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    1800-1812 N Meridian St Indianapolis, IN 46202

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    For Sale
    $6,900,000

    Two office buildings, parking garage, and lot near IU Health.

    Property size:
    84,000 SF
    Lot size:
    0.65 Acres

    Property Features for 1800-1812 N Meridian St

    General Information

    Size
    84,000 SF
    Lot size
    0.65 Acres

    Source: Bradley Company - Corporate Agent Michael B. Drew

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

    Overview

    Office Buildings and Parking Assets

    This property features two office buildings, a parking garage, and a parking lot. The 1800 Building is a six-story, 72,000-square-foot Class B office building, which includes a basement with a conference center and lunchroom. The 1800 Building received a new roof and new air conditioners in 2023. The 1812 Building offers 12,000 square feet across two floors. The property is situated on the new Mass Transit System Red Line, with a shelter/stop located at the 1800 Building. It is within walking distance of IU Health Methodist Hospital and the $4.3 billion expansion of IU Health. The location offers easy access from Meridian and 18th Street. Hundreds of new apartments are under construction next door, across the street, and nearby. The property is located inside the North Meridian TIF District and a Qualified Opportunity Zone.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -86.1577293
    Latitude
    39.7908596

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    FAQs

    What type of property is this?
    Office building - Two office buildings, parking garage, and lot near IU Health.
    Where is this office building located?
    The property is located at 1800-1812 N Meridian St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: - Conveniently located on the New Mass Transit System Red Line with a Shelter/Stop at the 1800 Building.; - Walking distance to IU Health Methodist Hospital and its significant $4.3 Billion Dollar expansion.; - Features two office buildings: a 6-story 72,000 SF Class B office building (1800 Building) and a 12,000 SF two-story building (1812 Building).
    (317) 255-3900
    Request Owner's contact information
    1800-1812 N Meridian St Indianapolis, IN 46202
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    Indianapolis, IN 46202
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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
    1800-1812 N Meridian St Indianapolis, IN 46202
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