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The Colony 10291 N Meridian St 30,000 SF 35% Leased Office Building Carmel, IN 46290 $4,536,740 CAD ($151.22 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Location, location, location - I-465 & US 31 Interchange
  • Easy access, unique park-like setting, & ample parking
  • Unmatched at only $110/sf
  • The Colony building for sale; visible from main thoroughfares
  • Multiple redevelopment opportunities - office, exec. suites, coworking space, retail on first floor, mixed-use, multi-family
  • 1,054 hotel rooms within a 1 mile radius

EXECUTIVE SUMMARY

Step into a premier investment opportunity in the heart of the busy Indianapolis/Carmel corridor. This office building, totaling approx. 30,000 SF, combines modern amenities, timeless curb appeal, & a very strategic location surrounded by thriving businesses & easy access routes. This property has undergone over $1 million in improvements, creating a refreshed asset for the next owner.
Recent upgrades include, but are not limited to:        
- A brand-new cooling tower to support operational efficiency        
- Resurfaced asphalt parking lot for a polished first impression & durability      
- Remodeled elevators & entrances designed to elevate the tenant & customer experience    
- Gorgeous park-like setting, w/ updated landscaping
With flexible & efficient floor plans, The Colony can support a wide variety of tenants, making it an attractive rental & investment opportunity. In short: The Colony isn’t just an office property —it’s a long-term business opportunity with immediate appeal & future upside.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
30,000 SF
Building Class
B
Year Built
1988
Price
$4,536,740 CAD
Price Per SF
$151.22 CAD
Percent Leased
35%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,000 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
4.48 AC
Zoning
C-1 - Commercial
Parking
247 Spaces (8.23 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Conferencing Facility
  • Signage
  • Wheelchair Accessible
  • Reception
  • Storage Space
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Gibraltar Remembrance Services, LLC
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Gibraltar Remembrance Services, LLC Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 113
  • 1,712 SF
  • Retail
  • Full Build-Out
  • Now
  • 1st Fl-Ste 152
  • 2,224 SF
  • Retail
  • Full Build-Out
  • Now
  • 2nd Fl-Ste 226
  • 3,024 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Fl-Ste 252
  • 2,361 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Fl-Ste 326
  • 5,200 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Fl-Ste 352
  • 4,979 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 113 1,712 SF Retail Full Build-Out Now
1st Fl-Ste 152 2,224 SF Retail Full Build-Out Now
2nd Fl-Ste 226 3,024 SF Office Full Build-Out Now
2nd Fl-Ste 252 2,361 SF Office Full Build-Out Now
3rd Fl-Ste 326 5,200 SF Office Full Build-Out Now
3rd Fl-Ste 352 4,979 SF Office Full Build-Out Now

1st Fl-Ste 113

Size
1,712 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 152

Size
2,224 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 226

Size
3,024 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 252

Size
2,361 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 326

Size
5,200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 352

Size
4,979 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 152

Size 2,224 SF
Space Use Retail
Condition Full Build-Out
Available Now

2nd Fl-Ste 226

Size 3,024 SF
Space Use Office
Condition Full Build-Out
Available Now

3rd Fl-Ste 326

Size 5,200 SF
Space Use Office
Condition Full Build-Out
Available Now

3rd Fl-Ste 352

Size 4,979 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-13-11-000-014.001-018
Land Assessment
$963,795 CAD
Improvements Assessment
$782,978 CAD
Total Assessment
$1,746,774 CAD
  • Listing ID: 38404240

  • Date on Market: 2025-11-11

  • Last Updated:

  • Address: 10291 N Meridian St, Carmel, IN 46290

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