9998 Michigan Rd Carmel, IN 46032-9640
- Commercial land
- 2.91 lot acres
Current Use by Public Records
- Panorama / Travel Agency
- Indiana Members Credit Union ATM - No Public Access / Atm
- Wyndham Exchange & Rentals / Corporate Office
- Dial An Exchange / Timeshare Agency
Property Details for 9998 Michigan Rd
- Lot size
- 2.91 lot acres
- Property type
- Commercial land
- APN
- 29-13-07-007-001.000-018
- APU
- 291307007001000018
Description
This exceptional Class A office building presents a significant investment opportunity in the highly desirable West Carmel, Indiana market. The property encompasses a substantial 219,408 square feet across two stories within a single building, situated on a generous 22.1-acre parcel. Built in 1973, the property is zoned for office use and offers ample parking at a ratio of 5 spaces per 1,000 square feet, along with a convenient loading dock. Its prime location at 9998 N Michigan Rd, Carmel, IN 46032, places it at the gateway to Zionsville, benefiting from the combined strengths of these two thriving Indiana communities. The surrounding area is experiencing robust growth, with flourishing retail establishments bordering the property to the north, south, and east, and multiple new multi-family developments nearby. Internal amenities include a first-floor fitness center, full-service cafeteria, extensive conferencing space, and an outdoor patio area. The second floor offers dedicated recreational space. This property offers a unique blend of established infrastructure and significant growth potential within one of Indiana's most sought-after suburban locations. The city of Carmel consistently ranks highly for quality of life, boasting strong job growth, high income levels, excellent schools, low crime, and abundant recreational opportunities. This presents a compelling opportunity for investors seeking a well-located, substantial office property in a dynamic market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carmel
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.2394
- Latitude
- 39.9339
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA