22 Main St Carmel, IN 46032-1764
This exceptional commercial property, located at 22 W Main St in Carmel, Indiana (46032), presents a unique owner-user opportunity. The building, constructed in 1920, boasts a total of 3,123 square feet across two stories, situated on a 0.03-acre lot (APN: 16-09-25-12-02-022.000). The property is zoned B-2, allowing for a variety of uses. The space is ideally suited for both retail and traditional office uses, offering a versatile layout. The main level encompasses 2,745 square feet, complemented by an additional 378 square feet of finished lower-level space. This single-unit building is classified as Class B. Ample public parking is available in the vicinity, enhancing the property's appeal and accessibility. The asking price for this investment property is $1,500,000. Its prime location within Carmel's Arts & Design District on Main Street ensures high visibility and foot traffic, making it an attractive investment for discerning buyers. The property's blend of historical charm and modern functionality makes it a truly exceptional opportunity.
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Carmel Music Center (Bike/Boat/Book/etc) Store
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
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.