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8001-8003 S Meridian St 1,960 SF 100% Leased Office Building Indianapolis, IN 46227 $677,160 CAD ($345.49 CAD/SF)
Investment Highlights
- Conveniently located approximately seven minutes from Community Hospital South.
- Two direct access points onto South Meridian Street improve visibility and traffic flow.
- High traffic corridor with more than 30,000 vehicles per day promotes exposure.
- C-3 zoning allows for versatile commercial or medical office use.
- On-site parking for 14 vehicles provides accessible patient and staff accommodation.
- Building improvements include a roof replacement in 2020 for long-term reliability.
Executive Summary
This medical office property offers a unique owner-user opportunity in a convenient Indianapolis location. Situated less than a ten-minute drive from Community Hospital South, the site delivers excellent accessibility for healthcare providers and businesses seeking proximity to major medical resources. The single-story facility encompasses 1,960 square feet on a 1.20-acre site, providing flexibility for office or clinical layouts. Zoned C-3 for commercial and medical applications, the building sits along South Meridian Street, with direct ingress and egress to a well-traveled thoroughfare experiencing an average daily traffic count of 30,698 vehicles.
Recent improvements add solid value, including a roof installed in 2020, ensuring durability and reduced capital expenditure for new ownership. The property includes 14 on-site parking spaces, supporting staff and patient convenience. Offered at $495,000, this asset combines affordability with strong locational attributes, making it an attractive choice for practitioners seeking control over their facility or investors interested in stable healthcare-driven demand.
Recent improvements add solid value, including a roof installed in 2020, ensuring durability and reduced capital expenditure for new ownership. The property includes 14 on-site parking spaces, supporting staff and patient convenience. Offered at $495,000, this asset combines affordability with strong locational attributes, making it an attractive choice for practitioners seeking control over their facility or investors interested in stable healthcare-driven demand.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,960 SF
Building Class
C
Year Built
1980
Price
$677,160 CAD
Price Per SF
$345.49 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,960 SF
Building FAR
0.14
Lot Size
0.32 AC
Zoning
ZO01
Parking
10 Spaces (3.95 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 49-14-13-122-017.000-500 | Improvements Assessment | $182,628 CAD |
| Land Assessment | $149,249 CAD | Total Assessment | $331,877 CAD |
Property Taxes
Parcel Number
49-14-13-122-017.000-500
Land Assessment
$149,249 CAD
Improvements Assessment
$182,628 CAD
Total Assessment
$331,877 CAD
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8001-8003 S Meridian St
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