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    Property profile & analytics
    FOR SALE
    Office Spaces

    1401 Meridian St, Indianapolis, IN 46202-2304

    19,340 SF 1.08 ac lot Built 1957
    Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-0356640
    Property summary
    AI-generated overview

    This exceptional 0.12-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Strategically located at the corner of South Meridian Street and Arizona Street, this property boasts a highly desirable C-3 zoning designation, opening doors to a wide array of commercial development possibilities. Its convenient location, just over a mile from downtown Indianapolis, ensures high visibility and accessibility. The property's address is 1401 S Meridian St, Indianapolis, IN 46225, within Marion County. The asking price for this prime piece of real estate is $50,000. Given its size, zoning, and location, this lot is ideal for entrepreneurs and developers seeking a foothold in a thriving urban market. The property's proximity to downtown Indianapolis offers unparalleled access to a diverse workforce, extensive amenities, and a robust transportation network. This presents a compelling opportunity to capitalize on the city's continued growth and development. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The lot size is precisely 0.12 acres, providing a manageable yet impactful development footprint. This is a rare chance to acquire a well-situated commercial property in a dynamic and expanding city.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1957
    Construction TYPE NOT SPECIFIED
    Total area 19,340 SF
    Lot 1.08 ac (46,914 SF)
    Zoning code ZO02
    APN 49-06-36-154-010.001-101
    UPID US31-0356640
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Virtusa Corporation Business Management Consultant
    • Haywire Telecommunications Service Data Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.12M
    Blend (final) Blend
    $1.75M
    Owner & transaction history
    1401 North Meridian LLC · 15 yrs held
    1401 North Meridian LLC
    since 2010
    3 recorded transactions
    2017
    2010
    1969
    Zoning & alternative use
    ZO02 · Indianapolis, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.5M +6.3%
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