147 Creekside RdKokomo, IN 46907

For Sale
$700,000

4.28-acre lot, high-traffic location

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • 4.28-acre commercial land parcel in Kokomo, Indiana, with 40,000+ VPD on a primary north-south thoroughfare.
  • Kokomo's population grew 31% from 2010 to 2020.
  • Prime location between Stellantis/Samsung EV battery plant (1,400 jobs) and Stellantis/Chrysler transmission plant (2,200 jobs), less than 10 minutes away from both.
  • Stellantis/Samsung invested $6.3B in EV battery gigafactories nearby since 2022; Stellantis/Chrysler invested $155M retooling their transmission plant for electric drive modules.
  • Future-proofed demand drivers due to significant area employer investments.
  • Located in an Opportunity Zone.

Property Details for 147 Creekside Rd

Property type
Other land, Land
Lot Size (sq. ft)
186,437 SF

Location Insight

City
Kokomo
County
Kokomo
State
Indiana
Latitude
40.486852836547
Longitude
-86.107652968021
147 Creekside Rd, Kokomo, Indiana

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147 Creekside Rd
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