890 116th St Carmel, IN 46032-3475

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Property lookup
Strip malls
IN
Carmel
46032
890 116th St

Property profile & analytics

890 116th St, Carmel, IN 46032-3475

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Strip malls
22,510 SF
2.27 lot acres

Off-Market

Last Sale Apr 29, 2025

$12,050,000

Property ID

US31-2044817

Value Estimations

$11,550,000

Show details

Cap Rate Potential

3.1%

Strip malls

Location Intelligence

Current Use by Public Records

H. Ward Miles / Artist
Benjamin Butwin / Alternative Medicine Practice
Ewa Salon and Spa Suites / Hair Salon / Nail Salon
IMPERIAL DAY SPA OF CARMEL / Alternative Medicine Practice / Spa & Massage Center
T-Mobile Authorized Retailer / Telecommunications Service / Data Center

Property Details for 890 116th St

Year built: 2006
Construction: TYPE NOT SPECIFIED
Lot size: 2.27 lot acres
Property type: Strip malls
Property subtype: Shopping centers
APN: 29-09-36-301-012.000-018
APU: 290936301012000018

Sales History

Date	Price	Buyer	Seller	Deed Type	Mortgage
Apr 29, 2025	$12,050,000	Lmr II 116th Centre LLC	Tsp 116 Street LLC	Special Warranty Deed	—
Aug 7, 2012	—	Tcp Guilford LLC	Lasalle 115 Holdings LLC	Grant Deed	$5M · First Internet Bank INC
Mar 8, 2012	—	115 Holdings Series I Lasalle	116th Street Centre LLC	Grant Deed · related	—
Apr 13, 2005	—	116th Street Centre LLC	Dunkerly,donald M & Waneta	Warranty Deed	$568k · Old National Bank

Value Estimations

based on Realmo’s proprietary methodology

AI approach

Method

Estimation

Statistic approach

$10,915,000

ML approach

$7,615,000
Comparable approach

Method

Estimation

Statistic Estimate

$11,176,000

Market price range: $3.92M - $13.2M

Get a detailed, property-specific estimation — fast and free

Location Insight

Map
Local Demand

City: Carmel
County: Hamilton
State: Indiana
Longitude: -86.1417
Latitude: 39.9574
CBSA code: 26900
CBSA name: INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date

Tax Amount

Assessed Land Value

Assessed Improvement Value

Total Assessed Value

Applied Tax Rate

Land Market Value

Improvement Market Value

Total Market Value

2023

$100,871

$681,000

$4,318,800

$4,999,800

$681,000

$4,318,800

$4,999,800

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