Positioned in the heart of downtown Kokomo, this fully renovated, turnkey commercial property presents a rare opportunity for both investors and owner-users. Currently configured with 4 private suites, each offering strong short-term rental potential, the layout is ideal for Airbnb or executive housing use. Spanning just over 2,300 square feet, the property includes a fully equipped kitchen, dedicated laundry area, and comes fully furnished. .. allowing for immediate income generation with minimal upfront effort. Zoned Downtown Commercial, it offers flexibility for a variety of uses while benefiting from walkable access to Kokomo’s restaurants, shops, and entertainment. Whether you're looking to expand your investment portfolio or capitalize on the growing demand for downtown short-term rentals, this is a high-performing asset in a prime location.
Some nearby schools may not be within this home's attendance zone. Please check the Kokomo School Corporation website to verify.
Pettit Park School
Public PreK-5 • 0.6mi
4/10
Central Middle School
Public 6-8 • 0.3mi
6/10
Lafayette Park Elementary School
Public PreK-5 • 1.1mi
5/10
Provided by GreatSchools
About Downtown
Kokomo
Downtown Kokomo, located between Foster Park and Highland Park, is a historic and civic Kokomo neighborhood with a courthouse square and a walkable grid of brick storefronts. The neighborhood’s character concentrates around the intersection of Sycamore Street and Markland Avenue, where murals, patios, and marquee lights frame an evening-forward streetscape. The Seiberling Mansion anchors local heritage, while the Kokomo Opalescent Glass factory and gallery spotlights the city’s craft legacy. The Kokomo Downtown Farmers Market turns the square into a weekly ritual of produce stands and maker tables. Early-20th-century commercial blocks mix with restored facades and pocket plazas. Trails and green space link the core to nearby parks and the Wildcat Creek corridor.
Provided by Walk Score and Local Logic
Offer insights
128 W Walnut St · $374,900
$373K and above
75% chance or better to win
Why $373K+ is a strong offer
DAYS ON MARKET
157 days
The average home goes pending in 27 days.
SALE-TO-LIST
97.9%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Window treatments and blinds
No basement
Bedrooms
Total of 7 rooms (bedroom breakdown not specified)
Bathrooms
Four full bathrooms
Kitchen
Dishwasher
Microwave
Refrigerator
Electric range
Laundry & utility
Washer and dryer included
Laundry located on upper level
Electric water heater
Heating & cooling
Central air with multiple units
Natural gas heating
Exterior features
Level lot
Lot dimensions approximately 33 x 132
Home design
Single-family, site-built home
Two stories
Parking
Off-street parking
Construction
Brick construction
Utilities
Public water
Public sewer
Other
Approximately 2,310 above-grade finished area
Electricity and solar
View estimated energy costs and solar savings for this home