Catylist Listing ID: 30041192
Property Subtypes: Institutional
Building Size (RSF): 420 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $199,000
Unit Price: $473.81 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2017

Overview / Comments

This 420 +/- square foot building is located on busy Meridian Street
in Indianapolis, IN. Formerly, a Chase Bank, this brick facade structure
contains three teller drive-thru windows and ample parking. C-1
office-buffer commercial zoning, provides many potential uses for
new owner, including a branch bank (teller or ATM) or a payment facilit
y for utilities, such as gas, elec tric, water, insurance, tax, etc. Adjacent
to a professional office center this building is per fectly suited
for that usage

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $5,665 (Annual)
Tax Value Land $84,300
Tax Value Improvements $99,900
Assessed Value - Total($) $184,200 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $5,855 (Annual)
Tax Value Land $84,300
Tax Value Improvements $100,400
Assessed Value - Total($) $184,700 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $5,056 (Annual)
Tax Value Land $63,200
Tax Value Improvements $112,900
Assessed Value - Total($) $176,100 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $5,241 (Annual)
Tax Value Land $87,400
Tax Value Improvements $112,900
Assessed Value - Total($) $200,300 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $4,370 (Annual)
Tax Value Land $87,400
Tax Value Improvements $112,900
Assessed Value - Total($) $200,300 (Annual)

Additional Details

Nearest MSA: Indianapolis-Carmel
County: Marion
Tax ID/APN: 49-14-13-122-018.000-500
Zoning: C1
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2001
Legal Description: PT L2 & L3 MERIDIAN MANOR AMENDED BEG 10.97' N & 5' E OF SW COR LOT 2 P.O.B. N73.9' E187.03' NE IRR 6.95' N122.15' E34.77' S200' W225' TO BEG 21,075 SQFT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,548 96,227 207,334
Median Age: 40.45 37.54 36.02
Households: 5,248 38,539 82,046

Contact

Photograph of Listing Agent

Thomas G. Kiritsis, II

R. P. Lux Co. Inc.
ICREX Member
Photograph of Listing Agent

Mychal Nation

R. P. Lux Co. Inc.
ICREX Member
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