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Remodeled Office Building with Signage
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3951 N Meridian St, Indianapolis, IN 46208

Remodeled office building with updated roof, parking lot, and eco-friendly fixtures, offering high street visibility.

Property Size5,000 SF
Days on Market926

Property Features for 3951 N Meridian St

General Information

Standard status Active
Size 5,000 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Opportunity Zone Yes
Highway Access Yes
Listing Agency: Alo Property Group
Listed By: Michael Short · License #RB19001581
Source: Moodyscre
Added: Jan 16, 2024 Changed: Jul 28 Last Checked: Jul 29 at 3:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alo Property Group

Investment Insights

Based on property information with market context.

This office building offers a newly remodeled interior along with updated bathrooms. The improvements also include a new roof, parking lot work, and the addition of eco-friendly fixtures.

Positioned for visibility on Meridian Street with signage, the property is close to downtown and Interstate 65. It is also located in an opportunity zone, and sits across the street from the redevelopment of Tarkington Park.

For tenants seeking a turnkey, refreshed office environment with prominent street presence, this building provides a maintained exterior and recent interior upgrades designed for everyday operations.

Key Highlights

  • Newly remodeled interior including bathrooms, roof, parking lot, and addition of eco‑friendly fixtures
  • High visibility on Meridian Street with signage
  • Opportunity zone location

Property Analytics

Current Use

Library of War Historical Society Jeff Kolp - State ... Insurance Agency Charles W. Clark Marketing & Advertising Meridian Hanna Citgo Gas Station Hoosier Environmental Council Charitable Organization

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Real Estate Agency Daycare Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

655
Businesses Nearby

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Remodeled office building with updated roof, parking lot, and eco-friendly fixtures, offering high street visibility.
Where is this office building located?
The property is located at 3951 N Meridian St Indianapolis, IN.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Newly remodeled interior including bathrooms, roof, parking lot, and addition of eco‑friendly fixtures; High visibility on Meridian Street with signage; Opportunity zone location
(317) 800-4664 Call to check price and availability
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