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1504 W Markland Avenue

Kokomo, IN 46901

ActiveListed Apr 30, 2025 · 490 days on market

Key facts

Living area
864 sqft
Lot
0.23 acres
Year built
1917
Type
Commercial Sale · Mixed Use
MLS #
22035998
County
Howard
Total building area
864 sqft

About this home

Unlock the potential of this high-visibility commercial/residential property located on bustling West Markland Avenue in the heart of Kokomo. Offering prime exposure along one of the city's busiest thoroughfares, this versatile property presents a unique opportunity for investors, entrepreneurs, or small business owners seeking a flexible space with exceptional frontage and signage potential. Zoned for light industrial use, providing unmatched flexibility for a variety of business type. Located just minutes from downtown Kokomo, U.S. 31, and the Markland Mall, ensuring a steady flow of local and drive-by traffic. Features ample off-street parking, a private entrance, and a layout that can easily accommodate office, retail, or service-based businesses. Surrounded by established businesses, schools, and residential neighborhoods - ideal for walk-in customers or community-based services. Affordably priced with value-add potential - perfect for owner-occupiers or investors seeking a strategic Kokomo location. Whether you're looking to launch a boutique, medical office, salon, professional services firm, or even a rental property, 1504 W Markland Ave offers a rare blend of visibility, utility, and affordability. Property is a potential tear down.

Description provided by the listing brokerage.

Exterior

Parking and garage
Detached

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
LI

Schools

School district
Kokomo School Corporation

Taxes

Estimated annual tax
$230 / yearTwice the semi-annual installment the listing reports.
Tax year
2023

Estimate your monthly payment

$180per month, estimated
Principal and interest $151Property tax $19Insurance $10
20% · $5,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$29,900
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