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Bank Branch with Drive-Thru
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650 E Carmel Dr, Carmel, IN 46032

Bank branch featuring a drive-thru and ATM, with recent HVAC, lighting, and elevator improvements.

Space Size1,602 SF
Property Size48,000 SF
Days on Market1633

Property Features for 650 E Carmel Dr

General Information

Standard status Active
Size 1,602 SF
Class B
Property subtype Office
Lease Type Full Service

Amenities

drive-thru
ATM

Building Details

Building Size 48,000 SF
Tenancy Multiple

Spaces For Lease

at 650 E Carmel Dr Contact us

Suite 280

Size
1,602 SF
Availability
Active
Contact us
Listing Agency: ALO Property Group
Listed By: Ashley Bussell · License #IN RB14045657
Source: Crexi
Added: Mar 26, 2022 Changed: Sep 11 Last Checked: Sep 12 at 4:28AM

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 ALO Property Group

Investment Insights

Based on property information with market context.

This bank branch includes a drive-thru and an ATM, offering a built-in setup for convenient customer access. The property is under new ownership and has undergone a series of capital improvements over the last three years, including HVAC, lighting, and elevator updates.

Located at 650 E Carmel Dr in Carmel, IN, the building is positioned in the heart of the area with many nearby amenities.

For tenants and operators seeking an established banking format with recent building improvements, this space combines functional customer service features with updated building systems and common infrastructure.

Key Highlights

  • Bank branch with drive‑thru and ATM
  • Many capital improvements in the last 3 years, including HVAC, lighting, and elevators
  • New ownership

Property Analytics

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Current Use

Northwest Bank Business ... Bank JB Graphics, Inc. Marketing & Advertising Thrive Mortgage - Carmel IN Loan Service Lawson & Elser Inc Structural Engineer Flight Burger Restaurant

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store Big Box & Wholesale Store Electrical Service Parking Lot & Garage

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
$3.38 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,406
Businesses Nearby
279k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Shops & Services 24% Home Improvements & Furnishings 14% Apparel 8%
World Market Home Improvements & Furnishings
39,340 visits/mo 0.2 miles
McDonald's Dining
35,528 visits/mo 0.1 miles
Goodwill Apparel
19,118 visits/mo 0.1 miles
Taco Bell Dining
18,085 visits/mo 0.1 miles
Starbucks Dining
14,525 visits/mo 0.4 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

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

What type of property is this?
Bank - Bank branch featuring a drive-thru and ATM, with recent HVAC, lighting, and elevator improvements.
Where is this bank located?
The property is located at 650 E Carmel Dr Carmel, IN.
What is the lease rate?
The lease rate is $22.50 SF/Yr.
What are key features of this property?
This property features: Bank branch with drive‑thru and ATM; Many capital improvements in the last 3 years, including HVAC, lighting, and elevators; New ownership
(317) 340-8630 Call to check price and availability
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