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    231-235 S Meridian St Indianapolis, IN 46225

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    For Sale
    Contact for pricing

    Exceptional opportunity near major developments, sports venues, and entertainment.

    Property size:
    39,195 SF
    Lot size:
    0.30 Acres

    Property Features for 231-235 S Meridian St

    General Information

    Size
    39,195 SF
    Lot size
    0.30 Acres

    Source: Alo Property Group Agent Gary Perel

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

    Overview

    Downtown Indianapolis Adaptive Reuse Opportunity

    This property presents an exceptional adaptive reuse opportunity in downtown Indianapolis. Its prime location is near significant developments such as the Shinola Hotel, Live Nation Concert Venue, and Circle Center Mall Redevelopment. The area benefits from a substantial $9.5 billion investment pipeline in Indianapolis’ Central Business District. Situated steps away from Lucas Oil Stadium and Gainbridge Fieldhouse, the property is surrounded by a vibrant atmosphere with over 400 restaurants and bars, along with more than 100 entertainment attractions. The 39195-square-foot property offers versatile potential uses, including hospitality, entertainment, retail, or office spaces.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1579777
    Latitude
    39.7634396

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    FAQs

    What type of property is this?
    Retail property - Exceptional opportunity near major developments, sports venues, and entertainment.
    Where is this retail property located?
    The property is located at 231-235 S Meridian St Indianapolis, IN.
    What are key features of this property?
    This property features: - Prime downtown Indianapolis location near major developments.; - Exceptional adaptive reuse opportunity.; - $9.5 billion investment pipeline in Indianapolis’ Central Business District.
    (317) 698-8446
    Request Owner's contact information
    231-235 S Meridian St 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
    231-235 S Meridian St Indianapolis, IN 46225
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