For sale: Former Shapiro's building in Carmel

August 8, 2013
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The Range Line Road building that housed Shapiro’s Delicatessen for more than a decade is for sale following the restaurant’s June closure.

The Carmel Redevelopment Commission issued a request for proposals from potential buyers this month. The minimum asking price: $2.1 million.

Shapiro’s built the 11,500-square-foot eatery at 918 S. Range Line Road in 2001, kicking off the Carmel City Center redevelopment project. But nearby development was slow to materialize, and the deli struggled to make ends meet.

The CRC bought Shapiro’s $2.5 million mortgage three years ago, and but financial woes forced the company to close the Carmel restaurant June 16. President Brian Shapiro handed over the keys and remaining ownership in the building about a week later.

Shapiro’s flagship deli in downtown Indianapolis remains open.

CRC President Bill Hammer said other restaurant operators have expressed interest in the property, which includes the brick building, limited land and surface parking rights.

Bids are due to the commission by Sept. 18. In addition to making an offer, would-be buyers must identify how they intend to use the building. It is zoned for office, retail and/or commercial use.

The minimum price is based on the average of two appraisals.

  • How about a Red Lobster?
    I wish the only local RL was not in Castleton. Maybe not fancy enough for Carmel, but I think it would be great!
    • How about something local
      Hello...let's get a local place to open up there, not some national chain. Let's have some high expectations of the place and location, shall we?
      • Not a good restaurant location
        Unfortunately the spot is just too isolated there. If it wasn't for the Shapiro's sign, I would have assumed that was a part of the government complex. Seems like a location for offices, not retail and restaurants. I hope Shapiro's eventually reopens somewhere else in Carmel. Foot traffic might not have been enough at that location, but their lunch catering orders always seemed to be doing well judging by the number of deliveries every day to offices in carmel. Maybe they can try a smaller space in that new retail development that is supposed to go up eventually off Spring Mill.
        • Not Surprised
          They should never have left their 86th & Township Line location to begin with.
          • Red Lobster
            Elaine, I know there is at least a Red Lobster on Shadeland Ave. and another on W. 38th St.
          • Location
            Don't understand comments regarding bad location. There is plenty of visibility at this location, as well as close parking. Other restaurants nearby appear to be doing well. Shapiro's prices were getting too high.
          • off Springmill?
            Personally, I think anyone opening a new local business in the bridges property, is a fool. With all of the 31 construction happening over the next few years, specifically between St Vincents and 96th street, the access to that location is going to be terrible. Remember what happened to all the businesses at 116th and Keystone while that construction was going on? Deja Vu.
          • To TD
            Agreed. However sometimes even smart business people make bad decisions. Personally, I always felt they were sold a bill of goods by the City. There is more to this than meets the eye. I'm afraid the same will happen to many of the retail and restaurant business in the City Center.
            • City Center doing fine!
              Have you been to City Center lately? hour waits at Matt the Miller, full house at Divvy, Yoga and spinning studios thriving, best gift / home store ever with Addendum, new outpost of chic 14 Districts, Bike Line is ALWAYS busy, Bath Junkies has 4 people working whipping up products!
            • Agreed
              I agree. A local resturaunt would be great. There are TOO MANY chains!

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            1. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

            2. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

            3. Out of state management and ownership. If Kite controlled it, everything would be leased. Of course, due to the roundabout, there is limited access to the south side of 116th now also. Just have to go down to the light.

            4. Hey smudge, You're opposed to arresting people for minor crimes? Sounds great! We should only focus on murders and such, right? Let's stand around and wait until someone shoots someone before we act. Whatever we do, we should never question anyone, frisk anyone, or arrest anyone unless they are actively engaged in shooting or stabbing. Very sound!

            5. You guys are being really rude to gays in the comments. (Not all of you, I presume). You need to stop it. Gays have just as much of a right to marry as straight people do. It's not fair how you guys are denying them equal rights. They're acting more human than you'll ever be. We obviously haven't matured since the bible was last updated. Hate the sin, not the sinner. You've all committed a sin at least once in your life. You've lied, you've stolen, etc. (Those are just possibilities). We should have a planet for people that support gay rights and a planet for people that don't. Then, gay people could get married without you bigots interfering with their love life. How would you feel if straights couldn't get married? How would you feel if teenagers were afraid to come out to their parents as straight? If straight people got hate everywhere they went? If straight people were afraid to go out in public, because they feared being judged? It's never going to happen at the rate society is going. You haven't seen the side of me where I act obscene. You're glad my inner demon hasn't been released. I would, but oh no, my comment would be removed because of my very strong emotions about this subject. I love gays, and love how they show their affection for each other. I just ADORE how a state is going to give same-sex couples a marriage license, then changes their mind. (I was obviously being sarcastic there). I just LOVE how society thinks gays are an abomination to our society. You're caring about marriage between two men or two women. That's a small thing. Just grow up, and let them marry. Let them live their lives. You can't make them change their sexuality. You can't make them change their lifestyle. In my opinion, gays are more than welcome to marry. Please, grow up and realize that people should be allowed to marry, even if it's same-sex marriage. You guys are saying that "the bible said gay marriage is wrong." Well, guess what else is wrong? Read Matthew:7 and you'll find out. (I am in no way breaking that. I am saying a fact). I'm stating that gays have just as much of a right to marry as straights do. (: