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Rare redevelopment opportunity in the heart of downtown Carmel! Create a custom luxury residence just moments from the Carmel Arts & Design District, Main Street, Midtown Plaza, the Monon Trail, local restaurants, coffee shops, concerts and year-round community events. This 0.15-acre property offers the increasingly rare combination of an established neighborhood setting and walkable access to some of Carmel's most popular destinations. Surrounded by impressive new construction and ongoing redevelopment, the property is being marketed primarily for its land value and future potential. Bring your own builder and vision, or use the available conceptual plans, renderings and architectural drawings as a starting point for a substantial two-story residence with a basement and attached garage. Few opportunities offer this level of flexibility in such a highly sought-after downtown location. Renderings depict a proposed residence for illustrative purposes only; new construction is not included in the list price.

Property Details of 120 3rd Street NW

Property Details

Interior Features

Utilities and Appliances

Community

Other Details

Listed by Alexander Kovacs of eXp Realty,LLC (alex@livindyrealty.com)

Map Location

Driving Directions

 Based on information submitted to MIBOR as of November 6, 2026 8:35 AM EST . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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