211 Main St Carmel, IN 46032

This exceptional investment opportunity presents a Class A, mixed-use property located at 211 W Main St, Carmel, IN 46032, in the heart of Hamilton County. The property, known as Monon & Main, is a four-story building totaling 34,406 square feet, offering a blend of creative office and storefront spaces. Built in 2018, the building boasts a 100% occupancy rate as of October 5, 2023, generating a substantial net operating income (NOI) of $1,000,000 and a compelling 7.14% cap rate. The asking price is $14,000,000, translating to $406.91 per square foot. This core investment presents significant potential for long-term growth, with the possibility of increasing cash flow through a market-to-market program. Situated in Carmel, Indiana, consistently ranked among the nation's best small cities, this property benefits from an extremely healthy submarket location within the Arts & Design District. The property's strong performance and prime location make it an attractive investment for both passive investors and owner-users seeking a high-quality asset in a thriving community. The building's mixed-use nature provides flexibility and diversification, catering to a variety of tenants. This is a rare opportunity to acquire a fully leased, high-performing asset in a desirable location.