930-940 N Meridian St, Indianapolis, IN

Listing agent John Crisp Show Phone

Listing office Cushman & Wakefield | Indianapolis Show Phone

Listing date Dec 6, 2024

Source Moodyscre

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Overview

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.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.1598

Latitude

39.7545

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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.