5145 & 5155 S Meridian Street Business Center

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30766796
Property Subtypes: Mixed Use
Building Size (RSF): 6,000 SF
Gross Building Area: 12,000 SF
Gross Land Area: 4.04 Acres
Sale Price: $1,200,000
Unit Price: $200 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: 5145 & 5155 S Meridian Street Business Center, Two 6,000SF Bldgs
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 75
Last Updated: 11/20/2021

Overview / Comments

Superb for Office or Retail
Two 6,000 SF Buildings
1,000' of Frontage on SR 135/Meridian St
22,864 VPD on SR 135/Meridian St
Multiple Tenants
Well Maintained Buildings
Terrific Access. Dedicated Entrance.
1 Mile to I-465
Signage on SR 135/Meridian St
$650,000/Building OR $1,200,000 for both buildings
Generous Parking

Attachments & Media

Current Tenants

Tenant Business Name Bureau Of Motor Vehicles
Industry Type Public Administration
Is Renting? Yes
Suite Number 5155Bldg
SF of Space Occupied 6,000 SF
Lease Expiration 11/2022
Tenant Business Name Insurance Agency
Industry Type Finance and Insurance
Suite Number A
SF of Space Occupied 1,200 SF
Lease Expiration 6/2025
Tenant Business Name Indy Temps Inc
Industry Type Professional/Scientific/Technical Services
Suite Number E,D
SF of Space Occupied 1,800 SF
Lease Expiration 5/2025

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Submarket/Township: Perry
Submarket Type: Suburban
Tax ID/APN: 49-14-01-124-003.000-500
Retail Clientele: General, Business
Property Located Between: Meridian St/SR 135 and US 31 and Thompson Rd, 1 Mi from I-465
Property Visibility: Excellent
Largest Nearby Street: Meridian St/SR 135, Thompson Rd, I-465
Feet of Frontage: 1,000
Traffic/Vehicle Count: 22,864
Highway Access: Less than 2 miles to I-465
Airports: Indianapolis
Area Description: Commercial, Professional Office, Restaurants, Residential (Multi-Family & Single Family)
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 6,000 SF
Property Condition: Good
Year Built: 2002
Roof Type: Flat
Exterior Description: Masonry
Total Parking Spaces: 45
Parking Type: Surface
Parking Description: Plentiful parking in front of both buildings
Sprinklers: None
Heat Type: Natural Gas
Zoning Description: Commercial Small C-3 With Restrictions
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT NW1/4 NW1/4 S1 T14 R3 BEG 168.03' S & 42.09' EOF NW COR S 371.71' S 245.25' S 281.92' ERLY344.42' NRLY 60.86' NRLY 167.82' NRLY 203.94'NWRLY 534.41' W 62.25' TO BEG 4.04AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,526 89,611 232,353
Median Age: 33.37 34.64 35.39
Households: 4,289 35,334 91,410


Photograph of Listing Agent

Jackie Tinnerman Briggs

Enterprise Real Estate Services, LLC
ICREX Member
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