2140-2476 116Th St Carmel, IN 46032
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.