Conventional Restaurant

Carmel, IN Conventional Restaurants for Sale

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Restaurant Property with Drive-Through
Updated: Apr 12
Restaurant Property with Drive-Through

9802 N Michigan Rd, Carmel, IN 46032

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6.86% cap rate with over 9 years remaining on a 10‑year lease
Operating restaurant with a drive‑through and outdoor patio
Located along US 421 with direct access to I‑465
Shares an entrance with a Marathon gas station
Nearby retailers include Home Depot, Kohl’s, Costco, and Target
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Carmel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Drive-Through Restaurant Building
Drive-Through Restaurant Building

6010 W 86 St, Indianapolis, IN 46278

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3,314 sqft 1.17 AC lot

Restaurant property with an existing drive-through and patio.

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Mixed-Use Property with Office
Mixed-Use Property with Office

6516 Ferguson St, Indianapolis, IN 46220

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1,924 sqft

Commercial conversion combining front-office space with a restaurant operation in a character-rich building.

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Drive-Through Restaurant Property
Drive-Through Restaurant Property

7217 Woodland Dr, Indianapolis, IN 46278

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53,143 sqft 1.22 AC lot

Vacant restaurant property with an existing drive-through and on-site parking.

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Former Restaurant With Drive-Through
Former Restaurant With Drive-Through

8456 Michigan Rd., Indianapolis, IN 46268

Contact for pricing
2,812 sqft

Restaurant improvements occupy a lighted intersection beside Lowe’s and near the 86th & Michigan Road retail hub.

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Carmel, IN Conventional Restaurants Market Trends and Statistics

Explore 1 conventional restaurants for sale in Carmel, IN on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 3
Drive through restaurants 3

Demographics Overview

Population 145K
Population Growth (5Y) +1.7%
Median Household Income $128,931
College Educated 82.0%

Taxes & Financing

Tax Rate (average for all types) 1.96%
Property Tax per SF $24.58 per SF
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hamilton County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Carmel fall within the 2,500 to 5,000 square foot range.

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