10574 Workout Way | Carmel, IN 46032
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10574 Workout Way
Carmel, IN 46032
Repositioning Opportunity | Carmel, IN · Retail Property For Sale
Investment Highlights
- Rare Repositioning Opportunity w/ Strong Fundamentals
- Excellent Demographics & Low Vacancy
- Highly Desirable Trade Area & Retail Corridor
Executive Summary
The NNN Fitness Group of Marcus & Millichap is pleased to present a rare big-box repositioning opportunity in the affluent Carmel IN submarket, a prestigious area north of Indianapolis. This 45,710 square foot facility, constructed in 2008, is situated on a sizable 6.00-acre lot. The property features easy access and visibility on Michigan Road, the primary retail corridor through Carmel. With newer construction and an open floor plan with tremendous clear heights, this property is ideal for both tenants and/or owner/users.
With an average household income exceeding $160,000 within a one-mile radius and low retail vacancy rates, this location benefits from strong daily traffic and retail demand. Surrounded by a mix of national and local retailers, the subject property benefits from major transportation routes and close proximity to the wealthy Zionsville area. This leasing and/or investment opportunity offers strong fundamentals in one of Indiana’s most sought-after retail corridors.
With an average household income exceeding $160,000 within a one-mile radius and low retail vacancy rates, this location benefits from strong daily traffic and retail demand. Surrounded by a mix of national and local retailers, the subject property benefits from major transportation routes and close proximity to the wealthy Zionsville area. This leasing and/or investment opportunity offers strong fundamentals in one of Indiana’s most sought-after retail corridors.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
45,710 SF
Building Class
B
Year Built
2008
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Lot Size
6.00 AC
Parking
317 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 29-13-07-027-003.000-018 | Improvements Assessment | £3,264,225 |
| Land Assessment | £1,878,506 | Total Assessment | £5,142,731 |
PROPERTY TAXES
Parcel Number
29-13-07-027-003.000-018
Land Assessment
£1,878,506
Improvements Assessment
£3,264,225
Total Assessment
£5,142,731
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