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    2140-2476 116Th St Carmel, IN 46032

    Sponsored
    For Lease
    Contact for pricing

    Prime Carmel retail space, multiple suites available.

    Lot size:
    223,024 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located at 2140-2476 East 116th St in Carmel, Indiana, within the vibrant Merchants' Square. The property offers a total of 223,024 square feet of commercial space, divided into five suites. Currently, there are 10,903 square feet of vacant space available for lease, offering flexible options for businesses of various sizes. Individual suites range from a minimum of 1,030 square feet to a maximum contiguous space of 3,446 square feet, providing ample room for expansion or smaller-scale operations. The property's location in Hamilton County, Indiana, with a zip code of 46032, ensures high visibility and accessibility for customers. This is an ideal location for businesses seeking a thriving retail environment in a desirable Carmel community. The property is categorized as multi-tenant retail space, presenting a unique opportunity for businesses looking to establish a presence in a well-established commercial center. The available space provides a chance to customize and create a unique retail experience. Contact us today to learn more about leasing opportunities and explore the potential of this prime retail location.

    Property Features for 2140-2476 116Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    223,024 SF

    Unit(s) available at that property

    Space
    Suite 2176
    Size
    3,446 SF
    Space
    Suite 2442
    Size
    1,030 SF
    Space
    Suite 2446
    Size
    2,277 SF
    Space
    Suite 2466
    Size
    1,860 SF

    HighLights

    • 223,024 SF multi‑tenant retail space available for lease in Carmel, IN.
    • 10,903 SF of vacant space available, with suites ranging from 1,030 SF to 3,446 SF.
    • Located in Merchants' Square, a high‑traffic area with strong co‑tenancy including Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco, and Dollar Tree.
    • Shadow‑anchored by the first Indiana Harvest Market location.
    • Situated in desirable Carmel, IN (46032) in Hamilton County, offering high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1177645
    Latitude
    39.9585986

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    FAQs

    What type of property is this?
    Retail property - Prime Carmel retail space, multiple suites available.
    Where is this retail property located?
    The property is located at 2140-2476 116Th St Carmel, IN.
    What are key features of this property?
    This property features: 223,024 SF multi-tenant retail space available for lease in Carmel, IN.; 10,903 SF of vacant space available, with suites ranging from 1,030 SF to 3,446 SF.; Located in Merchants' Square, a high-traffic area with strong co-tenancy including Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco, and Dollar Tree.
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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
    2140-2476 116Th St Carmel, IN 46032
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