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27136523

9106 N Meridian St, Indianapolis, IN 46260

LL
IN RB25000907
Cushman & Wakefield - Indianapolis, Indiana
JG
IN RB15001077
Cushman & Wakefield - Indianapolis, Indiana
Listed by Cushman & Wakefield - Indianapolis, Indiana
$2,950,000
257 days on market
Updated 17 days ago

9106 N Meridian Street

Details
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 15,817
NOI $151,719
Occupancy 82%
Tenancy Multi
Price per SqFt $187
Class B
Buildings 1
Stories 2
Acreage 1.460
Zoning C-1
Investment Type Owner/User

Premier Owner-Occupant or Investment Opportunity

Marketing description

Discover a rare opportunity to acquire a two-story, 15,817 SF medical/office property strategically located along prestigious North Meridian Street. Situated on 1.46 acres with excellent visibility and direct access to I-465, this asset combines stable tenancy with immediate upside potential.

Currently 82% leased, the property features long-term commitments from established tenants including Children’s Resource Group, Kerrie L. Posey, MD, LLC, and Hughes Orthodontics LLC, while offering an available 2,884 SF second-floor suite (expandable to 4,499 SF in 2026). This blend of in-place income and vacancy provides flexibility for both investors seeking cash flow and owner-occupants looking for high-quality space in an amenity-rich corridor.

Investment highlights

Property Highlights:

  • ±15,817 SF across two floors

  • Built in 1997 | Zoned C-1

  • 4.27/1,000 parking ratio (75 spaces)

  • Prominent exterior building signage opportunity

  • Asking Price: $2,950,000 ($186.51/SF)

  • Surrounded by premier retail, dining, hotels, and fitness amenities

  • Just one mile from the I-465 interchange, offering seamless regional access

This highly visible Northside location positions tenants and owners in the heart of Indianapolis’ most dynamic suburban office and medical corridor, with proximity to Whole Foods, Target, Williams-Sonoma, Firebirds, and numerous national and local operators.

Listing Contacts

LL
IN RB25000907
Cushman & Wakefield - Indianapolis, Indiana
JG
IN RB15001077
Cushman & Wakefield - Indianapolis, Indiana
Listed by Cushman & Wakefield - Indianapolis, Indiana

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,719.00
$12,643.25/mo

Valuation Metrics

0
DSCR
5.14%
Cap Rate
5.14%
ROI

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Additional Information

Name
Luke Lonneman
License
RB25000907
Brokerage
Cushman & Wakefield
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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