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Corner Land Zoned I-1 and B-1
For Sale
$250,000

1742 Meridian Street, Anderson, IN 46016

LAND - Anderson, IN

Property SizeContact for details
Lot Size1.68 Acres
Days on Market2803

Property Features for 1742 Meridian Street

General Information

Property type Land
Property subtype Other
Zoning I-1 & B-1
Subdivision No Subdivision
Elementary school district Anderson Community School Corp
Middle school district Anderson Community School Corp
High school district Anderson Community School Corp
Directions NE corner of 19th and Meridian Streets
Standard status Active
APN 481113103061000003
Lot size 1.68 Acres

Taxes and HOA fees

Tax Year 2018
Tax Description HICKEYS 0.0000ACRES STR: 00000 SECTION: PLAT: 00 IN: OUT:
Legal Description HICKEYS 0.0000ACRES STR: 00000 SECTION: PLAT: 00 IN: OUT:

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Listing Agency: RE/MAX Real Estate Solutions · RE/MAX International
Listed By: Jim Bittner · License #RB14043091
Added: Dec 10, 2018 Changed: Jun 16 Last Checked: Aug 12 at 11:06PM
MLS# 21610900

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This is a two-parcel commercial corner site totaling approximately 1.683 acres, with zoning split between I-1 and B-1. The north parcel is zoned I-1 and was previously used for a racing shop and gas station. The south parcel is zoned B-1 and was previously the site of a PayLess Supermarket. The south parcel also had a natural gas well that dried up more than a century ago.

The property is located at the NE corner of 19th and Meridian. Ascension/St Johns Medical Center campus is across the street to the southwest, providing nearby institutional context. The seller will consider dividing the parcels.

For buyers and operators, the site’s dual zoning can support planning across industrial and retail/commercial categories, depending on the intended use. The availability of a split configuration may also be useful for users who want to align their operating needs with either the I-1 or B-1 portion while retaining flexibility around the overall assemblage.

Key Highlights

  • Commercial corner at the NE corner of 19th and Meridian
  • North parcel zoned I‑1 (former racing shop and gas station site)
  • South parcel zoned B‑1 (former PayLess Supermarket site)

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Storage Facility Spa & Massage Center Electrical Service

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

Location Intelligence

Trade Area within ½ mile

840
Businesses Nearby

Demographics for 46016, IN

17,686
Population
9,225
Households
1.9
Avg Household Size
36
Median Age
10%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
2,763
Density / Sq Mi
$35,543
Median Household Income
$28,753
Median Earnings
$864
Median Rent
$66,100
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Two-parcel corner site in Anderson zoned I-1 and B-1, with existing development history and option to divide.
Where is this commercial land located?
The property is located at 1742 Meridian Street Anderson, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Commercial corner at the NE corner of 19th and Meridian; North parcel zoned I‑1 (former racing shop and gas station site); South parcel zoned B‑1 (former PayLess Supermarket site)
More about this property
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