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    12045 Illinois St Carmel, IN 46032-3004
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    Property profile & analytics

    12045 Illinois St, Carmel, IN 46032-3004

    View on Map
    • Hotels
    • 56,170 SF
    • 1.89 lot acres
    Off-Market
    Property ID
    US31-2853357
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,205,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hyatt Place Indianapolis Carmel / Hotel & Motel

    Property Details for 12045 Illinois St

    Year built
    2019
    Construction
    WOOD
    Lot size
    1.89 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    29-09-35-000-004.000-018
    APU
    290935000004000018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 15, 2018 — Sohum Hotels Carmel LLC — Grant Deed · related $12M · Teachers FCU
    Jun 1, 2016 $750,000 Sohum Hotels Carmel LLC Kaiser H & E Living Trust Grant Deed · related —
    Oct 17, 2005 — Kaiser,harold L & E H Trust Kaiser,ermina H Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,005,000
      6.5%
      $4,620,000
      7%
      $4,290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,788,000
      Market price range: $972k - $10.1M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,805,000
      Current use
      AUTO REPAIR, GARAGE
      $6,525,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $5,865,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1592
    Latitude
    39.9637
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $86,646
    $756,000
    $3,538,200
    $4,294,200
    -
    $756,000
    $3,538,200
    $4,294,200

    Comparable in this City

    • Value Estimation
      $9,795,000
      113,928 SF

      1 Carmichael Sq

      HOTEL/MOTEL
      1 Carmichael Sq, Carmel, IN 46032-3360
      View Details
    • Value Estimation
      $5,920,000
      62,055 SF

      25 Brickyard Ln

      HOTEL/MOTEL
      25 Brickyard Ln, Carmel, IN 46032-0059
      View Details
    • Value Estimation by Request
      2,658 SF

      15 Executive Dr, Unit 105

      HOTEL/MOTEL
      15 Executive Dr, Carmel, IN 46032-0053
      View Details
    • Value Estimation
      $4,715,000
      58,061 SF

      1335 Main St

      HOTEL/MOTEL
      1335 Main St, Carmel, IN 46032-1439
      View Details
    • Value Estimation
      $14,895,000
      189,622 SF

      11925 Meridian St

      HOTEL/MOTEL
      11925 Meridian St, Carmel, IN 46032-4545
      View Details
    • Value Estimation
      $820,000
      7,913 SF

      3030 116th St

      HOTEL/MOTEL
      3030 116th St, Carmel, IN 46032-9563
      View Details

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      Carmel Land For Sale

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      Carmel Residential Lot Ready to Build

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    Similar Nearby for Lease

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      10,488 SF

      Curley Building: Prime Retail/Industrial Site

      10,488 SF, 3.6 Acres, High Traffic
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      Class A Building For Rent

      Single-story Class A building near dining and retail amenities.
      12220 N Meridian St, Carmel, IN 46032
      View Details
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      Carmel Office Space For Rent

      Office building with walkable amenities and nearby infrastructure.
      11590 N Meridian St, Carmel, IN 46032
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      Carmel Office Sublease Opportunity

      Sublease opportunity with valet parking near Ascension St. Vincent.
      13450 N Meridian St, Carmel, IN 46032
      View Details
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      Mixed-Use Development Along Monon Greenway

      Transformative mixed-use development with retail, apartments, and condominiums.
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      View Details
    • Contact for pricing

      Office Space Sublease Opportunity

      Full 3rd floor office space available for sublease.
      11555 North Meridian St, Carmel, IN 46032
      View Details

    Property Visit Statistics

    • Visits by month
      6.1k
    • Visitors by month
      3.1k
    • Avg Time on site
      505 min
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    Carmel, IN 46032-3004
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