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Property profile

8704 Meridian St Indianapolis, IN 46260

OFF-MARKET
Office Spaces
View Sample
7,836 SF Built 1991

Property summary

AI-generated overview

This 7,836-square-foot medical office building in Indianapolis, Indiana, presents a unique investment opportunity. Located at 8704 N Meridian St, in the Meridian Corridor submarket of Marion County, this single-tenant property sits on a 0.69-acre lot. Built in 1991, the building boasts excellent visibility from Meridian Street, benefiting from high daily traffic volume (30,939 vehicles per day) at a nearby intersection and convenient interstate access within two miles. The property is zoned commercial and features a comprehensive build-out ideal for medical practices. The interior includes a reception area, waiting room, two offices, two procedure rooms, six exam rooms, a recovery area, break room, laboratory, two storage rooms, five restrooms, a janitorial room, a nurse's station/medical support space, and staff areas. Additional space is available in the attic, accessible via stairs, encompassing another break room, substantial storage, a mechanical room, an electrical room, and a restroom. The property is currently vacant, offering immediate occupancy for a new tenant or owner-user. This prime Northside location makes this a highly desirable asset for medical professionals seeking a well-equipped and conveniently located facility. The property's size, amenities, and location combine to create a compelling opportunity in a thriving market.

Property profile

Verified
Property type Office Spaces
Year built 1991
Total area 7,836 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Ophthalmologist
  • Physician Medical Clinic
  • Clothing Store

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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