
16
Size
1,400 SF
Space
10
Size
3,600 SF
Space
13
Size
1,400 SF
Space
6
Size
9,000 SF

Location Insight

City
Kokomo
County
Howard
State
Indiana
Latitude
40.452214
Longitude
-86.12855869
2947 Washington St, Kokomo, Indiana

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2947 Washington St
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