3050 State Road 18Kokomo, IN 46901

Property Details for 3050 State Road 18

Lot size

9.87 AC

Property type

Other commercial real estate

Property subtype

Other land

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.

Location Insight

City

Kokomo

County

Howard

State

Indiana

Latitude

40.5852

Longitude

-86.1283

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