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    1717 116Th St Carmel, IN 46032

    For Lease
    $30 SF/Yr ($18,732 /Mo)

    Modern Office Suites in Prime Carmel Location

    Lot size:
    7,493 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, 7,493 square foot Class B office building, located at 1717 E 116th St in Carmel, Indiana, presents a fantastic opportunity for businesses seeking versatile and well-maintained office space. The Woodland Business Center sits on a 0.52-acre lot and boasts a recent 2023 renovation, ensuring modern amenities and a comfortable work environment. The building is zoned B-5 and features a single building with two stories. Multiple tenancy options are available, with four individual suites ranging from 187 to 299 square feet. This prime location offers easy access to major thoroughfares, providing excellent visibility and convenient commuting for employees and clients. The property's traditional, executive, and creative office subtypes cater to a wide range of business needs. The Hamilton County address (APN: 29-14-06-101-003.000-018) and convenient Carmel, IN 46032 zip code make this an ideal location for businesses seeking a thriving and accessible environment. The building's recent renovation ensures modern infrastructure and a professional image for your business. Contact us today to learn more about the available spaces and lease terms.

    Property Features for 1717 116Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,493 SF
    Class
    B
    Total Rate
    18732.5

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    113
    Size
    187 SF
    Rate per SF
    $38
    Space
    110
    Size
    254 SF
    Rate per SF
    $30
    Space
    103
    Size
    299 SF
    Rate per SF
    $9,600
    Space
    112
    Size
    187 SF
    Rate per SF
    $7,200
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EMI Fundraising Marketing Consultant Pictures to Digital Photo Restoration Service SVN | Northern Commercial Commercial Real Estate Agency NAIFA-Indiana Non-Profit Organization Indy Pocket Pass Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1254217
    Latitude
    39.9562703

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    FAQs

    What type of property is this?
    Office space - Modern Office Suites in Prime Carmel Location
    Where is this office space located?
    The property is located at 1717 116Th St Carmel, IN.
    What is the lease rate?
    The lease rate is $30-$9,600 SF/Yr.
    Request Owner's contact information
    1717 116Th St Carmel, IN 46032
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    Carmel, IN 46032
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    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
    1717 116Th St Carmel, IN 46032
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