Property summary
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
VerifiedCap rate & NOI
Current use
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Ophthalmologist
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Physician Medical Clinic
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Clothing Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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