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    105 Carmel Dr Carmel, IN 46032

    For Sale
    Contact for pricing

    Prime 3.6-Acre Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.6-acre commercial lot, located at 105 W Carmel Dr in Carmel, Indiana, presents a unique development opportunity in the heart of Downtown Carmel. Zoned I-1, this property (APN 29-09-36-402-003.000-018) offers significant potential for a variety of commercial ventures. Its prime location in Hamilton County, within the 46032 zip code, provides easy access to Carmel's thriving business district, abundant amenities, and strong residential population. The expansive lot size allows for substantial development, catering to a wide range of project scales and visions. This is a rare chance to acquire a significant parcel in one of Indiana's most sought-after locations, offering unparalleled potential for long-term growth and investment returns. The property's central location within Downtown Carmel ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in this dynamic community. Interested parties are encouraged to explore the possibilities this exceptional property offers. Detailed information regarding pricing and development specifics is available upon request. This is an exceptional opportunity to shape the future of Downtown Carmel.

    Property Features for 105 Carmel Dr

    General Information

    Property type
    Land
    Lot Size
    156,816 SF

    HighLights

    • 3.6‑acre commercial land parcel in Downtown Carmel, Indiana.
    • Located at 105 W Carmel Dr, Carmel, IN 46032.
    • I‑1 Zoning.
    • APN: 29‑09‑36‑402‑003.000‑018.
    • Prime development opportunity in a highly desirable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DavAni Armenian BBQ Caterer

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -86.128397349557
    Latitude
    39.961339765829

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    FAQs

    What type of property is this?
    Land - Prime 3.6-Acre Commercial Lot
    Where is this land located?
    The property is located at 105 Carmel Dr Carmel, IN.
    What are key features of this property?
    This property features: 3.6-acre commercial land parcel in Downtown Carmel, Indiana.; Located at 105 W Carmel Dr, Carmel, IN 46032.; I-1 Zoning.
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    105 Carmel Dr Carmel, IN 46032
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    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
    105 Carmel Dr Carmel, IN 46032
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