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    7555 Meridian St Indianapolis, IN 46217

    Sponsored
    For Sale
    $950,000

    1.36 Acres, Prime Southside Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.36-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Strategically located on the south side in Perry Township, this property boasts high visibility and accessibility. The site is situated at the corner of South Meridian Street and Griffin Road, benefiting from exposure to over 30,000 vehicles daily. This high-traffic location ensures maximum brand visibility and potential for significant customer reach. The property consists of two parcels, totaling 1.36 acres, and is zoned C-3, offering flexibility for a wide range of commercial developments. Its proximity to downtown Indianapolis (minutes away) and the densely populated area surrounding Perry Meridian Middle and High School makes it an attractive location for businesses seeking a strong customer base. The asking price for this prime commercial land is $950,000. This presents a compelling opportunity to acquire a highly visible and accessible property in a thriving Indianapolis neighborhood. The address is 7555 S Meridian St, Indianapolis, IN 46217, within Marion County. Detailed zoning information and development possibilities are available upon request.

    Property Features for 7555 Meridian St

    General Information

    Property type
    Land

    HighLights

    • 1.36‑acre commercial land parcel with two parcels in Perry Township, Indianapolis.
    • C‑3 zoning allows for diverse commercial development.
    • High‑traffic corner location (S. Meridian St & Griffin Rd) with over 30,000 vehicles daily.
    • Minutes from downtown Indianapolis, near Perry Meridian Middle & High School, in a densely populated area.
    • $950,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Clothing Store Gym & Fitness Skin Care Clinic Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.157794
    Latitude
    39.656301

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    FAQs

    What type of property is this?
    Land - 1.36 Acres, Prime Southside Location
    Where is this land located?
    The property is located at 7555 Meridian St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 1.36-acre commercial land parcel with two parcels in Perry Township, Indianapolis.; C-3 zoning allows for diverse commercial development.; High-traffic corner location (S. Meridian St & Griffin Rd) with over 30,000 vehicles daily.
    Request Owner's contact information
    7555 Meridian St Indianapolis, IN 46217
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    Indianapolis, IN 46217
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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
    7555 Meridian St Indianapolis, IN 46217
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