Property profile

2225 Meridian St Indianapolis, IN 46208

OFF-MARKET
Parking lots & garages
Property ID
US31-0893090
14,106 SF 0.53 ac lot Built 1970
Entity Owned 3-yr Hold Free & Clear
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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

Location

2225 Meridian St Indianapolis, IN 46208
Indianapolis metro Census 351600 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2023
1 recorded transaction
2023
$220,170

Zoning & alternative use

ZO01 · Indianapolis, IN

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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