3951 N Meridian St Indianapolis, IN 46208
- Office Properties & Spaces
- 16,532 SF
- 0.51 lot acres
Current Use by Public Records
- Library of War / Historical Society
- Jeff Kolp - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
- Charles W. Clark / Website Designer / Artist
- Meridian Hanna Citgo / Gas Station
- Hoosier Environmental Council / Non-Profit Organization
Property Details for 3951 N Meridian St
- Year built
- 1962
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.51 lot acres
- Property size
- 16,532 SF
- Property type
- Office Properties & Spaces
- APN
- 49-06-13-150-051.000-801
- APU
- 490613150051000801
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1562
- Latitude
- 39.8278
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA