Historic Three-Story Retail
For Sale
Contact for pricing
Pending
247 S Meridian St, Indianapolis, IN 46225
CBD2-zoned property with an unoccupied ground-floor area and updated building systems.
Property Size34,551 SF
Lot Size0.25 Acres
Days on Market143
Property Features for 247 S Meridian St
General Information
Standard status
Pending
Size
34,551 SF
Lot size
0.25 Acres
Property subtype
Retail
Zoning
CBD2
Occupancy
75%
Building Details
Year Renovated
2020
Buildings
1
Stories
3
Listing Agency:
eXp Commercial LLC
(502) 817-6484
Listed By:
Stephanie Gilezan · License #KY 199560
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Sep 1 at 4:30AM
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 eXp Commercial LLC
Investment Insights
Based on property information with market context.
The Rusch Building is a historic retail property originally constructed in 1867–1868 and renovated in 2020. The 34,551-square-foot structure contains three stories and a basement on 0.25 acre, with updated HVAC, electrical, plumbing, and roofing systems. The first floor is currently unoccupied, while the property is 75% leased overall.
Located at 247 S Meridian St in downtown Indianapolis, the building is near the Convention Center, Lucas Oil Stadium, Indianapolis Zoo, Miles Square, and Victory Field. The surrounding area includes hospitality, shopping, entertainment, and dining uses within a high-traffic pedestrian district.
Located at 247 S Meridian St in downtown Indianapolis, the building is near the Convention Center, Lucas Oil Stadium, Indianapolis Zoo, Miles Square, and Victory Field. The surrounding area includes hospitality, shopping, entertainment, and dining uses within a high-traffic pedestrian district.
Key Highlights
- 34,551 SF retail building on 0.25 acre
- Constructed in 1867–1868 and renovated in 2020
- Three stories plus basement
Property Analytics
Property Profile
Current Use
Lease Details
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,577
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
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - CBD2-zoned property with an unoccupied ground-floor area and updated building systems.
Where is this retail space located?
The property is located at 247 S Meridian St Indianapolis, IN.
What are key features of this property?
This property features: 34,551 SF retail building on 0.25 acre; Constructed in 1867–1868 and renovated in 2020; Three stories plus basement
