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Design-Ready Flex Space Suite
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481 Gradle Drive, Carmel, IN 46032

Adaptable commercial suite near US-31 with access to I-465 and support for office, retail, showroom, or service uses.

Space Size6,075 SF
Property Size31,448 SF
Days on Market129

Property Features for 481 Gradle Drive

General Information

Standard status Active
Size 6,075 SF
Net Rentable 6,075 SF
Class A
Property subtype Retail, Office, Special Purpose
Lease Type NNN

Space & Availability

Available Space 6,075 SF
Contiguous Space 6,075 SF
Space Use Office

Additional Details

Highway Access Yes

Building Details

Building Size 31,448 SF
Year Built 1984
Tenancy Multiple

Spaces For Lease

at 481 Gradle Drive Contact us

SUITE 481

Size
6,075 SF
Type
Office, Retail, Special Purpose
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: BrightPoint Real Estate
Listed By: Evan Kroot · License #IN RB20001173
Source: Crexi
Added: Apr 28 Changed: Sep 2 Last Checked: Sep 1 at 8:32PM

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 BrightPoint Real Estate

Investment Insights

Based on property information with market context.

Suite 481 at 481 Gradle Drive provides 6,075 square feet of open, adaptable commercial space in a building completed in 1984. The interior is positioned for tenant customization and can accommodate office, co-working, retail, showroom, or service-oriented operations. Its flexible layout supports businesses that need room to shape the space around their operating model.

The property is located just off US-31 in Carmel, with access to I-465 and surrounding commercial activity. New ownership is undertaking a full exterior refresh and updating the building identity, creating a more current presentation for the suite and property.

Key Highlights

  • 6,075‑square‑foot flexible commercial suite
  • Open, design‑ready interior suited to tenant customization
  • Supports office, co‑working, retail, showroom, and service‑oriented uses

Property Analytics

Current Use

Pawz Pet Cafe/Cat ... Cat Cafe

Suggested Use

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,918
Businesses Nearby
Well-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

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  • DavAni Armenian BBQ 105 W Carmel Dr, Carmel, IN 46032
  • Treasured Memories 511 Arbor Dr, Carmel, IN 46032

Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial suite near US-31 with access to I-465 and support for office, retail, showroom, or service uses.
Where is this flex space located?
The property is located at 481 Gradle Drive Carmel, IN.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: 6,075‑square‑foot flexible commercial suite; Open, design‑ready interior suited to tenant customization; Supports office, co‑working, retail, showroom, and service‑oriented uses
More about this property
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