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. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

            2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

            3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

            4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

            5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...