Investment Overview

Marcus & Millichap is pleased to present a rare big-box repositioning opportunity in the affluent Carmel IN submarket, a prestigious area north of Indianapolis. This 45,710 square foot facility, constructed in 2008, is situated on a sizable 6.00-acre lot. The property features easy access and visibility on Michigan Road, the primary retail corridor through Carmel. With newer construction and an open floor plan with tremendous clear heights, this property is ideal for both tenants and/or owner/users. With an average household income exceeding $160,000 within a one-mile radius and low retail vacancy rates, this location benefits from strong daily traffic and retail demand. Surrounded by a mix of national and local retailers, the subject property benefits from major transportation routes and close proximity to the wealthy Zionsville area. This leasing and/or investment opportunity offers strong fundamentals in one of Indiana’s most sought-after retail corridors.