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Carmel, IN

Shopping Center

Carmel, IN Shopping Centers for Sale

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

Shadow-Grocery Anchored Retail Center

Updated: Mar 12

Shadow-Grocery Anchored Retail Center

2140-2208 E 116th St, Carmel, IN 46032

Contact for pricing

233,727 sqft

Shadow‑grocery anchored retail center with 40,095 SF across 10 leases signed since 2023 (17% of total GLA)
2.5M+ annual visitors, with an additional 500k generated since Harvest Market opening
Highly visible location at Keystone Pkwy & E 116th Street, one of Carmel’s busiest intersections (~71,000 VPD)
City of Carmel reports 1% retail vacancy
Population growth of over 20% in the 5‑mile radius since 2010

Ground Floor Retail Condominium Units

Updated: Nov 7, 2025

Ground Floor Retail Condominium Units

7015 E 146th St, Carmel, IN 46033

Contact for pricing

1,800 sqft

3 ground floor retail condominium units available for sale totaling 5,828 SF
Retail located within a four‑story apartment building in LEO at Carmel, a 350‑unit development
LEO at Carmel includes 230 single‑family attached/detached homes and 120 garden‑style apartments
146th Street frontage retail includes signalized access at 146th Street and Community Drive for ingress/egress
Additional 2.7 acres of retail outlots with frontage along 146th Street

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 78 Potential Opportunities for your consideration. Besides 2 Active listings in Carmel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 2 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.

River’s Edge Net-Leased Shopping Center

River’s Edge Net-Leased Shopping Center

4335 E 82nd St, Indianapolis, IN 46250

Contact for pricing

13,373 sqft

Fully leased retail center with staggered rollover and a multi-tenant net lease structure.

Anchored Shopping Center

Anchored Shopping Center

1675 North State Street, Greenfield, IN 46140

Contact for pricing

65,930 sqft

Established retail center with national tenants, scheduled lease increases, and major adjacent grocery and discount retail anchors.

Fully Leased Retail Center

Fully Leased Retail Center

1029-1051 N State St, Greenfield, IN

Contact for pricing

33,090 sqft 4.26 AC lot

Fully leased retail center near Hancock Health Hospital.

Modern Retail Center in Indianapolis

Modern Retail Center in Indianapolis

8220 E 106th St, Indianapolis, IN 46256

Contact for pricing

12,277 sqft

Stabilized retail center in a high-growth Indianapolis submarket.

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.

Commercial Land for Development

Commercial Land for Development

University Boulevard, Anderson, IN 46012

$812,000

8.12 AC lot

B-3 zoning supports a planned neighborhood shopping center, with public sewer available.

B-3 Commercial Land Assemblage

B-3 Commercial Land Assemblage

241 N Scatterfield Road, Anderson, IN 46012

$2,700,000

21.55 AC lot

Four parcels offer separate acquisition options with natural gas availability and public sewer service.

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.

2438 116th St

SHOPPING CENTER, STRIP CENTER

2438 116th St, Carmel, IN 46032-3219

Estimated value:

$555,000

18,414 sqft 0.36 AC lot

1732 116th St

SHOPPING CENTER, STRIP CENTER

1732 116th St, Carmel, IN 46032-3506

Estimated value:

$980,000

7,795 sqft 5.02 AC lot

2005 Greyhound Pass

SHOPPING CENTER, STRIP CENTER

2005 Greyhound Pass, Carmel, IN 46033-7729

Estimated value:

$4,640,000

19,671 sqft 13.19 AC lot

890 116th St

SHOPPING CENTER, STRIP CENTER

890 116th St, Carmel, IN 46032-3475

Estimated value:

$10,915,000

22,510 sqft 2.27 AC lot

9873 Michigan Rd

SHOPPING CENTER, STRIP CENTER

9873 Michigan Rd, Carmel, IN 46032-7958

Estimated value:

by Request

15,750 sqft 2.18 AC lot

2271 Pointe Pkwy

SHOPPING CENTER, STRIP CENTER

2271 Pointe Pkwy, Carmel, IN 46032-3284

Estimated value:

$2,635,000

11,200 sqft 1.55 AC lot

10450 College Ave

SHOPPING CENTER, STRIP CENTER

10450 College Ave, Carmel, IN 46280-1478

Estimated value:

$85,000

8,800 sqft 1.21 AC lot

705 Rangeline Rd

SHOPPING CENTER, STRIP CENTER

705 Rangeline Rd, Carmel, IN 46032-2537

Estimated value:

$670,000

6,766 sqft 1.35 AC lot

122 Main St

SHOPPING CENTER, STRIP CENTER

122 Main St, Carmel, IN 46032

Estimated value:

$490,000

3,500 sqft 0.23 AC lot

1420 Main St

SHOPPING CENTER, STRIP CENTER

1420 Main St, Carmel, IN 46032-1494

Estimated value:

$6,975,000

12,245 sqft 1.29 AC lot

4335 106th St

SHOPPING CENTER, STRIP CENTER

4335 106th St, Carmel, IN 46032-7774

Estimated value:

$9,630,000

30,220 sqft 3.67 AC lot

1438 Main St

SHOPPING CENTER, STRIP CENTER

1438 Main St, Carmel, IN 46032-1696

Estimated value:

$1,930,000

15,320 sqft 1.93 AC lot

Redd Rd

SHOPPING CENTER, STRIP CENTER

Redd Rd, Carmel, IN 46032

Estimated value:

$1,320,000

9,728 sqft 1.30 AC lot

11505 Illinois St

WHOLESALE OUTLET, DISCOUNT STORE

11505 Illinois St, Carmel, IN 46032-3137

Estimated value:

$15,540,000

121,583 sqft 13.32 AC lot

4755 126th St

SHOPPING CENTER, STRIP CENTER

4755 126th St, Carmel, IN 46033-2407

Estimated value:

$5,925,000

25,113 sqft 6.67 AC lot

10460 Michigan Rd

SHOPPING CENTER, STRIP CENTER

10460 Michigan Rd, Carmel, IN 46032-7952

Estimated value:

$2,785,000

5,338 sqft 1.24 AC lot

301 Carmel Dr

SHOPPING CENTER, STRIP CENTER

301 Carmel Dr, Carmel, IN 46032-2888

Estimated value:

$6,795,000

10,960 sqft 1.30 AC lot

12751 Pennsylvania St

SHOPPING CENTER, STRIP CENTER

12751 Pennsylvania St, Carmel, IN 46032-5516

Estimated value:

$5,570,000

12,089 sqft 2.00 AC lot

841 Rangeline Rd

SHOPPING CENTER, STRIP CENTER

841 Rangeline Rd, Carmel, IN 46032-2504

Estimated value:

$575,000

3,050 sqft 1.26 AC lot

650 Carmel Dr

SHOPPING CENTER, STRIP CENTER

650 Carmel Dr, Carmel, IN 46032-2502

Estimated value:

$2,245,000

10,220 sqft 1.64 AC lot

13080 Grand Blvd

SHOPPING CENTER, STRIP CENTER

13080 Grand Blvd, Carmel, IN 46032-5518

Estimated value:

$1,460,000

11,051 sqft 1.32 AC lot

1424 Carmel Dr

WHOLESALE OUTLET, DISCOUNT STORE

1424 Carmel Dr, Carmel, IN 46032-8783

Estimated value:

$21,840,000

218,285 sqft 25.94 AC lot

Carmel, IN Shopping Centers Market Trends and Statistics

Explore 72 shopping centers for sale in Carmel, IN on our real estate platform. These investment opportunities span a total of 235,527 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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