Medical Office
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For Sale
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9240 N Meridian St, Indianapolis, IN 46260
Established medical office asset with C1 Commercial zoning and access from North Meridian Street near Interstate 465.
Property Size49,279 SF
Price / SF$131.90
Days on Market6
Property Features for 9240 N Meridian St
General Information
Standard status
Active
Size
49,279 SF
Class
B
Property subtype
Office
Zoning
C1 - Commercial
Occupancy
92%
Lease Type
Gross
Net Operating Income
$480,527
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1978
Year Renovated
2019
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Colliers - Indianapolis, Indiana
Listed By:
Tim Norton · License #IN RB14025470
Source:
Crexi
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 8:31AM
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 - Indianapolis, Indiana
Investment Insights
Based on property information with market context.
This medical office property at 9240 N Meridian St. was constructed in 1978 and carries C1 - Commercial zoning. The building is positioned along North Meridian Street, a principal north-south route through Indianapolis, with Interstate 465 located just to the north.
The corridor records traffic counts exceeding 30,000 vehicles per day and includes IU Health, Ascension St. Vincent, Franciscan Health, specialty physician practices, surgery centers, and outpatient facilities. Approximately 182,000 residents live within a five-mile radius, while average household incomes in that area exceed $130,000. These surrounding healthcare and demographic characteristics provide relevant context for medical office users evaluating the property.
The corridor records traffic counts exceeding 30,000 vehicles per day and includes IU Health, Ascension St. Vincent, Franciscan Health, specialty physician practices, surgery centers, and outpatient facilities. Approximately 182,000 residents live within a five-mile radius, while average household incomes in that area exceed $130,000. These surrounding healthcare and demographic characteristics provide relevant context for medical office users evaluating the property.
Key Highlights
- Medical office property built in 1978
- C1 - Commercial zoning
- North Meridian Street location near Interstate 465
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,757
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46260, IN
34,188
Population
16,376
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.4 sq mi
ZIP Area
3,287
Density / Sq Mi
$70,642
Median Household Income
$38,682
Median Earnings
$1,080
Median Rent
$271,600
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office asset with C1 Commercial zoning and access from North Meridian Street near Interstate 465.
Where is this medical office space located?
The property is located at 9240 N Meridian St Indianapolis, IN.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Medical office property built in 1978; C1 - Commercial zoning; North Meridian Street location near Interstate 465
