8007 Meridian StIndianapolis, IN 46217

Property Details for 8007 Meridian St

Year built

1973

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

3,135 SF

Zone code

ZO01

Property type

Office properties

APN

49-14-13-122-015.000-500

APU

491413122015000500

Description

This single-story, 2,376-square-foot office building is located at 8007 S Meridian Street in Indianapolis, Indiana, zip code 46217. The property, built in 1971 and renovated in 2021, sits on a 0.284-acre lot (9,078 square feet) and is zoned C-1. The building features three suites in a traditional office configuration, with 500 square feet currently vacant. Thirteen parking spaces are available on-site. The building is classified as Class C and lacks elevators. Utilities include power. The convenient location is near the intersection of Stop 11 Road and Meridian Street, within the Indianapolis South submarket. This property is ideal for a variety of businesses seeking efficient and accessible office space. The building's layout is functional and adaptable, making it suitable for various professional services. The recent renovation ensures modern amenities and a well-maintained environment. This is a fantastic opportunity to establish or expand your business in a thriving South Indianapolis location.

• CAP approach

  CAP return

  Valuation

  6%

  $406,428

  6.5%

  $375,164

  7%

  $348,367

• Comparable approach

  Method

  Valuation

  Relative Method

  $294,002

  Geo Method

  $294,002

• Alternative Use

  Use

  Valuation

  Residential

  $465,204

  Hospitality

  $426,124

  Educational

  $354,530

  Medical

  $366,723

  Retail

  $551,492

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.6517

Longitude

-86.1572

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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