0 Appain Ct Carmel, IN 46033
Exceptional investment opportunity in three Class A retail condos located within the LEO at Carmel development, slated for completion in Fall 2026. These storefronts, ranging from 1,631 to 2,397 square feet, are situated at a high-traffic signalized intersection of 146th Street and Community Drive, experiencing 25,750 vehicles daily. The property boasts a strong demographic profile, with 2,235 households within a one-mile radius and an average household income of $148,321. This location benefits from its placement within the larger 400-acre Legacy of Carmel master-planned mixed-use district, a thriving community with 350 residential units (230 single-family and 120 garden-style apartments). The total ground floor retail space available is 5,828 square feet. The property is zoned PUD (Planned Unit Development) and has an APN of 29-10-23-000-001.003-018. This presents a unique opportunity to establish a retail presence in a rapidly growing area with high visibility and strong purchasing power. Additional retail outlots are also available. The address is 0 Appain Ct, Carmel, IN 46033.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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