Assessing the suitability of urban and agricultural land is essential for planning sustainable urban and agricultural systems. The main objective of this study is to evaluate the suitability of land in Ioannina plain (western Greece) concerning the soil contents of two potentially toxic elements, cadmium (Cd) and cobalt (Co). Geochemical and spatial analysis methods were applied to assess the distribution of Cd and Co in the soil of the Ioannina plain and identify their origin. The primary anthropogenic sources of Cd and Co in the topsoil of the study area can be attributed to traffic emissions, aircraft operations, vehicle crushing and dismantling activities. Element content is compared to international guidelines and screening values. Cadmium and Co concentration in the soil of the study area is well above the European topsoil mean. Thus, the urban and agricultural lands cover the vast majority (92%) of the total area. Cadmium concentration in soil of the study area with a mean (mg kg−1) 1.7 and 2.0 was observed in agricultural and urban land use, respectively. Cobalt content in soil of the area studied with a mean (mg kg−1) 30.8 and 37.1 was recorded in agricultural and urban land use, respectively. Land evaluation suitability by adopting criteria provided from the international literature is discussed.