930-940 N Meridian St Indianapolis, IN
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Two-story building with drive-through and development opportunity.
Type:RETAIL
Property size:
14,038 SFLot size:
0.98 AcresPrice / SF:
$220/SF- Added:
- Dec 6, 2024
- Days on Market:
- 510
- Last Refresh:
- Apr 5 at 8:59 pm
Property Features for 930-940 N Meridian St
General Information
- Standard status
- Active
- Size
- 14,038 SF
- Lot size
- 0.98 Acres
- Property subtype
- RETAIL
Listing agent Rebecca Wells
Listing office Cushman & Wakefield | Indianapolis (317) 634-6363
Listing date Dec 6, 2024
Source Moodyscre
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 Cushman & Wakefield | Indianapolis
Overview
Two-Story Building on Meridian Street
Located on North Meridian Street in Indianapolis, Indiana, the property features a two-story masonry building with a bank drive-through. The building offers 14,038 rentable square feet on a 0.38-acre parcel, with an adjacent 0.50-acre buildable corner site. The KeyBank building, situated at 930 North Meridian, includes on-site parking. The building is in excellent condition and is 81% occupied by KeyBank and MSKTD & Associates under NNN leases. The remaining 19% of the first-floor retail space is available for lease. Originally constructed in 1980, the building underwent extensive renovations in 1996 and 2018. KeyBank recently renewed its lease for five years through February 25, 2030. The property presents upside potential through the lease-up of first-floor space, previously used for storage. It includes a rare two-lane drive-through in the CBD, with the potential to add another drive-through on the outparcel. The adjacent 0.50-acre parcel provides parking for 41 vehicles, with future development potential.
Location Intelligence
Current Use by Public Records
Banks
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1598
- Latitude
- 39.7545
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - Two-story building with drive-through and development opportunity.
Where is this bank located?
The property is located at 930-940 N Meridian St Indianapolis, IN.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: High‑traffic location with expansive frontage on North Meridian Street in Indianapolis.; NNN leases in place with KeyBank (recently renewed through 2030) and MSKTD & Associates, providing stable income.; Adjacent ±0.50‑acre buildable corner parcel offers future development potential.
