3590 Meridian St Indianapolis, IN 46208-4425
- Office Properties & Spaces
- 12,000 SF
- 0.53 lot acres
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
-
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
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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