Wellness Center with On-Site
2000 E 116th ST Carmel, IN 46032
2000 E 116th ST, Carmel, IN, 46032
Contact for pricing
For Sale
Contact for pricing
Well-known wellness center anchored by Winslow Facial Plastic Surgery with an on-site surgical center.
Property Size26,662 SF
Lot Size3.11 Acres
Price / SF$176.28
Days on Market56
Property Features for 2000 E 116th ST
General Information
- Standard status
- Active
- Size
- 26,662 SF
- Lot size
- 3.11 Acres
- Property subtype
- OFFICE
Listing agency
Cushman & Wakefield | Indianapolis
(317) 634-6363
Listed by
Rebecca Wells · License #RB14043265
Source
Moodyscre
Added: May 27 Updated: Jul 21 at 1:54PM Checked: Jul 21 at 1:54PM
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 Cushman & Wakefield | Indianapolis
Investment Insights
Based on property information with market context.
This for-sale wellness center is anchored by Winslow Facial Plastic Surgery and includes an on-site surgical center. With 26,662 square feet on approximately 3.11 acres, the property offers flexibility for a new owner-user to take over part or all of Winslow’s space.
The property sits at 2000 E 116th St in Carmel, with prime exposure at the intersection of 116th Street and AAA Way. The site is expected to benefit from a planned roundabout and streetscape upgrades, and it is minutes from I-465 for regional connectivity.
Average tenancy in the building exceeds 9 years, supporting a long-term, stable tenant base. The center is located in Carmel’s commercial core, shadow anchored by Merchants’ Square, including Niemann Harvest Market and Flix Brewhouse.
The property sits at 2000 E 116th St in Carmel, with prime exposure at the intersection of 116th Street and AAA Way. The site is expected to benefit from a planned roundabout and streetscape upgrades, and it is minutes from I-465 for regional connectivity.
Average tenancy in the building exceeds 9 years, supporting a long-term, stable tenant base. The center is located in Carmel’s commercial core, shadow anchored by Merchants’ Square, including Niemann Harvest Market and Flix Brewhouse.
Key Highlights
- Well‑known wellness center anchored by Winslow Facial Plastic Surgery with an on‑site surgical center
- New owner‑user option: availability for a new owner to take over part or all of Winslow’s space
- Average tenancy in the building exceeds 9 years, indicating a long‑term, stable tenant base
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $639.9k | $24.00 |
| − Vacancy | −$76.8k | −$2.88 |
| EGI | $563.1k | $21.12 |
| − OpEx | −$225.2k | −$8.45 |
| NOI | $337.9k | $12.67 |
26,662 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.83M
$4.22M – $5.63M
NOI $337,861 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.99M
$6.12M – $8.16M
NOI $489,514 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cole Susan
Dental Office
Hillier John a DDS
Dental Office
Lash Out!, LLC
Hair Salon
Jennifer Whirley-Diaz
Physician
Daylight Bodyworks
Spa & Massage Center
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Well-known wellness center anchored by Winslow Facial Plastic Surgery with an on-site surgical center.
Where is this medical center located?
The property is located at 2000 E 116th ST Carmel, IN.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Well‑known wellness center anchored by Winslow Facial Plastic Surgery with an on‑site surgical center; New owner‑user option: availability for a new owner to take over part or all of Winslow’s space; Average tenancy in the building exceeds 9 years, indicating a long‑term, stable tenant base
