Zoned Retail and Office
8007 S Meridian St Indianapolis, IN 46217
8007 S Meridian St, Indianapolis, IN, 46217
Contact for pricing
For Sale
Contact for pricing
1973 building on a 0.29-acre lot with ample on-site parking and C-1 zoning.
Property Size3,135 SF
Lot Size0.29 Acres
Price / SF$191.39
Days on Market132
Property Features for 8007 S Meridian St
General Information
- Standard status
- Active
- Size
- 3,135 SF
- Lot size
- 0.29 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1973
Listing agency
Avison Young - Indianapolis
(317) 210-8811
Listed by
Peter Seoane · License #IN RB15000975
Source
Crexi
Added: Mar 13 Updated: Jul 22 at 5:05PM Checked: Jul 22 at 5:05PM
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 Avison Young - Indianapolis
Investment Insights
Based on property information with market context.
This 3,135± square foot commercial building was built in 1973 and sits on a 0.29-acre lot. The property is zoned C-1 and includes ample parking intended for convenient, close-to-the-door access.
The building is approximately a seven-minute drive from Community Hospital South. Average daily traffic is listed at 30,698 vehicles (2024), and the property is located adjacent to Perry Meridian’s Middle and High School.
For-sale presentation includes the existing building size and zoning configuration for retail and office use considerations under C-1.
The building is approximately a seven-minute drive from Community Hospital South. Average daily traffic is listed at 30,698 vehicles (2024), and the property is located adjacent to Perry Meridian’s Middle and High School.
For-sale presentation includes the existing building size and zoning configuration for retail and office use considerations under C-1.
Key Highlights
- 3,135± SF building on a 0.29‑acre lot
- Built in 1973
- C‑1 zoning
Local Financial Insights For Office B
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 | $67.7k | $21.60 |
| − Vacancy | −$12.5k | −$4.00 |
| EGI | $55.2k | $17.60 |
| − OpEx | −$13.8k | −$4.40 |
| NOI | $41.4k | $13.20 |
3,135 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$591.3K
$517.4K – $689.9K
NOI $41,391 @ 7.0% cap · market cap 6.90%
Second Best
Retail
$481.9K
$421.7K – $562.2K
NOI $33,734 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$780.3K
$682.8K – $910.4K
NOI $54,624 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Steckbeck Family Dentistry
Dental Office
Schreckengast & Helm
Law Firm
Anesthesia Patient Safety
Medical Clinic
Leo IT Services ...
IT Consulting Firm
Santis Environmental
Environmental Consultant
Similar For Sale Nearby
Similar Off Market Nearby
- Del Rio Flower Shop — 2104 S Delaware St, Indianapolis, IN 46227
FAQs
What type of property is this?
Storefront property - 1973 building on a 0.29-acre lot with ample on-site parking and C-1 zoning.
Where is this storefront property located?
The property is located at 8007 S Meridian St Indianapolis, IN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,135± SF building on a 0.29‑acre lot; Built in 1973; C‑1 zoning
