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    2905 S Reed Rd Kokomo, IN 46901

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    For Sale
    $800,000

    1,340 SF redevelopment site on Kokomo's busiest street.

    Property size:
    1,340 SF
    Lot size:
    1.18 Acres

    Property Features for 2905 S Reed Rd

    General Information

    Size
    1,340 SF
    Lot size
    1.18 Acres

    Source: Sands Investment Group (SIG) | Fort Lauderdale Agent Mark Herbert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kokomo QSR Redevelopment Site

    This 1,340 SF quick-service restaurant redevelopment site is located at 2905 South Reed Road in Kokomo, IN. The property is situated next to the Stellantis/Chrysler Transmission Plant, which employs 2,900 individuals and has recently invested $155 million in retooling its factory to produce electric drive modules for electric vehicles. It is located on Kokomo’s busiest street, a primary retail corridor with a high-visibility location. The site benefits from signage rights and access from both Reed Road (38,255 VPD) and Lincoln Road (10,913 VPD). The property is located on the pedestrian Industrial Heritage Trail, connecting the site to Motel 6, Hampton Inn, Baymont by Wyndham, Best Western, and the Stellantis Transmission Plant. The zoning is C2, which allows for medium to large-scale general commercial use. Water, sewer, and electric utilities are available onsite, along with an existing grease trap. The location is approximately 45 minutes north of Indianapolis and less than 10 minutes from Haynes International Inc. headquarters. The area has experienced a 29% population growth from 46,100 in 2010 to 59,600 in 2020. Samsung and Stellantis are investing $6.3 billion into electric vehicle battery factories down the street on Reed Rd, creating 1,400 new high-wage jobs.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.12416
    Latitude
    40.511505

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    FAQs

    What type of property is this?
    Storefront property - 1,340 SF redevelopment site on Kokomo's busiest street.
    Where is this storefront property located?
    The property is located at 2905 S Reed Rd Kokomo, IN.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Located next to Stellantis/Chrysler Transmission Plant (2,900 jobs) with recent $155M investment.; - Located on Kokomo’s busiest street (38K VPD) in a primary retail corridor.; - Samsung & Stellantis investing $6.3B into electric vehicle battery factories nearby, creating 1,400 new high-wage jobs.
    (754) 255-6993
    Request Owner's contact information
    2905 S 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
    2905 S Reed Rd Kokomo, IN 46901
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