Monon & Main — Sale in Carmel, IN

  • Price: $2.5M
  • Listing type: For sale
  • Asset type: Office
  • Location: Carmel, IN 46032
  • Size: 34,406 SF
  • Year built: 2018

Investment Figures

Price per square foot
$73

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

Monon & Main - Available for sale

Market Context

This office in Carmel, IN is listed for sale at $2,500,000 across 34,406 SF ($73/SF). The building dates to 2018. 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 34,406 SF: $3,226,251 per year

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

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