1800 Meridian St Indianapolis, IN 46202

This exceptional value-add investment opportunity encompasses two buildings totaling 84,000 square feet situated on a 1.57-acre lot in Indianapolis, Indiana. The property, located at 1800 & 1812 N Meridian Street, features a six-story, 72,000 square foot building (1800) and a two-story, 12,000 square foot building (1812), both with significant recent upgrades. Building 1800 boasts a new roof and new air conditioning installed in 2023, along with a lower-level conference center and kitchen. The property includes a parking garage and additional parking lot. The buildings are zoned C-4, offering versatile usage options. This prime location benefits from excellent access to Meridian and 18th Streets, and is conveniently situated on the Red Line Mass Transit route, with a stop directly at the 1800 building. The surrounding area is experiencing significant development, including a $4.3 billion IU Health Hospital expansion, a $65 million mixed-use development across the street, and two large apartment complexes (240 and 279 units) under construction nearby. The property is located within the North Meridian TIF District and a Qualified Opportunity Zone, presenting additional investment incentives. Both buildings and the parking facilities must be purchased together for an asking price of $6,900,000. Built in 1950, this property presents a unique chance to capitalize on a thriving Indianapolis neighborhood.