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    OFF-MARKET
    Parking lots & garages

    2225 Meridian St, Indianapolis, IN 46208

    14,106 SF 0.53 ac lot Built 1970
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US31-0893090
    Property summary
    AI-generated overview

    This exceptional 0.54-acre commercial land parcel presents a unique investment opportunity. Located at 2225 N Meridian St., this property boasts over 150 feet of frontage along Meridian Street, providing excellent visibility and accessibility for any business. The zoning designation is C4, offering a wide range of potential uses. The single-tenant nature of the land allows for flexibility in development and design, catering to a variety of commercial ventures. This strategically located parcel is ideal for businesses seeking high-traffic exposure and a prominent presence on a major thoroughfare. Its size makes it suitable for a variety of commercial developments, from retail establishments to office spaces, or potentially even a mixed-use project. The property's prime location and substantial street frontage make it an attractive proposition for investors and developers alike. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is available for both lease and sale, providing options to suit diverse investment strategies. Detailed information regarding zoning regulations and potential development plans can be provided upon request. Don't miss this chance to acquire a highly desirable commercial property in a thriving location.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING LOT
    Year built 1970
    Total area 14,106 SF
    Lot 0.53 ac (23,016 SF)
    Zoning code ZO01
    APN 49-06-25-136-193.002-101
    UPID US31-0893090
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    2225 North Meridian LLC · 3 yrs held
    2225 North Meridian LLC
    since 2023
    1 recorded transaction
    2023
    $220,170
    Zoning & alternative use
    ZO01 · Indianapolis, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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