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Property profile & analytics
OFF-MARKET
Retail space

22 Main St Carmel, IN 46032-1764

1,500 SF 0.04 ac lot Built 1920
Individually Owned Free & Clear
Property ID
US31-0844646
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction WOOD
Total area 1,500 SF
Lot 0.04 ac (1,650 SF)
APN 29-09-25-122-022.000-018
UPID US31-0844646
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
Current use
Occupant on record · Public records
  • Carmel Music Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
DAVID E RENNARD
DAVID E RENNARD
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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