3951 N Meridian St Indianapolis, IN 46208
For Lease
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This exceptional three-story Class B executive office building, totaling 15,300 square feet, presents a unique investment opportunity in Indianapolis, Indiana. Located at 3951 N. Meridian Street, this property boasts high visibility and signage on a major thoroughfare. The building underwent a complete renovation in 2016, encompassing the interior, bathrooms, roof, and parking lot. Upgrades include the installation of eco-friendly fixtures throughout. The ample 63-space parking lot adds significant convenience. Its strategic location offers easy access to downtown Indianapolis and Interstate 65, enhancing its appeal to businesses and employees alike. The property is zoned C1 and sits within an Opportunity Zone, providing potential tax advantages. Furthermore, its proximity to the Tarkington Park Redevelopment project positions it for future growth and increased value. This owner-occupant building is ideal for a company seeking a prominent presence on Meridian Street. The building's modern amenities, including a newly renovated common area, parking garage, electrical system, and HVAC system, ensure a comfortable and efficient workspace. This is a rare opportunity to acquire a meticulously maintained and well-located commercial property in a thriving Indianapolis neighborhood.
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Library of War Historical Society
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Jeff Kolp - State Farm Insurance Agent Insurance Agency
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Charles W. Clark Marketing & Advertising Advertising Agency
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Meridian Hanna Citgo Gas Station
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Hoosier Environmental Council Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.