For Sale
$14,000,000

211 Main StCarmel, IN 46032

Prime Carmel location, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Class A, mixed-use property at 211 W Main St, Carmel, IN 46032.
  • Four-story building totaling 34,406 square feet, built in 2018.
  • 100% occupancy as of October 5, 2023, generating $1,000,000 NOI and a 7.14% cap rate.
  • Asking price: $14,000,000 ($406.91/SF).
  • Located in Carmel, IN's Arts & Design District, a high-demand submarket.

Property Details for 211 Main St

Property type
Retail properties, Office properties
Square Feet
34,406 SF
Class
A
Year Built
2018
Buildings
1
Stories
4

Location Insight

City
Carmel
County
Hamilton
State
Indiana
Latitude
39.978352907128
Longitude
-86.130579982087
211 Main St, Carmel, Indiana

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211 Main St
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