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Parkwood Land Portfolio 4 Land Properties in Multiple Locations
INVESTMENT HIGHLIGHTS
- Positioned along I-465 with exceptional visibility and access
- Four distinct zones allow for phased or targeted development
- Includes income-producing residential units with redevelopment potential
- Flexible zoning supports office, medical, residential, and multifamily uses
- Adjacent to Parkwood Office Park and near major employers
- Located in Carmel, one of Indiana’s top-ranked investment markets
EXECUTIVE SUMMARY
Colliers presents a rare opportunity to acquire up to 60.94 acres of prime development land in Carmel, Indiana—one of the state’s most sought-after residential and commercial markets. The Parkwood Land Portfolio is strategically located adjacent to the Parkwood Office Park and offers a mix of farmland, commercial parcels, and income-producing residential properties. With flexible zoning already in place, the site supports a wide range of development strategies including medical, office, multifamily, and residential uses.
Divided into four distinct zones, the portfolio allows for scalable investment—buyers may acquire the entire tract or select individual zones tailored to specific goals. Zone 1 surrounds the Parkwood West office building and is ideal for office or mixed-use expansion. Zone 2 offers high-visibility frontage on Meridian Street (US-31) and immediate access to I-465, making it perfect for build-to-suit commercial development. Zone 3, the largest contiguous parcel, is suited for luxury residential or senior living concepts. Zone 4 includes nine leased homes with near-term expirations, providing immediate cash flow and redevelopment potential.
The property benefits from superior ingress/egress via Springmill Road, 96th Street, and Meridian Street, and is surrounded by upscale neighborhoods, major employers, and healthcare institutions. Carmel consistently ranks among Indiana’s top places to live and invest, making this portfolio a compelling land play with long-term upside.
Divided into four distinct zones, the portfolio allows for scalable investment—buyers may acquire the entire tract or select individual zones tailored to specific goals. Zone 1 surrounds the Parkwood West office building and is ideal for office or mixed-use expansion. Zone 2 offers high-visibility frontage on Meridian Street (US-31) and immediate access to I-465, making it perfect for build-to-suit commercial development. Zone 3, the largest contiguous parcel, is suited for luxury residential or senior living concepts. Zone 4 includes nine leased homes with near-term expirations, providing immediate cash flow and redevelopment potential.
The property benefits from superior ingress/egress via Springmill Road, 96th Street, and Meridian Street, and is surrounded by upscale neighborhoods, major employers, and healthcare institutions. Carmel consistently ranks among Indiana’s top places to live and invest, making this portfolio a compelling land play with long-term upside.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 60.94 AC |
| Number of Properties | 4 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Land Area | 60.94 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
|
Zone 4
9651 Copley Dr, Carmel, IN 46290 |
Land | 11.97 AC | - |
|
Zone 2
9889 N Meridian St, Carmel, IN 46280 |
Land | 11.41 AC | - |
|
Zone 1
W 96th St & Meridian St, Indianapolis, IN 46260 |
Land | 22.83 AC | - |
|
Zone 3
0 Meridian St, Indianapolis, IN 46290 |
Land | 14.73 AC | - |
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