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Remodeled Office Units
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3951 N Meridian St, Indianapolis, IN 46208

Updated office space with signage and proximity to downtown and Interstate 65.

Property Size2,566 SF
Days on Market744

Property Features for 3951 N Meridian St

General Information

Standard status Active
Size 2,566 SF
Property subtype OFFICE
Lease Type SF/yr

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Opportunity Zone Yes
Listing Agency: Alo Property Group
Listed By: Michael Short · License #RB19001581
Source: Moodyscre
Added: Jul 19, 2024 Changed: Jul 31 Last Checked: Jul 31 at 11:18AM

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 2,566-square-foot office property features a newly remodeled interior, bathrooms, roof, parking lot, and addition. Eco-friendly fixtures have also been added, providing updated finishes and improvements throughout the property.

The property offers high visibility on Meridian Street with signage and is located near downtown and Interstate 65. It is situated in an opportunity zone and across the street from the Tarkington Park redevelopment.

Key Highlights

  • 2,566 square feet of office space
  • Newly remodeled interior, bathrooms, roof, parking lot, and addition
  • Eco‑friendly fixtures included

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
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.78 /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

Lease Benchmarks for Indianapolis, IN

$21.07 /SF/Yr
Avg Asking Price
$10–$95.52 /SF/Yr
Price Range
6,646 SF
Avg Space Size

This space is priced 12% below the average of $21.07 /SF/Yr.

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 units - Updated office space with signage and proximity to downtown and Interstate 65.
Where is this office units located?
The property is located at 3951 N Meridian St Indianapolis, IN.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: 2,566 square feet of office space; Newly remodeled interior, bathrooms, roof, parking lot, and addition; Eco‑friendly fixtures included
(317) 800-4664 Call to check price and availability
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