Meridian Street Office or Retail

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30807398
Property Subtypes: Mixed Use
Building Size (RSF): 6,135 SF
Gross Building Area: See Agent
Gross Land Area: 0.54 Acres
Sale Price: $505,000
Unit Price: $82.31 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: 3020 S Meridian Street
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/30/2022

Overview / Comments

Great Location on Highly Traveled Meridian St/SR 135
Fully Leased ~ Revenue Producing
Excellent Visibility With Frontage on Meridian St & Dedicated Entrance
Well Maintained Buildings
Good Opportunity for Owner/Occupant

Financials

Finance Data Year 2010
Real Estate Taxes - Annual($) $840 (Annual)
Tax Value Land $32,100
Tax Value Improvements $0
Assessed Value - Total($) $32,100 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $700.36 (Annual)
Tax Value Land $32,100
Assessed Value - Total($) $32,100 (Annual)

Additional Details

Nearest MSA: Indianapolis-Carmel
County: Marion
Tax ID/APN: 49-11-26-101-011.000-500
Zoning: COMMERCIAL SMALL
Property Located Between: Meridian Street Just South of Raymond St
Property Visibility: Excellent
Highway Access: Close to I-65/Raymond St Interchange
Airports: Indianapolis
Area Description: Surrounding Area: Retail, Office, Restaurants, Residential, Small Business, Parks
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,135 SF
Year Built: 1970
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Zoning Description: Commercial Small
Lot Frontage: 145 Feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: TRI SAB MANOR 55FT E SIDE L2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,729 94,119 268,093
Median Age: 38.47 33.24 34.42
Households: 3,402 35,871 106,597

Contact

Photograph of Listing Agent

Jackie Tinnerman Briggs

Enterprise Real Estate Services, LLC
ICREX Member
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