Street-Level Mixed-Use Commercial
New
For Lease
$28 SF/Yr
1202 S Meridian Street, Indianapolis, IN 46225
Commercial Lease, Indianapolis, IN
Space Size2,022 SF
Lot Size1.12 Acres
Days on Market2
Property Features for 1202 S Meridian Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Property condition
Under Construction
Zoning
MU2
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4910 - Marion - Center
Standard status
Active
APN
491114103007000101
Lot size
1.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Langenberg S Subdivision L1-5 & L9
Tax Annual Amount
21462
Legal Description
Langenberg S Subdivision L1-5 & L9
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Jeffrey Allen
(812) 734-6048
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:06PM
MLS# 22134005
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Street-level commercial space is available within a mixed-use development that is under construction. The planned project includes 105 residential apartment units, and the property is zoned MU2. Forced-air heating and central air conditioning are specified for the space.
The property is at 1202 S Meridian Street in Indianapolis, with access to Downtown Indianapolis and Fountain Square. Eli Lilly’s corporate headquarters and nearby employment centers are also identified in the surrounding area. Proposed business categories include professional and financial services, personal care and wellness, boutique fitness, specialty retail, and technology services.
The property is at 1202 S Meridian Street in Indianapolis, with access to Downtown Indianapolis and Fountain Square. Eli Lilly’s corporate headquarters and nearby employment centers are also identified in the surrounding area. Proposed business categories include professional and financial services, personal care and wellness, boutique fitness, specialty retail, and technology services.
Key Highlights
- Street‑level commercial space in a mixed‑use development
- Planned development includes 105 residential apartment units
- MU2 zoning
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 46225, IN
6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value
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Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Mixed-use property - The space is part of a planned development that includes residential apartments.
Where is this mixed-use property located?
The property is located at 1202 S Meridian Street Indianapolis, IN.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Street‑level commercial space in a mixed‑use development; Planned development includes 105 residential apartment units; MU2 zoning
