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706 W Jefferson St 2,160 SF Retail Building Kokomo, IN 46901 $233,643 CAD ($108.17 CAD/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated 2025
- Accesibilty
- Parking
EXECUTIVE SUMMARY
Commercial Restaurant Building – Turnkey Investment Opportunity!
This fully renovated commercial restaurant building, completed in 2025, is now available for sale. Please note, the sale includes the building only—the business is not for sale. Located in a desirable area with plenty of parking, this property is ideal for investors seeking a low-maintenance, income-generating asset. The space includes a fully equipped commercial kitchen, complete with a kitchen exhaust system and walk-in refrigerator. The seller is requesting a two-year lease-back, offering immediate rental income and long-term potential. This is a rare opportunity to own a ready-to-go restaurant space with a committed tenant already in place.
Highlights:
$169,000
10% Cap Rate
Retail, restaurant, storefront
2160 sqft
Built 1972
renovated 2025
This fully renovated commercial restaurant building, completed in 2025, is now available for sale. Please note, the sale includes the building only—the business is not for sale. Located in a desirable area with plenty of parking, this property is ideal for investors seeking a low-maintenance, income-generating asset. The space includes a fully equipped commercial kitchen, complete with a kitchen exhaust system and walk-in refrigerator. The seller is requesting a two-year lease-back, offering immediate rental income and long-term potential. This is a rare opportunity to own a ready-to-go restaurant space with a committed tenant already in place.
Highlights:
$169,000
10% Cap Rate
Retail, restaurant, storefront
2160 sqft
Built 1972
renovated 2025
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,160 SF
Building Class
C
Year Built
1929
Price
$233,643 CAD
Price Per SF
$108.17 CAD
Cap Rate
10%
NOI
$23,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.21 AC
Zoning
Commercial Small Retail
AMENITIES
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34-03-25-389-014.000-002 | Improvements Assessment | $21,677 CAD |
| Land Assessment | $24,754 CAD | Total Assessment | $46,431 CAD |
PROPERTY TAXES
Parcel Number
34-03-25-389-014.000-002
Land Assessment
$24,754 CAD
Improvements Assessment
$21,677 CAD
Total Assessment
$46,431 CAD
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706 W Jefferson St
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