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    271 Merchants Square Dr Carmel, IN 46032

    For Lease
    Contact for pricing

    Retail space in high-traffic area with diverse tenant mix.

    Property size:
    1,728 SF
    Lot size:
    2.93 Acres

    Property Features for 271 Merchants Square Dr

    General Information

    Size
    1,728 SF
    Lot size
    2.93 Acres

    Source: Big V Property Group Agent Caroline Horne

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

    Overview

    Retail Space in Merchants’ Square

    Located in a high-volume traffic district, this retail space is situated within Merchants’ Square. The center features a diverse tenant mix, including Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco, and Dollar Tree. The property will also benefit from being shadow-anchored by the first Indiana location for Illinois-based Harvest Market. The available space measures 1728 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Little Gym of Carmel Gymnastics Center Carmel BMV Branch Department Of Motor Vehicles Premier Martial Arts ... Martial Arts School Goldfish Swim School ... Swimming School BMV Connect Center Department Of Motor Vehicles

    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.

    Similar Places Nearby

    One East Carmel Drive, Merchants' Square, Carmel Walk Shopping Center, Merchants Pointe, BMV Connect Center

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1193778
    Latitude
    39.9588662

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    FAQs

    What type of property is this?
    Shopping center - Retail space in high-traffic area with diverse tenant mix.
    Where is this shopping center located?
    The property is located at 271 Merchants Square Dr Carmel, IN.
    What are key features of this property?
    This property features: - High-volume traffic location ensures excellent visibility and accessibility.; - Diverse tenant mix including Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco, and Dollar Tree.; - Shadow-anchored by the first Indiana location of Harvest Market.
    (704) 651-0757
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    271 Merchants Square Dr 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
    271 Merchants Square Dr Carmel, IN 46032
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