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    2909 S Reed Rd Kokomo, IN 46901

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    For Sale
    $1,650,000

    Value-add restaurant asset in Kokomo's primary retail corridor.

    Property size:
    8,259 SF
    Lot size:
    3.04 Acres

    Property Features for 2909 S Reed Rd

    General Information

    Size
    8,259 SF
    Lot size
    3.04 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 Restaurant Asset For Sale

    This 8,259 SF restaurant asset is located at 2909 South Reed Road in Kokomo, IN. The property is situated on Kokomo’s busiest street, which sees 38,000 vehicles per day, within a primary retail corridor. The location offers high visibility with signage rights and access from both Reed Road (38,255 VPD) and Lincoln Road (10,913 VPD). The property is currently built out for a Mexican restaurant, and the restaurant and kitchen equipment are included in the sale. A liquor license is available for an additional fee. The site is located next to the Stellantis / Chrysler Transmission Plant, which employs 2,900 people and recently invested $155 million to retool their factory to produce electric drive modules (EDM) for their electric vehicles. The property is positioned on the pedestrian “Industrial Heritage Trail,” connecting the site to Motel 6, Hampton Inn, Baymont By Wyndham, Best Western, and the Stellantis Transmission Plant. It is located less than 10 minutes from Haynes International Inc. (NYSE: HAYN) Headquarters, an alloy manufacturer and part of S&P 600, and 45 minutes north of Indianapolis. Samsung & Stellantis are investing $6.3B (1,400 new high-wage jobs) into electric vehicle battery factories down the street on Reed Rd. There are below-market rents with 2 years remaining on the lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    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?
    Restaurant - Value-add restaurant asset in Kokomo's primary retail corridor.
    Where is this restaurant located?
    The property is located at 2909 S Reed Rd Kokomo, IN.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - High-traffic location on Kokomo's busiest street (Reed Rd) with 38,000 vehicles per day, offering excellent visibility and access.; - Proximity to Stellantis/Chrysler Transmission Plant and the future Samsung & Stellantis $6.3B electric vehicle battery factories, ensuring a strong customer base and economic growth.; - Value-add opportunity with below-market rents.
    (754) 255-6993
    Request Owner's contact information
    2909 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
    2909 S Reed Rd Kokomo, IN 46901
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