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Property profile & analytics

3590 Meridian St Indianapolis, IN 46208-4425

  • Office Properties & Spaces
  • 12,000 SF
  • 0.53 lot acres
OFF-MARKET
Value Estimations
$1,075,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-3513362
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

  • Willow Marketing / Advertising Agency / Marketing & Advertising
  • Joey SR22 Insurance / Financial Advisor / Insurance Agency

Property Details for 3590 Meridian St

Year built
1958
Construction
TYPE NOT SPECIFIED
Lot size
0.53 lot acres
Property size
12,000 SF
Zone code
ZO01
Property type
Office Properties & Spaces
APN
49-06-24-112-049.000-101
APU
490624112049000101

Description

This exceptional 5,000± square foot creative office space is available for lease on the second floor of the Willow Marketing Building, a 10,000± square foot building situated on a 0.53-acre lot at the southwest corner of West 36th Street and North Meridian Street in north central Indianapolis. The building, constructed in 1958, offers convenient access to I-65 (5-7 minutes), Downtown Indianapolis (12 minutes), and the Indianapolis International Airport (24 minutes). The space includes 15' ceilings with newer carpeting throughout, east/west zoned thermostats (two per floor), and a recently updated HVAC system and water heater (2023). Shared amenities include a conference room and unfinished storage on the first floor, as well as basement utilities, laundry, and studio space. The building boasts a dedicated gated/fenced parking lot with 28 spaces (resurfaced in 2021), and street parking is also available. Meridian Street is on the Red Line Bus Route. Building signage is available with city approval. Other features include a Nelson fire and alarm system, separate meters (two per floor) and a house meter, a roof replaced around 2012, and a new sewer line to the city (2021). High-speed internet is provided by Spectrum and AT&T fiber. The property is zoned D-9 (Dwelling District Nine) with a variance for office use. Annual property taxes are $17,566.46 ($1.47/SF). The building offers code-accessible doors and gated parking.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,200,000
    Market price range: $358k - $1.43M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $900,000
    Current use
    AUTO REPAIR, GARAGE
    $955,000
    Change: +6% Conversion: Difficult
    RETAIL STORES
    $895,000
    Change: -0% Conversion: Easy
    INDUSTRIAL (GENERAL)
    $750,000
    Change: -17% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Marion
State
Indiana
Longitude
-86.1572
Latitude
39.8209
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
$17,250
$50,800
$571,100
$621,900
-
$50,800
$571,100
$621,900
More about this property
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