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    1037 Range Line Rd Carmel, IN 46032

    Sponsored
    For Sale
    Contact for pricing

    Prime Redevelopment Site in Carmel, IN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.15-acre commercial land parcel presents a unique redevelopment opportunity in the heart of Carmel, Indiana. Located at 1037 S Rangeline Rd, this property boasts a highly visible corner location, spanning an entire city block. The site offers remarkable views and benefits from excellent elevation. Its strategic position across from the expanded police station and courthouse, Civic Square Parking Garage, City Center, Japanese Garden, Monon Trail, Farmer's Market, and Palladium ensures unparalleled access to amenities and high foot traffic. A pedestrian multi-use path and raised crosswalk enhance accessibility. Over 1,000 public parking spaces are within walking distance, providing ample convenience for future development. The property consists of five parcels (APN: 29-10-31-107-018.000-018) and is ideally suited for a high-density development project, potentially benefiting from Tax Increment Financing (TIF). Existing income streams are in place, making this a compelling investment opportunity with significant potential for a new headquarters or mixed-use development. This is one of the most prominent locations in Carmel, offering exceptional visibility and accessibility.

    Property Features for 1037 Range Line Rd

    General Information

    Property type
    Land
    Lot Size
    137,214 SF

    HighLights

    • Prime Carmel location with high visibility.
    • 3.15± acre site comprised of five parcels, offering excellent access.
    • Existing income stream supports redevelopment potential.
    • Elevated site with stunning views.
    • Direct access to pedestrian path and raised crosswalk.
    • Over 1,000 public parking spaces nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1262172
    Latitude
    39.9656704

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    FAQs

    What type of property is this?
    Land - Prime Redevelopment Site in Carmel, IN
    Where is this land located?
    The property is located at 1037 Range Line Rd Carmel, IN.
    What are key features of this property?
    This property features: Prime Carmel location with high visibility.; 3.15± acre site comprised of five parcels, offering excellent access.; Existing income stream supports redevelopment potential.
    (317) 663-6093
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    1037 Range Line Rd 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
    1037 Range Line Rd Carmel, IN 46032
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