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Property profile & analytics
OFF-MARKET
Land

147 Creekside Rd Kokomo, IN 46907

4.28 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 4.28 ac (186,437 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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