Current Use by Public Records
- Land
Property Details for 3050 State Road 18
- Lot size
- 9.87 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 9.87-acre commercial and industrial land parcel is strategically located on a highly visible, lighted hard corner at the intersection of US-31 and State Road 18 in Kokomo, Indiana. Zoned B-3 Commercial, this property boasts significant advantages for developers. Currently improved with gravel, fencing, and a billboard, the site offers immediate utility and security. The property has a history of successful leasing, most recently generating $240,000 annually for truck and construction equipment storage under a month-to-month lease. US-31's status as a major trucking route connecting Indianapolis and South Bend ensures high traffic volume, with a daily count of 26,282 vehicles. Kokomo's robust economic growth, fueled by significant investments from Stellantis/Chrysler, Samsung, and other major players in the EV battery and automotive sectors, presents a compelling investment opportunity. The city's population has experienced a substantial 31% increase since 2010, further solidifying its potential. This prime location, coupled with Kokomo's thriving economy and high visibility, makes this a rare and valuable development opportunity. The asking price is $3,200,000. APN: 52-13-25-100-009.000-005 & 52-13-25-100-008.000-005.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.1283
- Latitude
- 40.5852
