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9240 N Meridian St
Indianapolis, IN 46260
9240 N Meridian MOB · Office Property For Sale
Investment Highlights
- Traffic counts exceeding 30,000 vehicles per day
- 92.7% Occupied
Executive Summary
9240 N. Meridian Street, Indianapolis, IN is positioned within one of the most
established and resilient healthcare real estate corridors in the Midwest. The property
benefits from exceptional regional accessibility, located just south of Interstate 465
along North Meridian Street, one of Indianapolis' primary north-south arterial corridors
with traffic counts exceeding 30,000 vehicles per day. The area has long served as the
city's premier medical office hub, situated near major healthcare providers including IU
Health, Ascension St. Vincent, Franciscan Health, and numerous specialty physician
practices, surgery centers, and outpatient facilities. This concentration of healthcare
infrastructure creates a durable referral network and sustained demand for medical
office space, resulting in strong tenant retention and leasing velocity. The surrounding
North Meridian corridor is characterized by affluent demographics, with approximately
182,000 residents within a five-mile radius and average household incomes exceeding
$130,000, providing a favorable patient base for healthcare providers.
established and resilient healthcare real estate corridors in the Midwest. The property
benefits from exceptional regional accessibility, located just south of Interstate 465
along North Meridian Street, one of Indianapolis' primary north-south arterial corridors
with traffic counts exceeding 30,000 vehicles per day. The area has long served as the
city's premier medical office hub, situated near major healthcare providers including IU
Health, Ascension St. Vincent, Franciscan Health, and numerous specialty physician
practices, surgery centers, and outpatient facilities. This concentration of healthcare
infrastructure creates a durable referral network and sustained demand for medical
office space, resulting in strong tenant retention and leasing velocity. The surrounding
North Meridian corridor is characterized by affluent demographics, with approximately
182,000 residents within a five-mile radius and average household incomes exceeding
$130,000, providing a favorable patient base for healthcare providers.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
49,500 SF
Building Class
B
Year Built/Renovated
1973/2019
Price
$8,963,110 CAD
Price Per SF
$181.07 CAD
Cap Rate
7.39%
NOI
$662,374 CAD
Percent Leased
93%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,500 SF
Slab To Slab
10’
Building FAR
0.65
Lot Size
1.75 AC
Zoning
C1 - Commercial
Parking
104 Spaces (2.1 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
Property Taxes
| Parcel Number | 49-03-14-123-010.000-800 | Improvements Assessment | $2,497,536 CAD |
| Land Assessment | $1,774,834 CAD | Total Assessment | $4,272,370 CAD |
Property Taxes
Parcel Number
49-03-14-123-010.000-800
Land Assessment
$1,774,834 CAD
Improvements Assessment
$2,497,536 CAD
Total Assessment
$4,272,370 CAD
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