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Property profile & analytics
FOR LEASE
Office Spaces

3951 N Meridian St Indianapolis, IN 46208

16,532 SF 0.51 ac lot Built 1962
Entity Owned ~ Est. High Equity
Property ID
US31-0139577
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 16,532 SF
Lot 0.51 ac (22,400 SF)
APN 49-06-13-150-051.000-801
UPID US31-0139577
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Library of War Historical Society
  • Jeff Kolp - State Farm Insurance Agent Insurance Agency
  • Charles W. Clark Marketing & Advertising Advertising Agency
  • Meridian Hanna Citgo Gas Station
  • Hoosier Environmental Council Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$505k
Blend (final) Blend
$540k
Owner & transaction history
Wdi Investment Group LLC
Wdi Investment Group LLC
since 2025
6 recorded transactions
2025
Price N/A
2022
Price N/A
2019
Price N/A
2017
Price N/A
2016
$800,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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