Listing Agency: Indianapolis Show Phone

Listed By: Billy Powers Show Phone

Source: Colliers

Added: Jul 30 Changed: Jul 31 Last Checked: Jul 31 at 5:53PM

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Investment Insights

Based on property information with market context.

Flex space offering up to 68,750 SF of office and warehouse area for lease. The property is located at 1000 E 116th St in Carmel, Indiana 46032.

Key Highlights

• Up to 68,750 SF of office and warehouse space
• Located at 1000 E 116th St, Carmel, IN 46032

Property Analytics

Current Use

Telamon Energy Electrical Service Telamon Corporation Business Service Center Ho Peter Law Firm Telemon Corporation Corporate Office Telamon Robotics Production Facility

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Storage Facility Electrical Service (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$10,312.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,077

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 46032, IN

50,477

Population

22,118

Households

2.3

Avg Household Size

40

Median Age

75%

College-Educated

98%

High-School Grad

25.3 sq mi

ZIP Area

1,995

Density / Sq Mi

$123,438

Median Household Income

$70,558

Median Earnings

$1,522

Median Rent

$464,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Flex space - Combined office and warehouse configuration available for lease.

Where is this flex space located?

The property is located at 1000 E 116th St Carmel, IN.

What is the lease rate?

The lease rate is $68,750.

What are key features of this property?

This property features: Up to 68,750 SF of office and warehouse space; Located at 1000 E 116th St, Carmel, IN 46032