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Property profile

0 St & Meridian St Indianapolis, IN 46225

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 61,999 square foot commercial land parcel presents a remarkable investment opportunity in the heart of Indianapolis, Indiana. Located at the intersection of South Street and Meridian Street, this CBD-2 zoned property enjoys an unparalleled location, just south of Union Station and a short two-block walk from Lucas Oil Stadium. The site's strategic position benefits from a substantial daytime population, with major employers such as Eli Lilly, Anthem, and Rolls Royce headquarters all within easy walking distance. This prime location offers significant potential for a mixed-use development, incorporating retail, hotel, and residential components. The asking price for this highly desirable development site is $13,200,000. The property's address is South St & Meridian St, Indianapolis, IN 46225. Its geographic coordinates are latitude 39.761452 and longitude -86.1583139. The property is zoned CBD-2, allowing for a wide range of development possibilities. This is a rare opportunity to acquire a large, strategically located parcel in a thriving urban core. Don't miss this chance to capitalize on the significant growth potential of this exceptional Indianapolis property. Broker co-op is available.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

St & Meridian St Indianapolis, IN 46225
Indianapolis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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