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    Property profile & analytics

    140 Main St Carmel, IN 46032

    • Commercial real estate
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0548984
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 140 Main St

    Year built
    1927
    Lot size
    0.54 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 140 E. Main Street in Carmel, Indiana, presents a unique investment opportunity. Situated in the vibrant Carmel Arts & Design District, this two-story building offers 3,402 square feet of versatile space, perfect for a single tenant. Built in 1927, the property comprises two buildings on a 0.54-acre lot and features 28 on-site parking spaces, a significant advantage in this desirable location. The B-1 zoning allows for a wide range of office and retail uses, providing flexibility for potential occupants. The property's address is 140 E Main St, Carmel, IN 46032, and its Hamilton County APN is 29-10-30-905-016.000-018. Its central location offers easy access to numerous amenities, making it highly attractive to businesses and employees alike. The walkability of the area and the abundance of nearby attractions further enhance the property's appeal. This is a rare chance to acquire a well-situated, established property in the heart of Carmel's thriving Arts & Design District. The property's size, parking, and zoning make it an ideal choice for a variety of businesses seeking a prominent presence in this sought-after area.

    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
    -86.1247058
    Latitude
    39.9787565

    Comparable in this City

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      Prime location for bank, restaurant, or retail in Carmel.
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      Auburn Woods Executive Suites

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      Carmel Office Space Available

      Flexible workspace solutions in Carmel, IN.
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    Similar Nearby for Sale

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      Downtown Carmel Office/Retail Gem

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    • $400,000
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      Carmel Land Ready For Development

      Carmel property designated for commercial development, sold as commercial.
      3744 W 97Th St, Carmel, IN 46032
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    • $11,000,000
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      Two-Building Office Portfolio in Carmel

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    Similar Nearby for Lease

    • Contact for pricing
      137,345 SF

      Carmel Redevelopment Land - 1.5 Acres

      Prime Carmel location, redevelopment opportunity.
      1021 Range Line Rd, Carmel, IN 46032
      View Details
    • $30 SF/Yr
      4,752 SF

      Downtown Carmel Medical Office Space

      Prime Medical Office: 2,376 SF Available
      30 1St St, Carmel, IN 46032
      View Details
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      8,640 SF

      Carmel Retail/Restaurant/Bank Space Available

      Prime location for bank, restaurant, or retail in Carmel.
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      View Details
    • $1,591 /Mo
      12,150 SF

      Carmel Office Space For Rent

      Office space available in Carmel with park-like setting.
      90 Executive Dr, Carmel, IN 46032
      View Details
    • $8 SF/Yr
      55,708 SF

      Auburn Woods Executive Suites

      Carmel, IN Office Space Available
      9640-9650 Commerce Dr, Carmel, IN 46032
      View Details
    • $7 SF/Yr
      6,249 SF

      Carmel Office Space Available

      Flexible workspace solutions in Carmel, IN.
      303 Congressional Blvd, Carmel, IN 46032
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      445
    • Avg Time on site
      34 min
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    140 Main St
    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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