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Carmel, IN

Restaurants

Carmel, IN Restaurants for Sale

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Indianapolis, IN Zionsville, IN Westfield, IN Noblesville, IN Sheridan, IN Fishers, IN Whitestown, IN Cicero, IN

Which Wich Sandwich Restaurant

Updated: Apr 13

Which Wich Sandwich Restaurant

4335 W 106th St, Suite 1200, Carmel, IN 46032

Contact for pricing

1,200 sqft

1,200 SF restaurant suite at 4335 W. 106th St., Suite 1200
Which Wich Superior Sandwiches franchise with modern interior build‑out
Efficient ordering system included in the restaurant configuration
Intersection of 106th St. and Michigan Rd. with 40,000+ VPD
On‑site parking available for restaurant customers

Restaurant Property with Drive-Through

Updated: Apr 12

Restaurant Property with Drive-Through

9802 N Michigan Rd, Carmel, IN 46032

Contact for pricing

6.86% cap rate with over 9 years remaining on a 10‑year lease
Operating restaurant with a drive‑through and outdoor patio
Located along US 421 with direct access to I‑465
Shares an entrance with a Marathon gas station
Nearby retailers include Home Depot, Kohl’s, Costco, and Target

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 66 Potential Opportunities for your consideration. Besides 2 Active listings in Carmel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Drive-Through Restaurant Building

Drive-Through Restaurant Building

6010 W 86 St, Indianapolis, IN 46278

Contact for pricing

3,314 sqft 1.17 AC lot

Restaurant property with an existing drive-through and patio.

7 Brew Double Drive-Thru NNN Property

7 Brew Double Drive-Thru NNN Property

8650 Michigan Road, Indianapolis, IN 46268

Contact for pricing

760 sqft

Brand-new ground lease asset with a long-term net lease and no landlord responsibilities.

Drive-Through Restaurant Property

Drive-Through Restaurant Property

7217 Woodland Dr, Indianapolis, IN 46278

Contact for pricing

53,143 sqft 1.22 AC lot

Vacant restaurant property with an existing drive-through and on-site parking.

Former Restaurant With Drive-Through

Former Restaurant With Drive-Through

8456 Michigan Rd., Indianapolis, IN 46268

Contact for pricing

2,812 sqft

Restaurant improvements occupy a lighted intersection beside Lowe’s and near the 86th & Michigan Road retail hub.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

B-2 Commercial Land Parcel

B-2 Commercial Land Parcel

Weston Pointe Drive, Carmel, IN 46032

$649,900

1.00 AC lot

One-acre commercial site with shared parking and approved office, restaurant, daycare, and service uses.

Commercial Land Near Trail

Commercial Land Near Trail

823 W State Road 32, Westfield, IN 46074

$1,350,000

5.13 AC lot

Vacant, previously developed tract with public sewer and direct Highway 32 access.

Cleared Commercial Land

Cleared Commercial Land

134 W 30th Street, Indianapolis, IN 46208

$299,500

0.08 AC lot

C3/D5-zoned parcel with utilities, state road frontage, and completed environmental clearance.

Corner Commercial Land

Corner Commercial Land

1401 S Meridian Street, Indianapolis, IN 46225

$72,900

0.12 AC lot

Level corner parcel with frontage on two city streets and utilities already in place.

Off-Market Properties in Carmel, IN

Consider similar Off-Market properties in Carmel, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

9802 Michigan Rd

RESTAURANT

9802 Michigan Rd, Carmel, IN 46032-7925

$585,000

Estimated value

3,301 sqft 1.76 AC lot

31 Main St

RESTAURANT

31 Main St, Carmel, IN 46032-1929

$415,000

Estimated value

3,923 sqft 0.03 AC lot

2420 146th St

DRIVE-THRU RESTAURANT, FAST FOOD

2420 146th St, Carmel, IN 46033-7712

$1,720,000

Estimated value

2,299 sqft 0.16 AC lot

14933 Thatcher Ln

DRIVE-THRU RESTAURANT, FAST FOOD

14933 Thatcher Ln, Carmel, IN 46032-1559

$3,255,000

Estimated value

3,428 sqft 0.95 AC lot

10575 Michigan Rd

DRIVE-THRU RESTAURANT, FAST FOOD

10575 Michigan Rd, Carmel, IN 46032-9685

$605,000

Estimated value

3,258 sqft 1.20 AC lot

12901 Old Meridian St

RESTAURANT

12901 Old Meridian St, Carmel, IN 46032-1489

$820,000

Estimated value

6,140 sqft 1.27 AC lot

9853 Michigan Rd

DRIVE-THRU RESTAURANT, FAST FOOD

9853 Michigan Rd, Carmel, IN 46032-7925

$680,000

Estimated value

2,959 sqft 1.09 AC lot

951 Rangeline Rd

DRIVE-THRU RESTAURANT, FAST FOOD

951 Rangeline Rd, Carmel, IN 46032-1361

$2,775,000

Estimated value

3,928 sqft 0.64 AC lot

14647 Thatcher Ln

DRIVE-THRU RESTAURANT, FAST FOOD

14647 Thatcher Ln, Carmel, IN 46032-1556

$700,000

Estimated value

4,609 sqft 0.98 AC lot

2293 116th St

RESTAURANT

2293 116th St, Carmel, IN 46032-3279

$680,000

Estimated value

7,708 sqft 1.58 AC lot

10325 Michigan Rd

RESTAURANT

10325 Michigan Rd, Carmel, IN 46032-7926

$835,000

Estimated value

5,233 sqft 1.81 AC lot

2740 146th St

DRIVE-THRU RESTAURANT, FAST FOOD

2740 146th St, Carmel, IN 46033-7718

$730,000

Estimated value

4,869 sqft 0.87 AC lot

5801 116th St

RESTAURANT

5801 116th St, Carmel, IN 46033-9307

$625,000

Estimated value

13,476 sqft 6.30 AC lot

10206 Michigan Rd

RESTAURANT

10206 Michigan Rd, Carmel, IN 46032-7947

$775,000

Estimated value

7,590 sqft 2.06 AC lot

14758 Greyhound Plz

RESTAURANT

14758 Greyhound Plz, Carmel, IN 46032-1097

$620,000

Estimated value

6,892 sqft 0.25 AC lot

2355 116th St

RESTAURANT

2355 116th St, Carmel, IN 46032-3280

$735,000

Estimated value

5,359 sqft 1.65 AC lot

918 Rangeline Rd

RESTAURANT

918 Rangeline Rd, Carmel, IN 46032-2542

$880,000

Estimated value

11,408 sqft 0.68 AC lot

10220 Michigan Rd

RESTAURANT

10220 Michigan Rd, Carmel, IN 46032-7947

$765,000

Estimated value

5,671 sqft 1.64 AC lot

465 Carmel Dr

DRIVE-THRU RESTAURANT, FAST FOOD

465 Carmel Dr, Carmel, IN 46032-2811

$570,000

Estimated value

3,150 sqft 1.30 AC lot

10585 Michigan Rd

DRIVE-THRU RESTAURANT, FAST FOOD

10585 Michigan Rd, Carmel, IN 46032-9685

$705,000

Estimated value

3,280 sqft 1.00 AC lot

2370 116th St

DRIVE-THRU RESTAURANT, FAST FOOD

2370 116th St, Carmel, IN 46032-3217

$600,000

Estimated value

3,136 sqft 0.92 AC lot

615 Carmel Dr

DRIVE-THRU RESTAURANT, FAST FOOD

615 Carmel Dr, Carmel, IN 46032-2815

$675,000

Estimated value

4,833 sqft 0.93 AC lot

Carmel, IN Restaurants Market Trends and Statistics

Explore 58 restaurants for sale in Carmel, IN on our real estate platform. These investment opportunities span a total of 1,200 square feet of properties for sale.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 145K

Population Growth (5Y) +1.7%

Median Household Income $128,931

College Educated 82.0%

Taxes & Financing

Tax Rate (average for all types) 1.96%

Property Tax per SF $24.58 per SF

Tax Rate vs County Average 0.04 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hamilton County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Carmel fall within the 2,500 to 5,000 square foot range.

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