20 Meridian StIndianapolis, IN 46204

Property Details for 20 Meridian St

Year built

1923

Construction

TYPE NOT SPECIFIED

Lot size

0.25 AC

Property size (Sq ft)

43,210 SF

Zone code

ZO01

Property type

Office properties

APN

49-11-01-240-029.001-101

APU

491101240029001101

Description

The Guaranty Building offers exceptional office space for lease in the heart of Downtown Indianapolis. This iconic 10-story, Class A building, originally constructed in 1923 and extensively renovated in 2020, boasts a stunning curved limestone facade overlooking Monument Circle. Seven available spaces range from 1,871 to 10,007 square feet, providing flexibility for businesses of various sizes. The building's prime location ensures high foot traffic and visibility, benefiting from the constant activity of Monument Circle, a major tourist and event destination. The building features a full floor option with access to a conference facility and rooftop terrace. The building's original design elements have been thoughtfully preserved, creating a unique and prestigious work environment. Multiple tenancy options are available, and the building includes elevators. The Guaranty Building offers a blend of historic charm and modern amenities, making it an ideal location for businesses seeking a prominent address in the vibrant Downtown Indy CBD submarket. Retail space is located on the first floor. The total building size is 43,210 square feet. This is a truly unparalleled opportunity to lease office space in one of Indianapolis' most desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $5,612,096

  6.5%

  $5,180,396

  7%

  $4,810,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,065,583

  Geo Method

  $4,065,583

• Alternative Use

  Use

  Valuation

  Residential

  $6,423,691

  Hospitality

  $5,884,066

  Educational

  $4,895,474

  Medical

  $5,063,837

  Retail

  $7,615,182

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7678

Longitude

-86.1584

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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