1800 Meridian St Indianapolis, IN 46202

Property Details for 1800 Meridian St

Year built

1950

Lot size

1.57 lot acres

Property size

12,000 SF

Property type

Medical offices

Property subtype

Office Properties & Spaces

Description

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.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Longitude

-86.1578

Latitude

39.7909