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    OFF-MARKET
    Commercial land

    1527 146th St, Carmel, IN 46074-9610

    2.61 ac lot
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US31-3254471
    Property summary
    AI-generated overview

    This exceptional 2.61-acre commercial land parcel presents a unique investment opportunity in Hamilton County. Zoned for mixed-use development under a PUD (Planned Unit Development) designation, this property offers significant flexibility for a variety of commercial ventures. The expansive lot size provides ample space for substantial construction, allowing for the creation of a large-scale project or the development of multiple smaller buildings. The single-tenant designation simplifies the leasing process and minimizes potential management complexities. Given its size and zoning, this property is ideally suited for a range of commercial uses, from retail establishments and restaurants to office spaces and light industrial facilities. Its strategic location within Hamilton County ensures excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving market. The existing infrastructure and utilities in the area further enhance the property's appeal, reducing development costs and timelines. This is a rare opportunity to acquire a sizable, versatile commercial land parcel in a desirable location, offering significant potential for long-term growth and profitability. Serious inquiries are encouraged to explore the possibilities this property presents. The property is currently available for lease. Detailed zoning information and development guidelines are readily available upon request. This prime location offers exceptional potential for a discerning investor or developer.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.61 ac (113,692 SF)
    APN 29-09-16-005-007.000-015
    UPID US31-3254471
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Family Express Corporation · 1 yrs held
    Family Express Corporation
    since 2025
    4 recorded transactions
    2025
    $3.0M
    2025
    2020
    $1.7M
    2017
    $1.7M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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