This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1960 E Greyhound Pass
Carmel, IN 46033
Village Park Plaza · Property For Lease
Highlights
- Located on the border of Westfield and Carmel, this is the only big box opportunity in Indianapolis’ fastest growing and most affluent trade area.
- Multiple signage opportunities with direct visibility and access to US-31, which sees over 49,000 vehicles pass by each day.
- Convenient for any business with loading docks on both the north and south side of the building and 313 devoted parking spaces and more available.
- Very strong demographics with a daytime population of over 198,000 in a 5-mile radius, that combine for an annual consumer spending of $1.6 billion.
- Easy access to an incredibly broad trade area that stretches south past I-465, east to Route 37, and west to US-421, all within a 15-minute drive.
- Co-anchors Walmart, Kohl’s, Bed Bath & Beyond, Hobby Lobby, and Menard’s are part of the strong mix of local and national retailers in the center.
Property Facts
| Center Type | Power Center | Frontage | |
| Parking | 4778 Spaces | Gross Leasable Area | 882,440 SF |
| Stores | 48 | Total Land Area | 82.60 AC |
| Center Properties | 19 | Year Built | 1991 |
| Center Type | Power Center |
| Parking | 4778 Spaces |
| Stores | 48 |
| Center Properties | 19 |
| Frontage | |
| Gross Leasable Area | 882,440 SF |
| Total Land Area | 82.60 AC |
| Year Built | 1991 |
About the Property
Located on the border of Carmel and Westfield, Village Park Plaza is in a prime position to benefit from these two fast-growing suburban markets. The center has easy access to E 146th St, which sees 27,950 cars per day, and direct visibility to US-31, which sees 49,350. Multiple signage opportunities are available, and the property has 310’ of frontage. This space, formerly a grocer, represents the only big box opportunity in this trade area. The space features loading docks that are conveniently located on the north and south side of the building and has 313 parking spaces with additional cross easement parking in the plaza. The surrounding demographics are strong in a 5-mile radius, with 133,628 residents that have an average household income of $121,961. Together they combine with 67,658 employees for an annual consumer spending of $1.6 billion, $222 million of which was on grocery and at other food stores last year. The direct access to US-31 allows for a far reach south to I-465, east to Route 37, and west to US-421, all within a 15-minute drive. Village Park Plaza has a strong mix of local and national tenants with co-anchors like Walmart, Kohl’s, Bed Bath & Beyond, Hobby Lobby, and Menard’s, and other retailers like Starbucks, Shoe Carnival, Ulta Beauty, Five Below, and UPS Store. Village Park Plaza sits at the epicenter of this super-regional trade area with over 1-million square feet of high-end retail, including nearby centers Clay Terrace Life Style Center, Cool Creek Commons, and Greyhound Plaza. These centers are home to national brands like Stein Mart, Whole Foods, Dick’s Sporting Goods, Aldi, and Best Buy. Both Westfield and Carmel have received accolades recently, helping to draw more people to the area. Westfield was ranked Best Small City in America in 2016, and Carmel received recognition for being the Best Place to Live in Indiana in 2019. Due to the influx of people to this area, retail availability has remained tight with vacancy well below the historical average, making this a rare opportunity to join a thriving market.
- Pylon Sign
