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    2137 S Meridian St Indianapolis, IN 46225

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    For Sale
    $395,000

    Excellent property near downtown with a liquor license included.

    Property size:
    3,868 SF
    Lot size:
    0.32 Acres

    Property Features for 2137 S Meridian St

    General Information

    Size
    3,868 SF
    Lot size
    0.32 Acres

    Source: Bradley Company - Corporate Agent Matt Witsken

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

    Overview

    Downtown Indianapolis Property with License

    This property, located near downtown Indianapolis, consists of three parcels and includes a 3-way liquor license. The property is suitable for investment, owner-user occupancy, or redevelopment, with the potential for a larger mixed-use assemblage. Traffic counts in the area are approximately 10,000 ADT. The property size is 3,868 square feet. All furniture, fixtures, and equipment (FF&E) are included in the sale, with the exception of the billiards table and Touch Tunes machine, which may be negotiable.
    Insight Report Location Intelligence

    Current Use by Public Records

    Red's Corner Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Barringers Tavern (re-established 2019), Cross Ultra Lounge, Poured to Perfection, Whiskey & Rhythm, Duke’s Indy

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.158727
    Latitude
    39.737703

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    FAQs

    What type of property is this?
    Bar - Excellent property near downtown with a liquor license included.
    Where is this bar located?
    The property is located at 2137 S Meridian St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Includes a valuable 3-way liquor license.; - Excellent location near Downtown Indianapolis.; - Ideal for investment, owner-user, or redevelopment.
    (239) 821-4347
    Request Owner's contact information
    2137 S Meridian St Indianapolis, IN 46225
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    Indianapolis, IN 46225
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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
    2137 S Meridian St Indianapolis, IN 46225
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