211 W Main St - Office FOR SALE


Carmel, IN 46032- Downtown Carmel
$13,500,000 USD
317-726-7305
211 W Main St, Carmel, IN for Sale
$13,500,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

211 W Main St
Carmel, IN 46032
Downtown Carmel


HIGHLIGHTS

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

OVERVIEW

Generational Real Estate in the heart of the Carmel Arts & Design District of downtown Carmel, Indiana. Situated at the iconic intersection of Main Street and Monon Boulevard, this contemporary, boutique, mixed-use building has average rents $5/SF below market, providing significant upside potential in the next three years. Potential to grow parking revenues and the building will benefit from a reversion of the garage from the City of Carmel to the owners of the development in 2037. This unique investment opportunity is 100% leased with a 4.75 year WALT. Potential seller financing available.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$390 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Trophy Investment Opportunity

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

248

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

C

APN/PARCEL ID

29-09-25-161-004.001-018

ASK ABOUT THIS PROPERTY

Rebecca WellsCushman & WakefieldMore Info
317-726-7305

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Rebecca WellsCushman & WakefieldMore Info
317-726-7305

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.