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10574 Workout Way
Carmel, IN 46032

Repositioning Opportunity | Carmel, IN · Retail Property For Sale

Investment Highlights

  • Rare Repositioning Opportunity w/ Strong Fundamentals
  • Excellent Demographics & Low Vacancy
  • Highly Desirable Trade Area & Retail Corridor

Executive Summary

The NNN Fitness Group of 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.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Health Club
Building Size
45,710 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
6.00 AC
Parking
317 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
492 FT on N Michigan Rd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-13-07-027-003.000-018
Land Assessment
$2,400,800
Improvements Assessment
$4,171,800
Total Assessment
$6,572,600
  • Listing ID: 33476281

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 10574 Workout Way, Carmel, IN 46032

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