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1900 S Reed Rd
Kokomo, IN 46902

Red Lobster · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
8,024 SF
Building Class
B
Year Built/Renovated
1980/2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.52 AC
Zoning
commercial

ABOUT 1900 S REED RD , KOKOMO, IN 46902

This Red Lobster is located at 1900 South Reed Street in Kokomo, Indiana. Kokomo is a city in and the county seat of Howard County, Indiana. A significant number of technical and engineering innovations were developed in Kokomo, particularly in automobile production, which encompasses a substantial portion of Kokomo’s employment today. Surrounding Retail and Points of Interest The subject property is strategically positioned in a dense retail corridor benefiting from its proximity to major national and local tenants. Major national tenants in the area include: Walmart, Sears, Sam’s Club, Hobby Lobby, Target, Meijer, Walgreens, JCPenney, AMC, Kohl’s, McDonald’s, Burger King, as well as many others. Hotel accommodations in the area include the Comfort Inn & Suites, Fairfield Inn & Suites, Hampton Inn & Suites, Motel 6, and other local establishments. Community Howard Regional Health, a 152-bed, general medical and surgical facility is located less than two miles from this Red Lobster property. Indiana University Kokomo, a public institution with a total annual enrollment of over 4,106 students, is located within a two-mile radius. Markland Mall, an indoor mall that houses roughly 45 stores, can be found less than a mile from the subject property. In addition, General Motor’s Components Holding Facility, as well as Fiat Chrysler Automobile’s Transmission Plant, two of Kokomo’s largest employers, are within a half a mile radius. Traffic Counts and Demographics Kokomo has approximately 42,353 individuals residing within a three-mile radius of the property and more than 66,031 within a five-mile radius. The Red Lobster Property is located on South Reed Road, also known as the U.S. Interstate 31 Bypass, which experiences average daily traffic counts exceeding 42,330 vehicles. Intersecting with South Reed Road is East Markland Avenue, which brings an additional 24,360 vehicles to the immediate area daily. Kokomo, Indiana Kokomo’s employment is largely based in the manufacturing industry. Healthcare, social assistance, and the hospitality industry follow with combined total employment of roughly 15,000. A number of incentive programs help attract businesses to the city – programs such as property tax abatements, revolving loan funds, and customized business incentives all work to grow and develop the economy of Kokomo city. The city is also known for its Historical Society, which occupies the Seiberling Mansion and the Elliot House. The Seiberling Mansion was built as the residence of Monroe Seiberling, and is now a nationally recognized tourist attraction. Kokomo is also home to the Opalescent Glass Factory, Elwood Haynes Museum, and the Kokomo Art Center, which further elucidate Kokomo’s nickname: The City of Firsts.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-10-05-351-022.000-002
Land Assessment
$826,200
Improvements Assessment
$548,000
Total Assessment
$1,374,200
  • Listing ID: 13752109

  • Date on Market: 9/10/2018

  • Last Updated:

  • Address: 1900 S Reed Rd, Kokomo, IN 46902

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