10570 Michigan Rd Carmel, IN 46032-9685
This exceptional Class A retail property, a former bank branch, offers 3,577 square feet on a 1.27-acre lot in Hamilton County. Available for lease in early 2025, this single-tenant space boasts excellent visibility and accessibility at the intersection of Michigan Road and 106th Street, benefiting from a combined 43,000 vehicles per day. The property is situated within a thriving retail banking corridor, showcasing over $850 million in annual deposits from nearby branches along Michigan Road. This location is in West Carmel, the fastest-growing suburb of Indianapolis, presenting a unique opportunity for businesses seeking high visibility and access to a substantial customer base. The building's ample square footage and prominent location make it ideal for a variety of retail uses. The substantial land area provides ample parking and potential for future expansion. This is a rare opportunity to secure a prime retail space in a high-growth area with exceptional traffic counts and strong financial indicators. The property's former use as a bank suggests a strong foundation and existing infrastructure suitable for various retail adaptations. Don't miss this chance to establish your business in a premier West Carmel location.
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PNC Bank Bank Loan Service
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PNC Mortgage Loan Service Bank
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PNC ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.