2905 S Reed Rd, Kokomo, IN

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.