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Medical Office Space in Carmel
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1120 AAA Way, Carmel, IN 46032

Well-maintained medical office with operating rooms and ample parking.

Space Size5,321 SF
Days on Market729

Property Features for 1120 AAA Way

General Information

Standard status Active
Size 5,321 SF
Property subtype Office

Building Details

Tenancy Single

Spaces For Lease

at 1120 AAA Way Contact us

Available Space

Size
5,321 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Colliers - Indianapolis, Indiana
Listed By: Aaron Snoddy · License #IN RB16000890
Source: Crexi
Added: Sep 3, 2024 Changed: Aug 24 Last Checked: Aug 31 at 8:21AM

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 Colliers - Indianapolis, Indiana

Investment Insights

Based on property information with market context.

This property features a ± 5,321 square foot building suitable for medical office use. It includes two certified operating rooms, one of which has lead-lined walls. Plumbing is installed in all the exam rooms. The property is well-maintained and offers a shared outdoor patio space. Ample parking is available with 43 spaces, providing an above-market parking ratio of 8.1 per 1,000 square feet. The property is situated within Carmel’s Downtown East, surrounded by numerous restaurants, retail options, banking facilities, hotels, gas stations, and other amenities.

Key Highlights

  • Two certified operating rooms, one with lead‑lined walls.
  • Above‑market parking ratio (8.1 per 1,000 SF) with 43 spaces.
  • ± 5,321 SF building in Carmel’s Downtown East.

Property Analytics

Current Use

Digestive Health Center Medical Clinic Ameri Path Digestive ... Medical Clinic Daniel Stout Physician

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store Electrical Service Parking Lot & Garage Discount 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

Location Intelligence

Trade Area within ½ mile

1,657
Businesses Nearby
Balanced
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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Well-maintained medical office with operating rooms and ample parking.
Where is this medical office space located?
The property is located at 1120 AAA Way Carmel, IN.
What are key features of this property?
This property features: Two certified operating rooms, one with lead‑lined walls.; Above‑market parking ratio (8.1 per 1,000 SF) with 43 spaces.; ± 5,321 SF building in Carmel’s Downtown East.
(317) 713-2172 Call to check price and availability
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