Shadow-Grocery Anchored Retail
For Sale
Contact for pricing
2140-2208 E 116th St, Carmel, IN 46032
Grocery-anchored retail center prominently positioned at a busy Carmel intersection with multiple recently executed leases.
Property Size233,727 SF
Days on Market185
Property Features for 2140-2208 E 116th St
General Information
Standard status
Active
Size
233,727 SF
Property subtype
RETAIL
Additional Details
Traffic Count
71,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
JLL - Corporate
(312) 782-5800
Listed By:
Michael Nieder
(312) 300-7300
Source:
Moodyscre
Added: Mar 12
Changed: Sep 5
Last Checked: Sep 11 at 9:52AM
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 JLL - Corporate
Investment Insights
Based on property information with market context.
This shopping center totals approximately 233,727 square feet and is anchored by a grocery tenant. Leasing activity includes 10 leases signed since 2023 totaling about 40,095 square feet, representing 17% of total GLA. Public remarks also cite 2.5M+ annual visitors, with an additional 500k visitors attributed since the Harvest Market opening.
Located at 2140-2208 E 116th St in Carmel, Indiana, the center is prominently positioned at the intersection of Keystone Pkwy and E 116th Street, described as one of Carmel’s busiest intersections with approximately 71,000 VPD. The City of Carmel is also reported to have a 1% retail vacancy.
The property’s surroundings are described as a dynamic growth market, including over 20% population growth in the 5-mile radius since 2010 and more than 4,000 housing units in the Carmel development pipeline.
Located at 2140-2208 E 116th St in Carmel, Indiana, the center is prominently positioned at the intersection of Keystone Pkwy and E 116th Street, described as one of Carmel’s busiest intersections with approximately 71,000 VPD. The City of Carmel is also reported to have a 1% retail vacancy.
The property’s surroundings are described as a dynamic growth market, including over 20% population growth in the 5-mile radius since 2010 and more than 4,000 housing units in the Carmel development pipeline.
Key Highlights
- Shadow‑grocery anchored retail center with 40,095 SF across 10 leases signed since 2023 (17% of total GLA)
- 2.5M+ annual visitors, with an additional 500k generated since Harvest Market opening
- Highly visible location at Keystone Pkwy & E 116th Street, one of Carmel’s busiest intersections (~71,000 VPD)
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
71,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,554
Businesses Nearby
448k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 30%
Groceries 18%
Home Improvements & Furnishings 9%
Kroger
Groceries
58,141 visits/mo
0.5 miles
World Market
Home Improvements & Furnishings
39,340 visits/mo
0.2 miles
McDonald's
Dining
35,528 visits/mo
0.4 miles
Speedway
Shops & Services
22,166 visits/mo
0.4 miles
Goodwill
Apparel
19,118 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Merchants Pointe — 2271 Pointe Pkwy, Carmel, IN 46032
- BMV Connect Center — 271 Merchants Square Dr #2992, Carmel, IN 46032
- Merchants' Square — 2140 E 116th St, Carmel, IN 46032
- One East Carmel Drive — 1 E Carmel Dr, Carmel, IN 46032
- Carmel Walk Shopping Center — 1319 S Rangeline Rd, Carmel, IN 46032
Frequently Asked Questions
What type of property is this?
Shopping center - Grocery-anchored retail center prominently positioned at a busy Carmel intersection with multiple recently executed leases.
Where is this shopping center located?
The property is located at 2140-2208 E 116th St Carmel, IN.
What are key features of this property?
This property features: Shadow‑grocery anchored retail center with 40,095 SF across 10 leases signed since 2023 (17% of total GLA); 2.5M+ annual visitors, with an additional 500k generated since Harvest Market opening; Highly visible location at Keystone Pkwy & E 116th Street, one of Carmel’s busiest intersections (~71,000 VPD)
