8710 Meridian StIndianapolis, IN 46260

Property Details for 8710 Meridian St

Year built

1995

Construction

WOOD

Lot size

0.67 AC

Property size (Sq ft)

21,804 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

49-03-14-121-045.000-800

APU

490314121045000800

Description

This exceptional Class A office building presents a rare owner-user opportunity on highly desirable Meridian Street in Indianapolis, Indiana. The meticulously maintained, two-story brick structure boasts 18,559 square feet, situated on a 0.67-acre lot. Built in 1994 and extensively renovated in 2020, the property offers a blend of modern amenities and classic appeal. The building features ample parking with 40 spaces, ensuring convenient access for employees and clients. High visibility is guaranteed with prominent Meridian Street signage, benefiting from a significant traffic count of 31,000 vehicles per day. The building's elevator facilitates efficient use of space, making it suitable for multiple tenants or a single large occupant. The asking price is $3,711,800, translating to $200 per square foot. This versatile property is ideally suited for a variety of office uses, including creative, medical, and traditional office settings. Its prime location, modern updates, and substantial parking make it an exceptional investment opportunity. The property's zoning and specific permitted uses should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $2,961,492

  6.5%

  $2,733,685

  7%

  $2,538,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,231,689

  Geo Method

  $2,231,689

• Alternative Use

  Use

  Valuation

  Residential

  $3,389,769

  Hospitality

  $3,105,010

  Educational

  $2,583,332

  Medical

  $2,672,177

  Retail

  $4,018,516

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.9146

Longitude

-86.1587

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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