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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

8809 Meridian St Indianapolis, IN 46217

0.94 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 8809 S Meridian St in Indianapolis, Indiana, presents a unique investment opportunity. The 0.94-acre lot is zoned C1, permitting a variety of uses including professional office, medical office, daycare, and retail (excluding drive-thrus). The property boasts an existing single-story building that could be repurposed as office space or demolished to accommodate new construction, offering flexibility for diverse development plans. Situated on the north end of the main retail corridor on SR-135, this location benefits from high visibility and significant daily traffic volume, averaging 33,965 vehicles per day. Convenient curb cuts on South Meridian Street ensure easy access for customers and employees. The property's strategic location within a blend of residential and commercial areas provides immediate access to a substantial customer base. The Marion County parcel, APN 49-14-24-120-003.000-500, is offered at an asking price of $300,000. This is an ideal opportunity for businesses seeking a high-traffic, well-located site in a thriving Indianapolis neighborhood. The zip code is 46217.

Property profile
Verified
Property type Retail properties & Spaces
Lot 0.94 ac (40,946 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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