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10460 N Michigan Rd
Carmel, IN 46032

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
5,185 SF
Building Class
B
Year Built
2004
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.24 AC
Zoning
commercial
Parking
40 Spaces (7.71 Spaces per 1,000 SF Leased)
Frontage
187 FT on Northwestern Dr

ABOUT 10460 N MICHIGAN RD , CARMEL, IN 46032

- Long-Term, Triple Net Leases with Rent Escalations in Primary Terms and Options - Historic 100% Occupancy Rate with Nationally Recognized Tenants - Highly Visible Spaces — Strategically Positioned at the Hard Corner of Northwestern Dr and Michigan Rd. Every Tenant has Excellent Visibility to all Travelers along Michigan Rd, a Main Retail Thoroughfare in Carmel. - The Average Household Income in the Immediate Area is over $164,000 — Over Double the National Average - Highly Leasable Spaces — The Average Size Space is 1,728 square feet. This Makes the Property Extremely Leasable as the Tenant Pool for this Size Space is the Largest in the Industry. - Situated on Michigan Rd/U.S. Route 421 just north of Interstate 465, Two Major Thoroughfares in Carmel. Traffic Counts on Michigan Rd Reach almost 30,000 Vehicles per Day, with Traffic Counts Exceeding 107,000 VPD on I-465 - Densely Populated Area — Nearly 124,928 Residents Within a 5-Mile Radius. The Population has Grown by Nearly 34% in the Last Several Years with Another 10% of Growth is Projected by 2024 - Surrounding National Retailers Target, Marshalls, HomeGoods, Petco, Best Buy, Office Max, Home Depot, Kohl’s, LA Fitness, Costco, Kroger, Walgreens, Outback Steakhouse, Olive Garden, Chuy’s, Red Robin and Many, Many More

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-13-07-001-013.000-018
Land Assessment
$725,700
Improvements Assessment
$1,053,000
Total Assessment
$1,778,700
  • Listing ID: 17234223

  • Date on Market: 9/18/2019

  • Last Updated:

  • Address: 10460 N Michigan Rd, Carmel, IN 46032

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