Technical
Financial
Distress signals
Property profile

1345 Meridian St Indianapolis, IN 46225

OFF-MARKET
Land
Property ID
US31-1113758
0.71 ac lot
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Property summary

AI-generated overview

This exceptional .71-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Located at 1345 S. Meridian Street, this property boasts unparalleled visibility and accessibility due to its direct frontage on Meridian Street. The site is strategically positioned approximately 1.5 miles from downtown Indianapolis, placing it within a rapidly developing area. Zoned C-4, this land offers significant potential for a variety of retail uses, making it an ideal location for businesses seeking high traffic and exposure. The 0.71-acre lot provides ample space for development, catering to a range of project sizes and scopes. Its proximity to the city center ensures convenient access to a large customer base and a vibrant urban environment. This property is ready for immediate development, offering a rare chance to capitalize on the growth and potential of this thriving Indianapolis location. The address is 1345 S Meridian St, Indianapolis, IN 46225. The asking price is $499,900. Broker cooperation is available.

Property profile

Verified
Property type Land
Lot 0.71 ac (30,928 SF)
UPID US31-1113758

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
  • Television Studio Media Distribution

Location

1345 Meridian St Indianapolis, IN 46225
Indianapolis metro
Google Maps

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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