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Property profile & analytics
OFF-MARKET
Specialty properties

217 Meridian St Lebanon, IN 46052

1,563 SF Built 1900
Property ID
Property summary
AI-generated overview

This exceptional property at 217 S Meridian St in Lebanon, Indiana, presents a rare opportunity in Boone County's vibrant downtown. Boasting 1,563 square feet of versatile flex space, this property is ideally suited for a variety of uses. The building, constructed in 1900, features two buildings and two stories, offering ample room for expansion or customization. The permitted zoning is DT District (commercial), allowing for diverse business ventures. The asking price is $189,000, translating to a price per square foot of $120.92. This represents a strong investment opportunity in a thriving market. The property's unique configuration allows for mixed-use potential, with the possibility of combining residential and commercial spaces. Alternatively, the entire property could be dedicated to a single business operation. Its central downtown location provides excellent visibility and accessibility, making it an attractive option for entrepreneurs and established businesses alike. The property's historical charm combined with its modern adaptability makes it a truly unique offering. Don't miss this chance to secure a piece of Lebanon's dynamic commercial landscape. The zip code is 46052.

Property profile
Verified
Property type Specialty properties
Year built 1900
Total area 1,563 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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