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Rare Trophy Investment Opportunity 211 W Main St

34,406 SF 100% Leased 4-Star Office Building Carmel, IN 46032 $14,000,000 ($407/SF)

Investment Highlights

  • Boutique Class A Office & Retail building in the heart of downtown Carmel

Executive Summary

Class A+ location in the Carmel Arts & Design District of downtown Carmel, Indiana, with connected structured parking. Class A building construction with Class A finishes throughout. 100% occupied by seven office and retail tenants. Market rents have grown significantly in recent years, creating favorable upside opportunity in the rollover of existing leases to market. Potential for owner-user to occupy the fourth floor as of June 2025.

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Property Facts

Sale Type
Investment
Property Type
Office
Building Size
34,406 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Price
$14,000,000
Price Per SF
$407
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
9,400 SF
Building FAR
0.57
Land Acres
1.38 AC
Zoning
C - Commercial
Parking
248 Spaces (7.21 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Restaurant
  • Security System
  • Signage
  • Outdoor Seating
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 4th Fl-Ste 400
  • 9,633 SF
  • Office
  • -
  • Jun 2025
Space Size Space Use Condition Available
4th Fl-Ste 400 9,633 SF Office - Jun 2025

4th Fl-Ste 400

Size
9,633 SF
Space Use
Office
Condition
-
Available
Jun 2025
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-09-25-161-004.001-018
Land Assessment
$324,000
Improvements Assessment
$5,371,500
Total Assessment
$5,695,500
  • Listing ID: 29771918

  • Date on Market: 10/12/2023

  • Last Updated:

  • Address: 211 W Main St, Carmel, IN 46032

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