147 Creekside Rd Kokomo, IN 46907
This 4.28-acre commercial land parcel in Kokomo, Indiana, presents a unique investment opportunity. Located at 147 South Creekside Road, the property boasts high visibility and traffic counts exceeding 40,000 vehicles per day due to its frontage on a primary north-south thoroughfare. Its C2 zoning permits medium to large-scale general commercial development. The site is ideally situated near major employers, including Stellantis/GM and Samsung's significant investments in EV battery production, ensuring sustained demand and future growth potential. Kokomo's population has experienced substantial growth, increasing by 31% from 2010 to 2020, further supporting the property's value. The location offers convenient access to these large employers, less than 10 minutes away from both Stellantis/Samsung's EV battery plants and Stellantis/Chrysler's transmission plant. Additional benefits include existing water, sewer, and electric utilities on-site, eliminating the need for water retention, and a cash-flowing billboard. The property's adjacency to a Dairy Queen provides further convenience and visibility. This is a prime location for development, benefiting from its position in an Opportunity Zone and the substantial economic growth in the area. The asking price is $700,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.