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Commercial Land for Sale in Carmel, Indiana

41 1st Ave SW, Carmel, IN 46032

$1,495,000
0.2 acres
Active
ago
Est $11,163/mo

Amazing corner lot in the heart of Carmel's Arts & Design District, currently zoned C2, offering exceptional visibility and flexibility. The current owner originally envisioned a mixed-use development featuring first-floor retail with second- and third-floor residential, making this an ideal live/work opportunity. Surrounded by thriving local businesses, galleries, dining, and community activity, this site offers a rare chance to create something special in one of Carmel's most desirable and walkable locations. Prime positioning, strong zoning, and endless potential make this a standout opportunity for investors, developers, or owner-occupants alike.

Location

Street address
41 1st Ave SW
Community
Hamilton - Clay
School district
Carmel Clay Schools
Elevation
825 feet
Coordinates
39.9781, -86.1284

Property details

Lot size
0.2 acres8,712 sq ft
Zoning
C2
MLS #
MIBOR 22083007
Posted

Parcels

  • 290925163001000018

Legal description

Details and features

Listing

Type
Land
Subtype
Unimproved Land

Nearby schools

NameTypeDistrict
Carmel High SchoolHighCarmel Clay Schools

Listing history

DateEventPriceChangeSource
Feb 7, 2026New listing$1,495,000MIBOR
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This 0.2-acre property is located at 41 1st Ave SW in Carmel, IN 46032. The property is available for sale for $1,495,000.

Checked 2 hours ago — Updated

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