8803 Meridian StIndianapolis, IN 46260

Property Details for 8803 Meridian St

Year built

1982

Construction

TYPE NOT SPECIFIED

Lot size

1.80 AC

Property size (Sq ft)

20,000 SF

Zone code

ZO01

Property type

Healthcare properties

Property subtype

Medical offices

APN

49-03-14-129-008.000-800

APU

490314129008000800

Description

This exceptional medical office opportunity encompasses three buildings situated on the highly trafficked North Meridian Street corridor, offering unparalleled visibility and signage potential. The property boasts a total of ample parking spaces, catering to both patients and staff. Each of the three, three-story buildings features elevators for convenient access. Currently, there are three available spaces ranging from 1,338 to 1,949 square feet, totaling 5,183 square feet of vacant space. The location is strategically positioned between Ascension St. Vincent Indianapolis Hospital and IU Health North Hospital, placing the property within a thriving healthcare hub. Easy access to I-465 ensures convenient commutes for patients and employees alike. Numerous nearby amenities further enhance the appeal of this exceptional investment opportunity. The high visibility and convenient location make this property ideal for a variety of medical practices seeking a prominent presence in a densely populated, healthcare-focused area. This is a rare chance to acquire a well-established medical office complex with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,716,689

  6.5%

  $2,507,713

  7%

  $2,328,591

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,047,378

  Geo Method

  $2,047,378

• Alternative Use

  Use

  Valuation

  Residential

  $3,109,564

  Hospitality

  $2,848,344

  Educational

  $2,369,789

  Medical

  $2,451,290

  Retail

  $3,686,338

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.9164

Longitude

-86.156

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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