2909 S Reed Rd Kokomo, IN 46901
Value-add restaurant asset in Kokomo's primary retail corridor.
Property size:
8,259 SFLot size:
3.04 AcresProperty Features for 2909 S Reed Rd
General Information
- Size
- 8,259 SF
- Lot size
- 3.04 Acres
Source:
Moodyscre
Listing 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Restaurants
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.12416
- Latitude
- 40.511505
Nearby Similar for Sale
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.