Carmel, IN Shopping Centers for Sale

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Indianapolis, IN Westfield, IN Zionsville, IN

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3,446 SF

Retail Space in Merchants’ Square

2140-2208 E 116th St, Carmel, IN

Retail space available in high-traffic shopping center.

High‑volume traffic location ensures excellent visibility and accessibility.
Diverse tenant mix including Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco, and Dollar Tree.
Shadow‑anchored by the first Indiana location of Harvest Market.
Attracts a steady influx of consumers.
Enhances visibility.

Updated: Nov 24, 2025

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Carmel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 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.

$1,500,000

7,800 SF

Multi-Tenant Retail Building For Sale

7,800 SF retail building with existing tenants in Greenfield, IN.

1789-1798 Melody Lane, Greenfield, IN

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$6,377,592

33,090 SF

Fully Leased Retail Center

Fully leased retail center near Hancock Health Hospital.

1029-1051 N State St, Greenfield, IN

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Indianapolis Retail Investment Opportunity

$4,300,000

31,124 SF

Indianapolis Retail Investment Opportunity

31,124 SF retail building in Indianapolis for sale.

6302 E 82nd St, Indianapolis, IN

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$5,250,000

12,277 SF

Modern Retail Center in Indianapolis

Stabilized retail center in a high-growth Indianapolis submarket.

8220 E 106th St, Indianapolis, IN 46256

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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.

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2.70 Acres

Carmel Retail Outlots on 146th

2.7± acres available in a walkable, connected community.

7249 E 146th St, Carmel, IN 46033

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$1,799,000

2.20 Acres

Noblesville Land Parcel For Sale

2.2-acre parcel zoned PB in high-visibility Noblesville corridor.

4844 Conner Street, Noblesville, IN 46060

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9.5-Acre Development Opportunity in Avon

$3,600,000

9.50 Acres

9.5-Acre Development Opportunity in Avon

Premier land parcel for mixed-use, retail, or multifamily development.

5283 East Main Street, Avon, IN 46123

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$812,000

8.12 Acres

B-3 Zoned Commercial Land Parcel

8.12+-acre B-3 commercial parcel with University Blvd frontage and direct access from Scatterfield Road.

University Boulevard, Anderson, IN 46012

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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

18,414 SF Lot: 0.36 Acres

2438 116th St, Carmel, IN 46032-3219

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SHOPPING CENTER, STRIP CENTER

7,795 SF Lot: 5.02 Acres

Estimated value

$980,000

1732 116th St, Carmel, IN 46032-3506

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SHOPPING CENTER, STRIP CENTER

19,671 SF Lot: 13.19 Acres

Estimated value

$4,640,000

2005 Greyhound Pass, Carmel, IN 46033-7729

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SHOPPING CENTER, STRIP CENTER

22,510 SF Lot: 2.27 Acres

Estimated value

$11,550,000

890 116th St, Carmel, IN 46032-3475

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SHOPPING CENTER, STRIP CENTER

15,750 SF Lot: 2.18 Acres

Value Estimation by Request

9873 Michigan Rd, Carmel, IN 46032-7958

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SHOPPING CENTER, STRIP CENTER

11,200 SF Lot: 1.55 Acres

Estimated value

$2,635,000

2271 Pointe Pkwy, Carmel, IN 46032-3284

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SHOPPING CENTER, STRIP CENTER

8,800 SF Lot: 1.21 Acres

Value Estimation by Request

10450 College Ave, Carmel, IN 46280-1478

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SHOPPING CENTER, STRIP CENTER

6,766 SF Lot: 1.35 Acres

Estimated value

$1,175,000

705 Rangeline Rd, Carmel, IN 46032-2537

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SHOPPING CENTER, STRIP CENTER

3,500 SF Lot: 0.23 Acres

Estimated value

$735,000

122 Main St, Carmel, IN 46032

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SHOPPING CENTER, STRIP CENTER

12,245 SF Lot: 1.29 Acres

Estimated value

$5,840,000

1420 Main St, Carmel, IN 46032-1494

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SHOPPING CENTER, STRIP CENTER

30,220 SF Lot: 3.67 Acres

Estimated value

$7,675,000

4335 106th St, Carmel, IN 46032-7774

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SHOPPING CENTER, STRIP CENTER

15,320 SF Lot: 1.93 Acres

Estimated value

$1,930,000

1438 Main St, Carmel, IN 46032-1696

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SHOPPING CENTER, STRIP CENTER

9,728 SF Lot: 1.30 Acres

Estimated value

$1,320,000

Redd Rd, Carmel, IN 46032

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WHOLESALE OUTLET, DISCOUNT STORE

121,583 SF Lot: 13.32 Acres

Estimated value

$15,540,000

11505 Illinois St, Carmel, IN 46032-3137

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SHOPPING CENTER, STRIP CENTER

25,113 SF Lot: 6.67 Acres

Estimated value

$5,925,000

4755 126th St, Carmel, IN 46033-2407

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SHOPPING CENTER, STRIP CENTER

5,338 SF Lot: 1.24 Acres

10460 Michigan Rd, Carmel, IN 46032-7952

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SHOPPING CENTER, STRIP CENTER

10,960 SF Lot: 1.30 Acres

Estimated value

$6,795,000

301 Carmel Dr, Carmel, IN 46032-2888

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SHOPPING CENTER, STRIP CENTER

12,089 SF Lot: 2.00 Acres

Estimated value

$5,570,000

12751 Pennsylvania St, Carmel, IN 46032-5516

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SHOPPING CENTER, STRIP CENTER

3,050 SF Lot: 1.26 Acres

Estimated value

$575,000

841 Rangeline Rd, Carmel, IN 46032-2504

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SHOPPING CENTER, STRIP CENTER

10,220 SF Lot: 1.64 Acres

Estimated value

$2,245,000

650 Carmel Dr, Carmel, IN 46032-2502

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SHOPPING CENTER, STRIP CENTER

11,051 SF Lot: 1.32 Acres

Estimated value

$1,460,000

13080 Grand Blvd, Carmel, IN 46032-5518

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WHOLESALE OUTLET, DISCOUNT STORE

218,285 SF Lot: 25.94 Acres

Estimated value

$21,840,000

1424 Carmel Dr, Carmel, IN 46032-8783

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SHOPPING CENTER, STRIP CENTER

10,824 SF Lot: 1.79 Acres

Estimated value

$1,440,000

1430 Carmel Dr, Carmel, IN 46032-8784

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Carmel, IN Shopping Centers Investment Opportunities Market Analysis

Explore 72 shopping centers for sale in Carmel, IN on our real estate platform. These investment opportunities span a total of 3,446 square feet of properties for sale, with an estimated market value of $0.00.

Sale prices for plazas in Carmel, IN start at $0.00, averaging $0.00, and reaching up to $0.00 — 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%

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 Shopping Centers for Sale

2140-2208 E 116th St, Carmel, IN

Opportunities in Nearby Cities

1789-1798 Melody Lane, Greenfield, IN

1029-1051 N State St, Greenfield, IN

6302 E 82nd St, Indianapolis, IN

8220 E 106th St, Indianapolis, IN 46256

Potential Development Sites for Consideration

7249 E 146th St, Carmel, IN 46033

4844 Conner Street, Noblesville, IN 46060

5283 East Main Street, Avon, IN 46123

University Boulevard, Anderson, IN 46012

Off-Market Properties in Carmel, IN

2438 116th St, Carmel, IN 46032-3219

1732 116th St, Carmel, IN 46032-3506

2005 Greyhound Pass, Carmel, IN 46033-7729

890 116th St, Carmel, IN 46032-3475

9873 Michigan Rd, Carmel, IN 46032-7958

2271 Pointe Pkwy, Carmel, IN 46032-3284

10450 College Ave, Carmel, IN 46280-1478

705 Rangeline Rd, Carmel, IN 46032-2537

122 Main St, Carmel, IN 46032

1420 Main St, Carmel, IN 46032-1494

4335 106th St, Carmel, IN 46032-7774

1438 Main St, Carmel, IN 46032-1696

Redd Rd, Carmel, IN 46032

11505 Illinois St, Carmel, IN 46032-3137

4755 126th St, Carmel, IN 46033-2407

10460 Michigan Rd, Carmel, IN 46032-7952

301 Carmel Dr, Carmel, IN 46032-2888

12751 Pennsylvania St, Carmel, IN 46032-5516

841 Rangeline Rd, Carmel, IN 46032-2504

650 Carmel Dr, Carmel, IN 46032-2502

13080 Grand Blvd, Carmel, IN 46032-5518

1424 Carmel Dr, Carmel, IN 46032-8783

1430 Carmel Dr, Carmel, IN 46032-8784

Carmel, IN Shopping Centers Investment Opportunities Market Analysis

Top Commercial Asset Segments

Demographics Overview

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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