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    1500 Reed Rd Kokomo, IN 46901

    For Sale
    $4,999,000

    Massive Warehouse, 11.5 Acres, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 100,968 square foot commercial building presents a significant investment opportunity in Kokomo, Indiana. Strategically located just south of the new battery plant, this property boasts high visibility and convenient access to major highways. The expansive 11.5-acre lot includes a substantial parking area, perfect for accommodating employees and customers. The building itself features a multitude of potential uses, including warehousing, storage, retail, and restaurants. With two dock doors and four overhead doors, loading and unloading are efficient and straightforward. The interior offers versatile space with ceiling heights ranging from 14 to 20 feet. A prominent multi-tenant sign enhances visibility and marketing opportunities. This property's size, location, and features make it ideal for a single large business seeking expansion or multiple tenants seeking a shared space. The potential for increased cash flow through various business models makes this a compelling investment for both established businesses and savvy investors. The property is priced at $4,999,000. Don't miss this chance to acquire a prime commercial property in a rapidly growing area.

    Property Features for 1500 Reed Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    500,940 SF

    Building Details

    Year Built
    1990
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kokomo Event & Conference ... Conference Center Lucas Home Furnishings ... Warehouse Sunrise Structures of Kokomo Shed Builder Kokomo Fireworks Fireworks Store Simply Tasty Jam Grocery Store

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1086
    Latitude
    40.50119

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    FAQs

    What type of property is this?
    Commercial real estate - Massive Warehouse, 11.5 Acres, High Visibility
    Where is this commercial real estate located?
    The property is located at 1500 Reed Rd Kokomo, IN.
    What is the asking price?
    The asking price for this property is $4,999,000.
    (765) 457-1700
    Request Owner's contact information
    1500 Reed Rd Kokomo, IN 46901
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    Kokomo, IN 46901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Reed Rd Kokomo, IN 46901
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