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    Carmel, IN Drive Through 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

    Contact for pricing
    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
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 1 Active listings in Carmel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Commercial Development Land with Utilities
    Commercial Development Land with Utilities

    1771 Quaker Boulevard, Plainfield, IN 46168

    $500,000
    2.72 AC lot

    Commercial development site with public sewer and full water, sewer, and electric services available for future use.

    View details
    7 Brew Double Drive-Thru NNN Property
    7 Brew Double Drive-Thru NNN Property

    8650 Michigan Road, Indianapolis, IN 46268

    Contact for pricing
    760 sqft

    Brand-new ground lease asset with a long-term net lease and no landlord responsibilities.

    View details
    Drive-Through Restaurant with Ground Lease
    Drive-Through Restaurant with Ground Lease

    609 W Main St, Plainfield, IN 46168

    Contact for pricing
    5,033 sqft 1.46 AC lot

    Corporate McDonald’s offered with a ground-leased interest and established lease term.

    View details
    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.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Land
    Corner Commercial Land

    1401 S Meridian Street, Indianapolis, IN 46225

    $72,900
    0.12 AC lot

    Level corner parcel with frontage on two city streets and utilities already in place.

    View details
    Planned Business Commercial Land
    Planned Business Commercial Land

    4844 Conner Street, Noblesville, IN 46060

    $1,799,000
    2.20 AC lot

    PB-zoned parcel positioned along the SR 38 and SR 32 corridor.

    View details

    Off-Market Properties in Carmel, IN

    Consider similar Off-Market properties in Carmel, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2420 146th St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2420 146th St, Carmel, IN 46033-7712

    $1,720,000
    Estimated value
    2,299 sqft 0.16 AC lot
    View details
    14933 Thatcher Ln
    DRIVE-THRU RESTAURANT, FAST FOOD

    14933 Thatcher Ln, Carmel, IN 46032-1559

    $3,255,000
    Estimated value
    3,428 sqft 0.95 AC lot
    View details
    10575 Michigan Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    10575 Michigan Rd, Carmel, IN 46032-9685

    $605,000
    Estimated value
    3,258 sqft 1.20 AC lot
    View details
    9853 Michigan Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    9853 Michigan Rd, Carmel, IN 46032-7925

    $680,000
    Estimated value
    2,959 sqft 1.09 AC lot
    View details
    951 Rangeline Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    951 Rangeline Rd, Carmel, IN 46032-1361

    $2,775,000
    Estimated value
    3,928 sqft 0.64 AC lot
    View details
    14647 Thatcher Ln
    DRIVE-THRU RESTAURANT, FAST FOOD

    14647 Thatcher Ln, Carmel, IN 46032-1556

    $700,000
    Estimated value
    4,609 sqft 0.98 AC lot
    View details
    2740 146th St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2740 146th St, Carmel, IN 46033-7718

    $730,000
    Estimated value
    4,869 sqft 0.87 AC lot
    View details
    465 Carmel Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    465 Carmel Dr, Carmel, IN 46032-2811

    $570,000
    Estimated value
    3,150 sqft 1.30 AC lot
    View details
    10585 Michigan Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    10585 Michigan Rd, Carmel, IN 46032-9685

    $705,000
    Estimated value
    3,280 sqft 1.00 AC lot
    View details
    2370 116th St
    DRIVE-THRU RESTAURANT, FAST FOOD

    2370 116th St, Carmel, IN 46032-3217

    $600,000
    Estimated value
    3,136 sqft 0.92 AC lot
    View details
    615 Carmel Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    615 Carmel Dr, Carmel, IN 46032-2815

    $675,000
    Estimated value
    4,833 sqft 0.93 AC lot
    View details
    9703 Michigan Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    9703 Michigan Rd, Carmel, IN 46032-9615

    $640,000
    Estimated value
    3,140 sqft 1.38 AC lot
    View details
    15100 Thatcher Ln
    DRIVE-THRU RESTAURANT, FAST FOOD

    15100 Thatcher Ln, Carmel, IN 46032-1561

    $715,000
    Estimated value
    7,066 sqft 1.23 AC lot
    View details
    15005 Thatcher Ln
    DRIVE-THRU RESTAURANT, FAST FOOD

    15005 Thatcher Ln, Carmel, IN 46032-1560

    $660,000
    Estimated value
    1,820 sqft 1.02 AC lot
    View details
    15130 Thatcher Ln
    DRIVE-THRU RESTAURANT, FAST FOOD

    15130 Thatcher Ln, Carmel, IN 46032-1561

    $575,000
    Estimated value
    3,537 sqft 1.05 AC lot
    View details
    14909 Thatcher Ln
    DRIVE-THRU RESTAURANT, FAST FOOD

    14909 Thatcher Ln, Carmel, IN 46032-1559

    $690,000
    Estimated value
    3,584 sqft 1.17 AC lot
    View details
    1331 Rangeline Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    1331 Rangeline Rd, Carmel, IN 46032-2931

    $575,000
    Estimated value
    3,181 sqft 0.70 AC lot
    View details
    11550 Illinois St
    DRIVE-THRU RESTAURANT, FAST FOOD

    11550 Illinois St, Carmel, IN 46032-3137

    $740,000
    Estimated value
    4,725 sqft 1.07 AC lot
    View details
    750 Carmel Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    750 Carmel Dr, Carmel, IN 46032-2806

    $730,000
    Estimated value
    5,232 sqft 1.62 AC lot
    View details
    625 Carmel Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    625 Carmel Dr, Carmel, IN 46032-2815

    $605,000
    Estimated value
    4,207 sqft 0.87 AC lot
    View details
    4100 106th St
    DRIVE-THRU RESTAURANT, FAST FOOD

    4100 106th St, Carmel, IN 46032-9607

    $600,000
    Estimated value
    2,583 sqft 0.50 AC lot
    View details

    Carmel, IN Drive Through Restaurants Market Trends and Statistics

    Explore 22 drive through restaurants for sale in Carmel, IN on our real estate platform.

    List
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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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