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Medical Office Space Available
For Lease
$24 SF/Yr

10485 Commerce Dr, Carmel, IN 46032

3,400 SF medical office space available for lease.

Space Size3,400 SF
Days on Market283

Property Features for 10485 Commerce Dr

General Information

Standard status Active
Size 3,400 SF
Property subtype Medical
Lease Term Double Net

Building Details

Year Built 2003

Spaces For Lease

at 10485 Commerce Dr Contact us

10485 Commerce Drive $24/SF/Yr

Size
3,400 SF
Term
Negotiable
Contact us
Listing Agency: ALO Property Group
Listed By: Ralph Balber · License #RB14044276
Source: Alopg
Added: Nov 25, 2025 Changed: Sep 3 Last Checked: Sep 4 at 2:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ALO Property Group

Investment Insights

Based on property information with market context.

The property at 10485 Commerce Drive offers 3,400 square feet of medical office space, available for lease starting January 1 of 2025. The existing layout includes exam rooms equipped with plumbing, storage areas, office space, a nurses’ station, and a break room that provides access to a back patio. The property benefits from on-site ownership and management.

Key Highlights

  • 3,400 sq ft of medical office space available
  • Available for lease January 1, 2025
  • Existing build‑out includes exam rooms with plumbing

Property Analytics

Current Use

Indiana Vein Specialists Medical Clinic Dr. Joseph E ... Physician Mallory Bragg Physician Unique the Speciality Group Employment Agency Dr. Jeffery Schoonover Medical Clinic

Suggested Use

Top Pick HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Hotel & Motel

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
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

748
Businesses Nearby
Balanced
Demand for This Use

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

Lease Benchmarks for Carmel, IN

$51 /SF/Yr
Avg Asking Price
$24–$123 /SF/Yr
Price Range
9,555 SF
Avg Space Size

This space is priced 53% below the average of $51 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - 3,400 SF medical office space available for lease.
Where is this medical office space located?
The property is located at 10485 Commerce Dr Carmel, IN.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 3,400 sq ft of medical office space available; Available for lease January 1, 2025; Existing build‑out includes exam rooms with plumbing
More about this property
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