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    Property profile & analytics

    2901 Meridian St Indianapolis, IN 46225-2318

    • Theaters & concert halls
    • 30,402 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimation
    $600,000
    Location Intelligence
    Property ID
    US31-0970834
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Prospect Lodge #714 F & AM / Fraternal Organization
    • prospect lodge #714 f&am / Association Or Organization
    • Indiana Rosicrucians / Meditation Center

    Property Details for 2901 Meridian St

    Year built
    1959
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.04 lot acres
    Property size
    30,402 SF
    Zone code
    ZO01
    Property type
    Theaters & concert halls
    APN
    49-11-24-139-002.000-101
    APU
    491124139002000101

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $630,000
      6.5%
      $675,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $755,000
      Geo Method
      $760,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $720,000
      Retail
      $665,000
      Mixed-Use
      $610,000
      Hospitality
      $800,000
      Educational
      $790,000
      Residential Income
      $730,000
      Energy
      $620,000
      Income-Based Land
      $810,000
      Food Service
      $630,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1582
    Latitude
    39.724
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $270,300
    $872,800
    $1,143,100
    -
    $270,300
    $872,800
    $1,143,100

    Comparable in this City

    • Value Estimation by Request
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      402 Prospect St

      THEATER (MOVIE) • 26,406 SF
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      230 Morris St

      THEATER (MOVIE) • 4,418 SF
      230 Morris St, Indianapolis, IN 46225-1480
      View Details
    • Value Estimation by Request
      13,974 SF

      1310 Meridian St

      THEATER (MOVIE) • 13,974 SF
      1310 Meridian St, Indianapolis, IN 46225-1524
      View Details
    • Value Estimation
      $165,000
      10,414 SF

      1909 St

      THEATER (MOVIE) • 10,414 SF
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      View Details
    • Value Estimation by Request
      10,000 SF

      2326 Meridian St

      THEATER (MOVIE) • 10,000 SF
      2326 Meridian St, Indianapolis, IN 46225
      View Details

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    2901 Meridian St
    Indianapolis, IN 46225-2318
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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