# 508 E Southway Boulevard, Kokomo, IN 46902

> **TL;DR:** commercial, $1,270,000.
> A/C. Est. $6,792/mo. Listed 600 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,270,000 |
| Lot Size | 37,897 sqft (0.87 acres) |
| Property Type | Commercial (Retail) |
| Status | Active |
| Days on Market | 600 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,422 |
| Estimated Insurance | $370 |
| **Total** | **$6,792** |

## Key Amenities

- A/C

## Property Highlights

- 0.87 acre lot

## Description

### Agent Description
This 2 tenant building located on high traffic - Southway Blvd. is longtime home of ATI Physical Therapy and recently home of a very experienced restaurant with multiple locations. NOI of $105,630 (8.4 Cap Rate). Property in great condition and great investment opportunity. Contact LA. ATI NNN Lease 55% & Ramen Tea set NNN contribution of $17,124 toward TX, CAM, Insurance. Leaving owner with only $1,100 expenses per year.

## Location

- **Address:** 508 E Southway Boulevard, Kokomo, IN 46902
- **Coordinates:** 40.444882, -86.124444
- **Google Maps:** https://www.google.com/maps?q=40.444882,-86.124444

## Listing Agent

- **Name:** Dave Cash
- **Brokerage:** Remax Real Estate Associates
- **Broker Phone:** (812) 235-4433

## Photos

![508 E Southway Boulevard - Photo 1](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f3705035504r.jpg)

![508 E Southway Boulevard - Photo 2](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f4212600473r.jpg)

![508 E Southway Boulevard - Photo 3](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f2323557177r.jpg)

![508 E Southway Boulevard - Photo 4](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f1310135996r.jpg)

![508 E Southway Boulevard - Photo 5](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f2877672350r.jpg)

![508 E Southway Boulevard - Photo 6](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f1384220867r.jpg)

![508 E Southway Boulevard - Photo 7](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f4235340960r.jpg)

![508 E Southway Boulevard - Photo 8](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f1500208908r.jpg)

![508 E Southway Boulevard - Photo 9](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f696833473r.jpg)

![508 E Southway Boulevard - Photo 10](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f366840165r.jpg)

![508 E Southway Boulevard - Photo 11](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f3642242209r.jpg)

![508 E Southway Boulevard - Photo 12](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f1529424198r.jpg)

![508 E Southway Boulevard - Photo 13](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f2135670097r.jpg)

![508 E Southway Boulevard - Photo 14](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f2339694838r.jpg)

![508 E Southway Boulevard - Photo 15](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f1249622135r.jpg)

![508 E Southway Boulevard - Photo 16](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f2437099584r.jpg)

![508 E Southway Boulevard - Photo 17](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f2068074263r.jpg)

![508 E Southway Boulevard - Photo 18](http://lh.rdcpix.com/24aa23e17feebb2a17ce5d13b0507339l-f3039158663r.jpg)

---

**MLS#:** 105764 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/508-e-southway-boulevard-kokomo-in-46902-84671ffd83154984a2ccf893619ff781)

---

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