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    930-940 N Meridian St Indianapolis, IN 46204

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    For Sale
    $3,100,000

    Two-story building with drive-through and development opportunity.

    Property size:
    14,038 SF
    Lot size:
    0.98 Acres

    Property Features for 930-940 N Meridian St

    General Information

    Size
    14,038 SF
    Lot size
    0.98 Acres

    Source: Cushman & Wakefield | Indianapolis Agent Rebecca Wells

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Building on Meridian Street

    Located on North Meridian Street in Indianapolis, Indiana, the property features a two-story masonry building with a bank drive-through. The building offers 14,038 rentable square feet on a 0.38-acre parcel, with an adjacent 0.50-acre buildable corner site. The KeyBank building, situated at 930 North Meridian, includes on-site parking. The building is in excellent condition and is 81% occupied by KeyBank and MSKTD & Associates under NNN leases. The remaining 19% of the first-floor retail space is available for lease. Originally constructed in 1980, the building underwent extensive renovations in 1996 and 2018. KeyBank recently renewed its lease for five years through February 25, 2030. The property presents upside potential through the lease-up of first-floor space, previously used for storage. It includes a rare two-lane drive-through in the CBD, with the potential to add another drive-through on the outparcel. The adjacent 0.50-acre parcel provides parking for 41 vehicles, with future development potential.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1597509
    Latitude
    39.7545291

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    FAQs

    What type of property is this?
    Bank - Two-story building with drive-through and development opportunity.
    Where is this bank located?
    The property is located at 930-940 N Meridian St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - High-traffic location with expansive frontage on North Meridian Street in Indianapolis.; - NNN leases in place with KeyBank (recently renewed through 2030) and MSKTD & Associates, providing stable income.; - Adjacent ±0.50-acre buildable corner parcel offers future development potential.
    (317) 634-6363
    Request Owner's contact information
    930-940 N Meridian St Indianapolis, IN 46204
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    Indianapolis, IN 46204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    930-940 N Meridian St Indianapolis, IN 46204
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