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    1016 3Rd Ave SW Carmel, IN 46032

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    For Lease
    $650 /Mo ($1.47 SF/Yr)

    Professional office suites in central Carmel location, near Monon Trail.

    Property size:
    5,310 SF
    Lot size:
    5,310 SF

    Property Features for 1016 3Rd Ave SW

    General Information

    Size
    5,310 SF

    Building Details

    Year built
    1972

    Source: Jess Lawhead, CCIM Agent Jess Lawhead, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Carmel Office Suites For Rent

    Available office suites are located within a two-story professional building. The suites offer efficient layouts suitable for small businesses or satellite teams. Each suite includes private entrances and access to shared restrooms and surface parking. The property features modern office finishes, central HVAC, and 24/7 building access. Suite sizes vary and may include a mix of open work areas and private offices. New carpet and paint have been installed in suites, and common areas are currently being updated. There are 25 surface parking spaces on-site. Suites start at approximately 125 square feet. The property is located just west of the Monon Trail and Main Street in the Carmel Arts & Design District, offering quick access to downtown Carmel amenities and nearby residential neighborhoods. It is situated within minutes of U.S. 31, providing direct routes to Indianapolis and surrounding suburbs. The site benefits from a walkable environment with restaurants, retail, and public parking options nearby. Secured access is provided to individually demised suites, making the property suitable for professional services, creatives, or small businesses.
    Location Intelligence

    Current Use by Public Records

    Roland International Co Manufacturer CTI Construction, LLC General Contractor Cassis Design Marketing Agency A Fresh Start Family ... Social Services Organization Legacy Builders Custom Home Builder

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1313933
    Latitude
    39.9660312

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    FAQs

    What type of property is this?
    Office space - Professional office suites in central Carmel location, near Monon Trail.
    Where is this office space located?
    The property is located at 1016 3Rd Ave SW Carmel, IN.
    What is the lease rate?
    The lease rate is $1.47 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in central Carmel, near the Arts & Design District, Monon Trail, and Main Street amenities.; - Quick access to U.S. 31, providing direct routes to Indianapolis and surrounding suburbs.; - Suites suitable for professional services, creatives, or small businesses, with sizes starting at ±125 SF.
    (317) 447-4403
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    1016 3Rd Ave SW Carmel, IN 46032
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    Carmel, IN 46032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1016 3Rd Ave SW Carmel, IN 46032
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