Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    116th St & Spg Ml Rd Carmel, IN 46032

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space, 196,154 sqft.

    Lot size:
    196,154 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Bridges, located at the highly visible intersection of W. 116th Street & Spring Mill Road in Carmel, Indiana, presents a unique opportunity for retail businesses. This multi-tenant commercial property boasts a total building area of 196,154 square feet, situated on a 0.94-acre lot in Hamilton County. Currently, there is 1,582 square feet of vacant space available, ideal for a variety of retail uses. The property's prime location within the thriving Carmel market ensures high visibility and accessibility to a large customer base. The existing building offers ample space for multiple tenants, providing a dynamic and collaborative environment. The property's classification as both retail and land offers flexibility for potential expansion or redevelopment. The zip code is 46032. This is a rare opportunity to secure a prominent retail presence in one of Indiana's most desirable communities. The property's strategic location and substantial size make it an attractive investment for businesses seeking to establish or expand their operations in a high-growth market. The available space presents a chance to capitalize on the strong retail environment in Carmel. Serious inquiries are encouraged.

    Property Features for 116th St & Spg Ml Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    196,154 SF

    Unit(s) available at that property

    Space
    Outparcel Available Space
    Size
    40,946 SF

    HighLights

    • High‑visibility retail space at W. 116th Street & Spring Mill Road, Carmel, IN.
    • 196,154 square foot multi‑tenant building on a 0.94‑acre lot in Hamilton County (zip code 46032).
    • 1,582 square feet of vacant retail space currently available.
    • Prime location in Carmel offers high visibility and accessibility to a large customer base.
    • Property classified as both retail and land, allowing for expansion or redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1646771
    Latitude
    39.9709979

    Nearby Similar for Lease

    • $2,683 /Mo
      20,040 SF

      Updated Office Space in Carmel

      Office space near downtown Carmel with easy highway access.
      252 E Carmel Dr, Carmel, IN 46032
      View Details
    • $1,591 /Mo
      12,150 SF

      Carmel Office Space For Rent

      770 SF office space in Carmel, available now.
      90 Executive Dr, Carmel, IN 46032
      View Details
    • Contact for pricing
      4,348 SF

      Carmel Meridian Corridor Office Space

      Class A office space with modern amenities in Carmel.
      11711 N Meridian St, Carmel, IN 46032
      View Details
    • Contact for pricing
      2,520 SF

      Carmel Meridian Corridor Office Space

      Class A office space with modern amenities in Carmel, Indiana.
      11611 N Meridian St, Carmel, IN 46032
      View Details
    • $19 SF/Yr
      5,931 SF

      Turn-Key Office Solution in Carmel

      Move-in ready office space with U.S. 31 frontage.
      12800 N Meridian St, Carmel, IN 46032
      View Details
    • $650 /Mo
      5,310 SF

      Carmel Office Suites For Rent

      Professional office suites in central Carmel location, near Monon Trail.
      1016 3Rd Ave SW, Carmel, IN 46032
      View Details
    • $19 SF/Yr
      18,138 SF

      Carmel Office Suite For Lease

      Meticulously maintained office suite with pond and trail views.
      695 Pro Med Ln, Carmel, IN 46032
      View Details
    • Contact for pricing
      2,950 SF

      Carmel Retail Space For Rent

      Retail spaces available in Carmel with high visibility.
      12590 N Meridian St, Carmel, IN 46032
      View Details
    • $19 SF/Yr
      1,760 SF

      Furnished Office Space For Rent

      Turnkey, furnished office space with secure access and pond views.
      695 Pro Med Ln, Carmel, IN
      View Details
    • $7 SF/Yr
      6,249 SF

      Carmel Office Space Available

      Flexible workspace solutions in Carmel, IN.
      303 Congressional Blvd, Carmel, IN 46032
      View Details
    • $25 SF/Yr
      13,759 SF

      Renovated Office Space in Carmel

      702 RSF office space in central Carmel location.
      101 East Carmel Dr, Carmel, IN 46032
      View Details
    • Contact for pricing
      31,000 SF

      Monon Square Retail Spaces

      Midtown Carmel retail, restaurant opportunities.
      610 Range Line Rd, Carmel, IN 46032
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic retail space, 196,154 sqft.
    Where is this land located?
    The property is located at 116th St & Spg Ml Rd Carmel, IN.
    What are key features of this property?
    This property features: High-visibility retail space at W. 116th Street & Spring Mill Road, Carmel, IN.; 196,154 square foot multi-tenant building on a 0.94-acre lot in Hamilton County (zip code 46032).; 1,582 square feet of vacant retail space currently available.
    Request Owner's contact information
    116th St & Spg Ml Rd Carmel, IN 46032
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    116th St & Spg Ml Rd
    Carmel, IN 46032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116th St & Spg Ml Rd Carmel, IN 46032
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.