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Costco Wholesale Corp. received approval on Tuesday from the Indiana Alcohol and Tobacco Commission for a beer, wine and liquor license for a potential store in Noblesville.
The Issaquah, Washington-based retailer wants to construct the store at the southwest corner of East 148th Street and North Pointe Boulevard—near the busy intersection of State Road 37 and 146th Street—according to the license application. Nearby businesses include Aspire Health Indiana, Index Corp. and Pickleman’s Gourmet Cafe.
The Hamilton County Alcoholic Beverage Commission approved Costco’s license application on Oct. 11. The application advanced to the state commission, which approved more than 70 other new applications Tuesday morning in Indianapolis.
A Costco spokesperson declined to provide information, saying the company does not comment on future warehouses until about two to three months in advance of opening. The company has not made any official filings with the city of Noblesville, according to a city spokesperson.
Costco has four stores in the metro area, with three in Indianapolis, at 4628 E. County Line Road, 6110 E. 86th St., and 9010 Michigan Road; and one store in Avon off U.S. 36 at 8816 Dr. Charles Nelson Drive.
Costco opened in 1976 under the Price Club name. The company now operates 839 stores worldwide, including 578 warehouse-style stores in the United States in 46 states.
To shop at the store, Costco customers must purchase annual memberships, which begin at $60.
The company employs about 304,000 full- and part-time workers and reported $222.7 billion in revenue for the 2022 fiscal year.
Costco’s warehouse-style stores range from 80,000 to 230,000 square feet, with the average store occupying 146,000 square feet, which is about the size of three NFL football fields without the end zones.
A Costco store would bring more competition for bulk retailing to Noblesville. Massachusetts-based B.J.’s Wholesale Club opened its first store in Indiana on Oct. 1 at 13210 Tegler Drive at Hamilton Town Center.
Another Costco competitor, Sam’s Club, has three local stores: 7235 E. 96th St. and 5805 Rockville Road in Indianapolis, and 1101 Windhorst Way in Greenwood. It also has stores in Bloomington, Columbus, Kokomo, Lafayette and Terre Haute.
Arkansas-based Sam’s Club, a division of Walmart Inc., operates approximately 600 locations in the U.S. and Puerto Rico with an average store size of 136,000.
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There’s no way their gonna have 2 stores so close together. Will probably close the Castleton store once this opens.
Why would they get a license if they weren’t doing it? That area is growing and would serve the northern areas.
This location would be roughly 12 miles from Castleton. The location at 86th and Michigan is only about 10 miles away from Castleton and both stores are always busy while not being very far from each other. I don’t imagine they would abandon Castleton and alienate a larger population to jump ship to Noblesville. I actively avoid the Castleton location due to how busy it is. This might make me actually return to the Castleton location instead of going to Michigan Road.
Agreed. I go to Michigan Road due to the crowds in Castleton. Was a reason I joined the BJ’s a few weeks ago. I would imagine this story will do very well and help split the crowds just like the Avon store for that side of town.
Now we need a Trader Joe’s in Hamilton County
I think TJ is much more likely to open up in Fort Wayne than anyewhere in the Indy metro.
Trader Joes opened a Fort Wayne location about 2 years ago. I suspect the next location would go in near Greenwood if anywhere, but most markets our size usually only have two Trader Joe’s.
According to the Castleton store, it is their busiest store in the Midwest. They obviously know what they’re doing