Property profile

2905 Reed Rd Kokomo, IN 46902

OFF-MARKET
Turn key restaurants
Property ID
US31-1414086
1,260 SF 1.38 ac lot Built 1997
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property presents a unique opportunity for a build-to-suit development or lease of an existing 1,340 square foot structure. Situated on 1.38 acres at 2905 S Reed Rd, Kokomo, IN 46902, this Class A property boasts a prime location on a major retail corridor with high visibility and traffic volume (38,000 vehicles per day). The site is zoned C2, allowing for medium to large-scale general commercial development. The existing building, constructed in 2025, offers a single-tenant space ideal for quick-service restaurants (QSR), retail, or other commercial uses. The property's strategic location adjacent to the Stellantis/Chrysler Transmission Plant, a major employer with recent significant investment in electric vehicle production, ensures a robust and growing customer base. The build-to-suit option allows for customization up to 8,400 square feet, providing flexibility to meet specific business needs. This is an unparalleled opportunity to establish a thriving business in a high-growth area of Kokomo, Indiana. The property's parcel number is 34-10-07-402-010.000-002. The cross street is Lincoln Rd.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1997
Total area 1,260 SF
Lot 1.38 ac (60,113 SF)
APN 34-10-07-402-010.000-002
UPID US31-1414086

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2905 Reed Rd Kokomo, IN 46902-7908
Kokomo metro Census 1400 KOKOMO, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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