140 Main St Carmel, IN 46032
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.
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.