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Monon Trail Retail Space
New
For Lease
$25 SF/Yr

254 Veterans Way, Carmel, IN 46032

Retail suite positioned along the Monon Trail near Midtown Plaza, with public parking nearby.

Space Size2,000 SF
Property Size9,708 SF
Days on Market3

Property Features for 254 Veterans Way

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF
Property subtype Retail
Lease Type SF/yr
Lease Term NNN

Space & Availability

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

Building Details

Building Size 9,708 SF
Year Built 1995

Spaces For Lease

at 254 Veterans Way Contact us

Suite E $25/SF/Yr

Size
2,000 SF
Type
Street Retail
Term
Negotiable
Contact us
Listing Agency: Premier Commercial Real Estate Services, Inc.
Listed By: Matt Ferguson · License #RB17000936
Source: Tcnworldwide
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 10 at 3:45AM

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.

Investment Insights

Based on property information with market context.

This 2,000 SF retail suite is available for lease within a commercial property built in 1995. The space previously operated as a bike store and offers a storefront-oriented setting suited to a customer-facing business.

The suite is located along the Monon Trail beside Midtown Plaza, with nearby destinations including Sun King and Java House. The surrounding setting experiences pedestrian, bicycle, and event-related activity, while public parking is available nearby. The property is at 254 Veterans Way in Carmel, Indiana.

Key Highlights

  • 2,000 SF retail suite available for lease
  • Positioned directly along the Monon Trail
  • Adjacent to Midtown Plaza, Sun King, and Java House

Property Analytics

Current Use

Pedego Electric Bikes ... (Bike/Boat/Book/etc) Store Carmel Theatre Company Cinema The Cat Theater & Performing Art Venue Wine & Rind Restaurant The Art Lab at The Cat Theater & Performing Art Venue

Suggested Use

Top Pick Garden Center Storage Facility Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Auto Parts 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail suite positioned along the Monon Trail near Midtown Plaza, with public parking nearby.
Where is this retail space located?
The property is located at 254 Veterans Way 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 suite available for lease; Positioned directly along the Monon Trail; Adjacent to Midtown Plaza, Sun King, and Java House
More about this property
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