247 Meridian StIndianapolis, IN 46225

Property Details for 247 Meridian St

Year built

1880

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

17,500 SF

Zone code

ZO01

Property type

Commercial real estate

APN

49-11-12-238-006.000-101

APU

491112238006000101

Description

This exceptional turnkey restaurant opportunity encompasses 8,750 square feet of street-level space within the historic Rusch Building, constructed in 1867 and extensively renovated in 2022. Located in the vibrant Wholesale District, this property offers a unique blend of historical charm and modern amenities. The building boasts four stories and sits on a 0.25-acre lot. The space is zoned CBD2 and features a single suite within the building. The lease includes essential restaurant equipment such as a grease trap, hood system, and walk-in cooler. Significant upgrades include a new HVAC system, electrical work, and plumbing. Parking is available via street parking. The building is equipped with elevators for convenient access to all four floors. Multiple tenant options exist, making this property suitable for a variety of uses including a restaurant, bar, nightclub, speakeasy, concert venue, or retail establishment. Its prime downtown location offers unparalleled access to high foot traffic, placing it within close proximity to the Convention Center, Lucas Oil Stadium, Indianapolis Zoo, White River State Park (Miles Square), Victory Field, and a dense concentration of hotels and hospitality businesses. This location is situated in a high-traffic walking district brimming with shopping, entertainment, and dining options. The APN is 1090352.

• Alternative Use

  Use

  Valuation

  Residential

  $2,601,440

  Hospitality

  $2,382,905

  Educational

  $1,982,549

  Medical

  $2,050,732

  Retail

  $3,083,965

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.763

Longitude

-86.1577

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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