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    St & Meridian St Indianapolis, IN 46225

    For Sale
    $13,200,000

    Prime Commercial Land, 61,999 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 61,999 square foot commercial land parcel presents a remarkable investment opportunity in the heart of Indianapolis, Indiana. Located at the intersection of South Street and Meridian Street, this CBD-2 zoned property enjoys an unparalleled location, just south of Union Station and a short two-block walk from Lucas Oil Stadium. The site's strategic position benefits from a substantial daytime population, with major employers such as Eli Lilly, Anthem, and Rolls Royce headquarters all within easy walking distance. This prime location offers significant potential for a mixed-use development, incorporating retail, hotel, and residential components. The asking price for this highly desirable development site is $13,200,000. The property's address is South St & Meridian St, Indianapolis, IN 46225. Its geographic coordinates are latitude 39.761452 and longitude -86.1583139. The property is zoned CBD-2, allowing for a wide range of development possibilities. This is a rare opportunity to acquire a large, strategically located parcel in a thriving urban core. Don't miss this chance to capitalize on the significant growth potential of this exceptional Indianapolis property. Broker co-op is available.

    Property Features for 0 St & Meridian St

    General Information

    Property type
    Land

    HighLights

    • $13,200,000 asking price.
    • 61,999 SF commercial land parcel.
    • CBD‑2 zoning.
    • Located at South St & Meridian St, Indianapolis, IN 46225.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indianapolis
    County
    IN
    State
    Indiana
    Longitude
    -86.1583139
    Latitude
    39.761452

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, 61,999 SF
    Where is this land located?
    The property is located at St & Meridian St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $13,200,000.
    What are key features of this property?
    This property features: $13,200,000 asking price.; 61,999 SF commercial land parcel.; CBD-2 zoning.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    St & Meridian St Indianapolis, IN 46225
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