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Two-Story Flex Space
New
For Lease
$1,750/Mo

219 S Meridian Street, Lebanon, IN 46052

Commercial Lease, Lebanon, IN

Space Size3,600 SF
Lot Size0.17 Acres
Days on Market4

Property Features for 219 S Meridian Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning DT
Parking features RV, Tandem, Garage, Assigned, Alley, Open
Middle school Lebanon Middle School
High school Lebanon Senior High School
Elementary school district Lebanon Community School Corp
Middle school district Lebanon Community School Corp
High school district Lebanon Community School Corp
Directions GPS Friendly
Subdivision 607 - Boone - Center
Standard status Active
APN 061131021164000002
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Sp & Mc L Addition Blk 21 Lot 6
Tax Annual Amount 1036
Legal Description Sp & Mc L Addition Blk 21 Lot 6

Utilities

Utilities Natural Gas Available
Heating system Baseboard

Building Details

Year built 1900
Floors in Building 2
Roof type Asphalt
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Jordan Moody · License #RB15001355
Added: Sep 28 Last Checked: Oct 1 at 7:06PM
MLS# 22127797

Copyright © 2026 Broker Listing Cooperative®. 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 two-level, all-brick flex property contains 3,600 square feet, divided evenly between the main floor and upper level. The ground floor combines an office or meeting room near the side entrance with open workshop and warehouse areas. A full bathroom and another office are located upstairs, along with additional open space. Baseboard heaters are planned for the office and bathroom areas before the lease begins.

Loading access includes a 9-foot-6-inch-square sliding door opening to the east alley and a north-facing overhead door measuring 8 feet 2 inches by 9 feet 6 inches. The property also has multiple interior parking options and one assigned exterior space beside the glass entry. DT zoning permits a range of uses, including retail service and repair, parking, and office space.

Key Highlights

  • 3,600 square feet across two floors, with 1,800 square feet on each level
  • Brick construction; built in 1900
  • East alley access through a 9' 6" x 9' 6" sliding door

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Kitchen & Bath Showroom Skin Care Clinic

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

1
Drive-in doors
NNN (Triple Net)
Lease Type
$0.87 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

657
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46052, IN

22,783
Population
9,935
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
177.6 sq mi
ZIP Area
128
Density / Sq Mi
$66,828
Median Household Income
$43,933
Median Earnings
$911
Median Rent
$200,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Similar Off Market Nearby

  • Lisa's Cakes & Catering — 836 Indianapolis Ave, Lebanon, IN 46052

Frequently Asked Questions

What type of property is this?
Flex space - Downtown zoning accommodates service, retail, and office uses, with open areas suited to workshop or storage functions.
Where is this flex space located?
The property is located at 219 S Meridian Street Lebanon, IN.
What is the lease rate?
The lease rate is $1,750/Mo.
What are key features of this property?
This property features: 3,600 square feet across two floors, with 1,800 square feet on each level; Brick construction; built in 1900; East alley access through a 9' 6" x 9' 6" sliding door
More about this property
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