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    2140-2476 116Th St Carmel, IN 46032

    • Retail properties
    • 223,024 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2140-2476 116Th St

    Property size
    223,024 SF
    Property type
    Retail properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1178
    Latitude
    39.9586

    Comparable in this City

    • Value Estimation by Request
      196,154 SF

      116th St & Spg Ml Rd

      Land • 196,154 SF
      116th St & Spg Ml Rd, Carmel, IN 46032
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    • Value Estimation by Request
      43,648 SF

      1215 Range Line Rd

      Individual retail properties • 43,648 SF
      1215 Range Line Rd, Carmel, IN 46032
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    • Value Estimation by Request
      31,000 SF

      610 Range Line Rd

      Restaurants • 31,000 SF
      610 Range Line Rd, Carmel, IN 46032
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    • Value Estimation by Request
      21,000 SF

      1111 Main St

      Neighborhood centers • 21,000 SF
      1111 Main St, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      0.54 Acres

      140 Main St

      Office Properties & Spaces • 0.54 Acres
      140 Main St, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      14,225 SF

      351 Monon Blvd

      Restaurants • 14,225 SF
      351 Monon Blvd, Carmel, IN 46032
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      223,024 SF

      Merchants' Square Retail Space For Lease

      Prime Carmel retail space, multiple suites available.
      2140-2476 116Th St, Carmel, IN 46032
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      Carmel Retail Center - Prime Location

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      Retail space in high-traffic area with diverse tenant mix.
      271 Merchants Square Dr, Carmel, IN 46032
      View Details
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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
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