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Land For Lease • 0+ SF
| Name | Space Use | Size | Rent | Details |
|---|---|---|---|---|
| Unkwn Floor Ste | - | 0.42 AC | Rate Upon Request | |
Positioned in the heart of Carmel, this 0.42-acre commercial parcel offers superior visibility and immediate access to U.S. 31 and key local arterials, making it an attractive acquisition for investors and developers. The property is fully equipped with all essential utilities, including water, sewer, and electricity, streamlining the development process. Zoned for commercial use, the site supports a range of build-to-suit configurations, including retail, office, or small-scale multifamily, subject to local approvals. Located near Clay Terrace and surrounded by a diverse mix of national retailers, dining venues, and professional offices, this property benefits from a strong consumer base and consistent traffic patterns. Carmel’s thriving economic climate and high average household income—exceeding $121,000 within a 1-mile radius—further elevate the investment potential. With a flat, shovel-ready lot, minimal site preparation is required, providing a cost-efficient path to delivery for developers pursuing a value-driven opportunity in one of Indiana’s most dynamic suburban markets.
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This 0.42-acre development-ready site on N. Rangeline Road delivers a strategic position for operators seeking a customizable retail or office footprint in Carmel’s vibrant commercial corridor. The parcel enjoys excellent connectivity to major thoroughfares, including U.S. 31, and benefits from strong demographics, dense daily traffic, and immediate proximity to top national brands such as Kohl’s, Walmart, and Panera Bread. The site is entitled for commercial use and includes all requisite utilities, allowing tenants to execute build-to-suit options with efficiency. Its high-visibility frontage and adjacency to major retail clusters create a competitive advantage for brands focused on exposure, convenience, and sustained market presence. Surrounded by an affluent community and established business districts, this location is ideal for concepts looking to capitalize on both commuter and local consumer demand.
| Fully entitled 0.42-acre parcel with utilities in place. |
| High-visibility site on N. Rangeline Road with direct connectivity to U.S. 31. |
| Located near Clay Terrace and numerous national retailers and restaurants. |
| Demographics show average household incomes above $120,000 within one mile. |
| Flat, shovel-ready site suitable for retail, QSR, office, or small-scale multifamily. |
| Easy access to regional transportation arterials and growing commercial districts. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Indianapolis International | 52 min | - | 32.2 mi |
Jeff Marchio
Tharp Realty
Jeff Marchio
Tharp Realty
