1401 Meridian StIndianapolis, IN 46225

Property Details for 1401 Meridian St

Year built

1957

Construction

TYPE NOT SPECIFIED

Lot size

1.08 AC

Property size (Sq ft)

19,340 SF

Zone code

ZO02

Property type

Office properties

APN

49-06-36-154-010.001-101

APU

490636154010001101

Description

This exceptional 0.12-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Strategically located at the corner of South Meridian Street and Arizona Street, this property boasts a highly desirable C-3 zoning designation, opening doors to a wide array of commercial development possibilities. Its convenient location, just over a mile from downtown Indianapolis, ensures high visibility and accessibility. The property's address is 1401 S Meridian St, Indianapolis, IN 46225, within Marion County. The asking price for this prime piece of real estate is $50,000. Given its size, zoning, and location, this lot is ideal for entrepreneurs and developers seeking a foothold in a thriving urban market. The property's proximity to downtown Indianapolis offers unparalleled access to a diverse workforce, extensive amenities, and a robust transportation network. This presents a compelling opportunity to capitalize on the city's continued growth and development. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The lot size is precisely 0.12 acres, providing a manageable yet impactful development footprint. This is a rare chance to acquire a well-situated commercial property in a dynamic and expanding city.

• CAP approach

  CAP return

  Valuation

  6%

  $2,512,594

  6.5%

  $2,319,318

  7%

  $2,153,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,820,622

  Geo Method

  $1,820,622

• Alternative Use

  Use

  Valuation

  Residential

  $2,875,954

  Hospitality

  $2,634,358

  Educational

  $2,191,755

  Medical

  $2,267,133

  Retail

  $3,409,397

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7861

Longitude

-86.1569

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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