2905 Reed Rd Kokomo, IN 46902

This 1.38-acre vacant lot, located at 2905 South Reed Road in Kokomo, Indiana, presents a prime redevelopment opportunity for a quick-service restaurant (QSR), auto shop, or other commercial use. The 1,340 square-foot site boasts a highly visible location on a major retail corridor with 38,000+ vehicles per day (VPD), ensuring significant exposure for any new business. The property is zoned C2 – Medium to Large Scale General Commercial, allowing for a variety of development options. Existing infrastructure includes water, sewer, and electric, along with a grease trap. The site benefits from its proximity to the Stellantis/Chrysler Transmission Plant, a major employer that recently invested $155 million in upgrades. Kokomo's robust economy, with a 29% population growth between 2010 and 2020, further enhances the investment potential. The location is also conveniently situated near several hotels and on the pedestrian "Industrial Heritage Trail," providing additional foot traffic. Signage rights and access are available from both Reed Road (38,255 VPD) and Lincoln Road (10,913 VPD). The asking price is $800,000, with a price per square foot of $597.01. This distressed property offers a unique chance to capitalize on a thriving market and a strategic location within a rapidly growing community. The property's proximity to other major employers, including Haynes International Inc. and the significant investments by Samsung and Stellantis in electric vehicle battery factories, further solidify its long-term value. The property is 45 minutes north of Indianapolis.