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Property profile & analytics
OFF-MARKET
Neighborhood centers

12460 Meridian St Carmel, IN 46032

17,895 SF Built 1987
Property ID
Property summary
AI-generated overview

Invest in this exceptional 17,895 square foot retail strip center, ideally situated in Hamilton County, Indiana. The property, built in 1987, boasts a single story design and is zoned B2. Currently, there are three available spaces, offering flexible options ranging from 1,200 to 7,645 contiguous square feet, with a total of 6,159 square feet currently vacant. This presents a unique opportunity for businesses seeking high visibility and strong foot traffic. The center enjoys a prominent location on Meridian Street, experiencing a daily traffic count of 46,404 vehicles. Its strategic placement between IU North Hospital and St. Vincent Carmel Hospital, with over 1,000 hospital beds nearby, and the presence of over 2,000 hotel rooms to the north, ensures a substantial customer base. Furthermore, the property benefits from its proximity to more than 6 million square feet of office space within a 3-mile radius and is adjacent to a Platform 24 coworking center. Existing tenants include Amber Indian Restaurant and La Hacienda, providing established synergy and a thriving retail environment. The property's APN is 29-09-26-008-016.101-018. This is a rare opportunity to secure prime retail space in a high-growth area with excellent visibility and strong demographics. Specific available spaces include approximately 1,200, 2,950, and 3,209 square feet.

Property profile
Verified
Property type Neighborhood centers
Year built 1987
Total area 17,895 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • USPS Drop Box Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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