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    146th St & Community Dr Carmel, IN 46033

    Sponsored
    For Sale
    Contact for pricing

    1.7-acre commercial land, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional 1.7-acre commercial land parcel ideally situated in Carmel, Indiana's thriving LEO at Carmel development. This PUD-zoned property boasts a prime location at the signalized intersection of E 146th Street and Community Drive, experiencing high daily traffic volume of 25,750 vehicles. The site is part of the larger Legacy of Carmel, a 400-acre master-planned mixed-use district, ensuring strong surrounding demographics and consistent consumer traffic. Within a one-mile radius, there are 2,235 households with an average household income of $148,321, providing a robust consumer base for retail businesses. This opportunity includes the potential for retail outlots, with one acre already under contract with a national coffee chain, demonstrating strong market demand. Additionally, 5,828 square feet of ground floor retail condos are also available, presenting further development possibilities. The property's APN is 29-10-23-000-001.003-018. This is a unique chance to establish a presence in a rapidly growing area with significant residential and commercial development. The surrounding LEO at Carmel development comprises 350 units, including 230 single-family attached and detached homes and 120 garden-style apartments, further solidifying the area's potential for retail success.

    Property Features for 146th St & Community Dr

    General Information

    Property type
    Land
    Lot Size
    74,052 SF

    HighLights

    • 1.7‑acre commercial land parcel available for retail development in Carmel, Indiana.
    • Located within the Legacy of Carmel, a 400‑acre master‑planned mixed‑use district, adjacent to a 350‑unit residential development.
    • High traffic location with 25,750 vehicles per day on 146th Street and a signalized intersection at 146th Street and Community Drive.
    • One acre under contract with a national coffee chain.
    • Strong demographics: 2,235 households within a 1‑mile radius, with an average household income of $148,321.
    • Additional 5,828 square feet of ground floor retail condos also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.044959056942
    Latitude
    40.000167910284

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    FAQs

    What type of property is this?
    Land - 1.7-acre commercial land, high traffic
    Where is this land located?
    The property is located at 146th St & Community Dr Carmel, IN.
    What are key features of this property?
    This property features: 1.7-acre commercial land parcel available for retail development in Carmel, Indiana.; Located within the Legacy of Carmel, a 400-acre master-planned mixed-use district, adjacent to a 350-unit residential development.; High traffic location with 25,750 vehicles per day on 146th Street and a signalized intersection at 146th Street and Community Drive.
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    146th St & Community Dr Carmel, IN 46033
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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

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    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
    146th St & Community Dr Carmel, IN 46033
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