8935 N Meridian St - Medical FOR SALE


Indianapolis, IN 46260- Nora Far Northside
$3,600,000 USD
317-225-9969
8935 N Meridian St, Indianapolis, IN for Sale
$3,600,000 USD
Medical - FOR SALE
1/10
null | 7.77% Cap Rate

NEW


8935 N Meridian St
Indianapolis, IN 46260
Nora Far Northside


HIGHLIGHTS

  • Meridian Street Corridor Frontage
  • Building Expansion Capability
  • Excellent Signage Opportunity

OVERVIEW

Positioned along one of Indianapolis' most recognizable business corridors, 8935 North Meridian Street presents a rare opportunity for investors and owner-users alike. This two-story, 26,960-square-foot office building combines stable in-place income, immediate occupancy, significant value-add potential, and future development opportunities on a highly visible Meridian Street address. Currently generating approximately $280,000 in annual Net Operating Income, the property is offered at a 7.78% capitalization rate while maintaining approximately 30% vacancy. Owner-users will appreciate the ability to occupy approximately 7,000 square feet immediately, allowing a business to establish a prominent corporate presence while benefiting from rental income generated by existing tenants. Situated on 3.47 acres with approximately 572 feet of frontage along North Meridian Street, prominent building signage, and a pylon sign visible to passing traffic, the property enjoys exceptional exposure and brand visibility. The site is further enhanced by an outstanding 5.4:1,000 parking ratio, with 125 on-site parking spaces providing ample capacity for tenants, employees, and visitors. Investors will find multiple avenues for value creation. Existing vacancy provides near-term leasing upside, while future lease expirations create opportunities to renovate interior suites, modernize common areas, and increase rental rates as space turns over. The property is anchored by a strong and stable income stream from BrooksPlace, providing dependable cash flow while ownership executes its value-add strategy. The expansive site also offers long-term flexibility, with excess land that may support future building expansion or additional development, subject to applicable approvals. Located just minutes from Interstate 465, the Nora and Keystone retail districts, St. Vincent Hospital, downtown Carmel, and Indianapolis' affluent north side, the property benefits from exceptional accessibility and a highly desirable central location. Whether pursuing a headquarters location, an income-producing investment, or a strategic value-add opportunity with future expansion potential, 8935 North Meridian Street offers a compelling combination of current cash flow, immediate occupancy, premier visibility, and long-term upside in one of Indianapolis' most established office corridors.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

7.77%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Waterplace Park

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

127

LAND DETAILS

LAND ACRES

3.76 AC

LAND SF

163,786 SF

ZONING

C-1

APN/PARCEL ID

49-03-14-129-014.000-800

ASK ABOUT THIS PROPERTY

Christopher ChabenneKosene & Kosene Residential, Inc.More Info
317-225-9969

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Christopher ChabenneKosene & Kosene Residential, Inc.More Info
317-225-9969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.