2000 E 116th St — Sale in Carmel, IN

  • Price: $2.5M
  • Listing type: For sale
  • Asset type: Office
  • Location: Carmel, IN 46032
  • Size: 26,662 SF
  • Year built: 1980

Investment Figures

Price per square foot
$94

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Unique professional office building located in heart of Carmel with Great accessibility and visibility from 116th St. Building is located on the north side of 116th St between Keystone Ave and Rangeline Rd.

Market Context

This office in Carmel, IN is listed for sale at $2,500,000 across 26,662 SF ($94/SF). The building dates to 1980. It has been on the market for 191 days. Compare it against other office listings for sale in Carmel, IN — view the full market.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$79.70/SF – $107.84/SF

Mid: $93.77/SF

Estimated total for 26,662 SF: $2,500,096 per year

Rate-first confidence-weighted blend with cost-of-business adjustment.

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