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Retail Space Along Monon Trail

254 SW 1st Ave SW AV, Carmel, IN 46032

For Lease
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Open retail premises positioned beside Midtown Plaza with nearby public parking and trail-oriented activity.

Space Size2,000 SF
Days on Market95

Property Features for 254 SW 1st Ave SW AV

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF
Property subtype RETAIL
Lease Type NNN

Space & Availability

Available Space 2,000 SF
Contiguous Space 2,000 SF

Spaces For Lease

at 254 SW 1st Ave SW AV
254 Veterans Way $25/SF/Yr
Floor 1
Size 2,000 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Rare 2,000 SF space for lease - Previous Pedego Bike Store - Sits directly on the Monon Trail & adjacent to Midtown Plaza (Sun King, Java House, etc.) - Strong pedestrian, bicycle, and event-driven activity - Plenty of public parking nearby - Completely surrounded by amenities
Contact us
Listing Agency: Premier Commercial Real Estate Services, Inc.
Listed By: Matt Ferguson · License #IN RB17000936
Source: Moodyscre
Added: Aug 7 Changed: Oct 26 Last Checked: Nov 8 at 6:23AM

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 Premier Commercial Real Estate Services, Inc.

Rey
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Investment Insights

Based on property information with market context.

This 2,000-square-foot retail space is positioned directly on the Monon Trail in Carmel. The premises previously operated as a Pedego Bike Store, providing a documented retail use history for the space.

The property is adjacent to Midtown Plaza, with Sun King and Java House among the nearby businesses identified in the listing information. The setting supports pedestrian, bicycle, and event-related activity, while public parking is available nearby.

Key Highlights

  • 2,000 SF retail space available directly on the Monon Trail
  • Adjacent to Midtown Plaza, including Sun King and Java House
  • Previously operated as a Pedego Bike Store

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Electrical Service Discount Store

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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,500
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 72% Dining 28%
Circle K Shops & Services
11,695 visits/mo 0.3 miles
Cancun Mexican Restaurant Dining
2,925 visits/mo 0.2 miles
Tires Plus Shops & Services
1,443 visits/mo 0.2 miles
Pad Thai Dining
1,169 visits/mo 0.1 miles
Rita's Italian Ice Dining
1,016 visits/mo 0.1 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

Properties on Market for Retail space in Carmel

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Open retail premises positioned beside Midtown Plaza with nearby public parking and trail-oriented activity.
Where is this retail space located?
The property is located at 254 SW 1st Ave SW AV Carmel, IN.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 2,000 SF retail space available directly on the Monon Trail; Adjacent to Midtown Plaza, including Sun King and Java House; Previously operated as a Pedego Bike Store
(317) 679-4046 Call to check price and availability
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