Mixed-Use Flex and Office
1330 N Meridian St Indianapolis, IN 46202
1330 N Meridian St, Indianapolis, IN, 46202
Contact for pricing
For Sale
Contact for pricing
Multi-building site with main office building, flex/storage building, and surface parking, adjacent to IU Health Methodist Hospital.
Property Size64,300 SF
Lot Size2.44 Acres
Price / SF$93.31
Days on Market16
Property Features for 1330 N Meridian St
General Information
- Standard status
- Active
- Size
- 64,300 SF
- Lot size
- 2.44 Acres
- Property subtype
- OFFICE
Listing agency
Colliers
(317) 507-8591
Listed by
Rich Forslund · License #RB14046182
(317) 507-8591
Source
Moodyscre
Added: Jul 8 Updated: Jul 22 at 9:43PM Checked: Jul 22 at 9:43PM
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 Colliers
Investment Insights
Based on property information with market context.
The sale offering includes multiple connected parcels totaling approximately 2.44 acres, featuring a main building of about 60,300 square feet at 1330 N Meridian St. The package also includes a surface parking and storage/flex building of approximately 4,000 square feet covering 1307–1329 N Illinois St, along with additional surface parking at 1349–1351 N Illinois St.
The site benefits from prominent Meridian St and Illinois St frontage with strong visibility and signage opportunities. It is adjacent to the IU Health Methodist Hospital campus and provides dedicated, complimentary surface parking for approximately 110 vehicles. The property is positioned for convenient access to I-65, I-70, and Downtown Indianapolis amenities.
Zoned C-3, this configuration may support office, medical, educational, nonprofit, or redevelopment uses, subject to applicable approvals.
The site benefits from prominent Meridian St and Illinois St frontage with strong visibility and signage opportunities. It is adjacent to the IU Health Methodist Hospital campus and provides dedicated, complimentary surface parking for approximately 110 vehicles. The property is positioned for convenient access to I-65, I-70, and Downtown Indianapolis amenities.
Zoned C-3, this configuration may support office, medical, educational, nonprofit, or redevelopment uses, subject to applicable approvals.
Key Highlights
- Multi‑building site on N Meridian St and N Illinois St, totaling ±2.44 acres
- Main building at 1330 N Meridian St offers ±60,300 USF
- 1307–1329 N Illinois St includes surface parking and a flex/storage building with ±4,000 USF
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $501.5k | $7.80 |
| − Vacancy | −$43.6k | −$0.68 |
| EGI | $457.9k | $7.12 |
| − OpEx | −$137.4k | −$2.14 |
| NOI | $320.5k | $4.98 |
64,300 SF · lease $7.80/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$12.13M
$10.61M – $14.15M
NOI $848,953 @ 7.0% cap · market cap 14.15%
Second Best
Flex RnD
$9.03M
$7.90M – $10.53M
NOI $631,940 @ 7.0% cap · market cap 10.53%
Theoretical Best
Office A
$16.01M
$14.00M – $18.67M
NOI $1,120,363 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
WRTV-TV (Channel 6 ...
Television Studio
Sanchez Rafael A
Law Firm
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FAQs
What type of property is this?
Office building - Multi-building site with main office building, flex/storage building, and surface parking, adjacent to IU Health Methodist Hospital.
Where is this office building located?
The property is located at 1330 N Meridian St Indianapolis, IN.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Multi‑building site on N Meridian St and N Illinois St, totaling ±2.44 acres; Main building at 1330 N Meridian St offers ±60,300 USF; 1307–1329 N Illinois St includes surface parking and a flex/storage building with ±4,000 USF
