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Riverhead on Rangeline 3 Retail Properties in Carmel, IN
Investment Highlights
- Irreplaceable location at the corner of Main Street and Rangeline Road - the epicenter of the Carmel Arts & Design District
- Scarce ownership opportunity with rapid rent growth of 7-10%/year
- Walkability to retail shops & services, restaurants, nightlife and other notable amenities; two blocks from the Monon Greenway Trail
- Limited land sites along Main Street create an extraordinary barrier to entry for new development; while short-term leases create the ideal condition
- Over 71,000 people in a 3-mile radius with an average household income of $182,302 as of 2026
- Heavily trafficked pedestrian corridors surrounded by upscale residential, boutiques, galleries and restaurants
Executive Summary
Rare Opportunity to Acquire a Three-Parcel Assemblage at Main St & Rangeline Rd
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 12,490 SF |
| Number of Properties | 3 | Total Land Area | 0.57 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 12,490 SF |
| Total Land Area | 0.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2-8 W Main St, Carmel, IN 46032 | Retail | 5,348 SF | 1972 | - |
| 20-22 N Range Line Rd, Carmel, IN 46032 | Retail | 4,012 SF | 1920 | - |
| 24 N Rangeline Rd, Carmel, IN 46032 | Retail | 3,130 SF | 1920 | - |
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