Carmel, IN Retail Properties & Spaces for Sale

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Indianapolis, IN Westfield, IN Zionsville, IN

Updated: Feb 5

Corner Development Lot with C2 Zoning

41 1st Avenue SW, Carmel, IN 46032

$1,495,000

0.20 AC lot

Corner lot in Carmel’s Arts & Design District
Currently zoned C2
Public sewer available
Mixed‑use concept: first‑floor retail with second- and third‑floor residential

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Updated: Jun 25

In-Line Retail and Medical Suite

12505 Old Meridian St., Carmel, IN 46032

Contact for pricing

1,650 sqft

1,650 SF in‑line retail suite
Excellent visibility and access on Old Meridian Street
Ample on‑site parking
Monument signage available
Suite is suitable for retail, service, medical, or boutique office use

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Carmel Retail Condominiums For Sale

7015 E 146th St, Carmel, IN

Contact for pricing

2,397 sqft · 30.70 AC lot

Three ground floor retail condominiums available in Carmel, Indiana.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Retail Space in Merchants’ Square

2140-2208 E 116th St, Carmel, IN

Contact for pricing

3,446 sqft · 19.51 AC lot

Retail space available in high-traffic shopping center.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Carmel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 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.

Modern Retail Center in Indianapolis

8220 E 106th St, Indianapolis, IN 46256

$5,250,000

12,277 sqft

Stabilized retail center in a high-growth Indianapolis submarket.

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Freestanding Single-Tenant Animal Hospital

3845 W 96th St, Indianapolis, IN 46268

$2,560,000

6,681 sqft

Single-tenant animal hospital with lease term remaining and rent increases.

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Retail Space on Allisonville Road

11578 Allisonville Rd, Fishers, IN

Contact for pricing

7,375 sqft · 0.96 AC lot

7,375 SF retail space with high visibility in Fishers.

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Former Kroger Building For Sale

7264 Fishers Crossing Dr, Fishers, IN

Contact for pricing

62,426 sqft · 11.01 AC lot

62,426 SF former Kroger building on 10.60 acres.

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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.

Carmel Retail Outlots on 146th

7249 E 146th St, Carmel, IN 46033

Contact for pricing

2.70 AC lot

2.7± acres available in a walkable, connected community.

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Prime Land on Meridian Street

9240 N Meridian, Indianapolis, IN 46260

$590,000

1.35 AC lot

Pad-ready 1.35-acre commercial land for sale.

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Westfield Land For Sale

111 N East St, Westfield, IN 46074

$2,700,000

0.73 AC lot

0.73 acres of land available in Westfield, Indiana.

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Prime Westfield Land Opportunity

1014 E 169th St, Westfield, IN 46074

Contact for pricing

20.00 AC lot

20-acre site in booming Westfield, Indiana, with high visibility.

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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.

SHOPPING CENTER, STRIP CENTER

2438 116th St, Carmel, IN 46032-3219

$2,200,000

Estimated value

18,414 sqft · 0.36 AC lot

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RETAIL STORES (PERSONAL SERVICES)

233 Monon Blvd, Carmel, IN 46032-2352

$1,150,000

Estimated value

7,012 sqft · 0.26 AC lot

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SHOPPING CENTER, STRIP CENTER

1732 116th St, Carmel, IN 46032-3506

$980,000

Estimated value

7,795 sqft · 5.02 AC lot

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AUTO REPAIR, GARAGE

9835 Michigan Rd, Carmel, IN 46032-7925

Value Estimation by Request

2,077 sqft · 0.98 AC lot

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CONVENIENCE STORE

9800 Michigan Rd, Carmel, IN 46032-7925

$955,000

Estimated value

5,016 sqft · 1.81 AC lot

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CONVENIENCE STORE

1821 151st St, Carmel, IN 46033-7733

Value Estimation by Request

6,292 sqft · 1.55 AC lot

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FINANCIAL BUILDING

10215 Michigan Rd, Carmel, IN 46032-7947

$700,000

Estimated value

4,260 sqft · 1.00 AC lot

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FINANCIAL BUILDING

205 Carmel Dr, Carmel, IN 46032-2634

$880,000

Estimated value

8,545 sqft · 1.17 AC lot

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RESTAURANT

9802 Michigan Rd, Carmel, IN 46032-7925

Value Estimation by Request

3,301 sqft · 1.76 AC lot

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SHOPPING CENTER, STRIP CENTER

2005 Greyhound Pass, Carmel, IN 46033-7729

$4,640,000

Estimated value

19,671 sqft · 13.19 AC lot

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RETAIL STORES (PERSONAL SERVICES)

12 Main St, Carmel, IN 46032-1764

Value Estimation by Request

924 sqft · 0.01 AC lot

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RETAIL STORES (PERSONAL SERVICES)

14 Main St, Carmel, IN 46032-1764

Value Estimation by Request

2,400 sqft · 0.03 AC lot

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RESTAURANT

31 Main St, Carmel, IN 46032-1929

Value Estimation by Request

3,923 sqft · 0.03 AC lot

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SHOPPING CENTER, STRIP CENTER

890 116th St, Carmel, IN 46032-3475

$11,550,000

Estimated value

22,510 sqft · 2.27 AC lot

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FINANCIAL BUILDING

270 Merchants Sq Dr, Carmel, IN 46032-2981

Value Estimation by Request

2,838 sqft · 0.50 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

2420 146th St, Carmel, IN 46033-7712

$1,720,000

Estimated value

2,299 sqft · 0.16 AC lot

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RETAIL STORES (PERSONAL SERVICES)

10595 Michigan Rd, Carmel, IN 46032-9685

$2,035,000

Estimated value

15,048 sqft · 1.97 AC lot

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FINANCIAL BUILDING

10570 Michigan Rd, Carmel, IN 46032-9685

$2,800,000

Estimated value

3,577 sqft · 1.27 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

26 Main St, Carmel, IN 46032

$1,590,000

Estimated value

1,248 sqft · 0.03 AC lot

View details

FINANCIAL BUILDING

2259 116th St, Carmel, IN 46032-3279

Value Estimation by Request

3,602 sqft · 0.78 AC lot

View details

Carmel, IN Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Carmel, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 7,493 square feet of properties for sale, with an estimated market value of $1,495,000.

Sale prices for stores in Carmel, IN start at $0.00, averaging $373,750, and reaching up to $1,495,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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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%

High-Yield Neighborhoods for Investment

Identify Carmel submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46032	$1.5M

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

Total CRE Inventory on Market (SF)

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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Carmel, IN Retail Properties & Spaces for Sale

41 1st Avenue SW, Carmel, IN 46032

12505 Old Meridian St., Carmel, IN 46032

7015 E 146th St, Carmel, IN

2140-2208 E 116th St, Carmel, IN

Opportunities in Nearby Cities

8220 E 106th St, Indianapolis, IN 46256

3845 W 96th St, Indianapolis, IN 46268

11578 Allisonville Rd, Fishers, IN

7264 Fishers Crossing Dr, Fishers, IN

Potential Development Sites for Consideration

7249 E 146th St, Carmel, IN 46033

9240 N Meridian, Indianapolis, IN 46260

111 N East St, Westfield, IN 46074

1014 E 169th St, Westfield, IN 46074

Off-Market Properties in Carmel, IN

2438 116th St, Carmel, IN 46032-3219

233 Monon Blvd, Carmel, IN 46032-2352

1732 116th St, Carmel, IN 46032-3506

9835 Michigan Rd, Carmel, IN 46032-7925

9800 Michigan Rd, Carmel, IN 46032-7925

1821 151st St, Carmel, IN 46033-7733

10215 Michigan Rd, Carmel, IN 46032-7947

205 Carmel Dr, Carmel, IN 46032-2634

9802 Michigan Rd, Carmel, IN 46032-7925

2005 Greyhound Pass, Carmel, IN 46033-7729

12 Main St, Carmel, IN 46032-1764

14 Main St, Carmel, IN 46032-1764

31 Main St, Carmel, IN 46032-1929

890 116th St, Carmel, IN 46032-3475

270 Merchants Sq Dr, Carmel, IN 46032-2981

2420 146th St, Carmel, IN 46033-7712

10595 Michigan Rd, Carmel, IN 46032-9685

10570 Michigan Rd, Carmel, IN 46032-9685

26 Main St, Carmel, IN 46032

2259 116th St, Carmel, IN 46032-3279

Carmel, IN Retail Properties & Spaces Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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