231-235 S Meridian Street Portfolio

For Sale

231-235 S Meridian St, Indianapolis, IN 46225

This Indianapolis property for sale is located at 231-235 S Meridian St. Contact the listing broker for details on the current sale price for 231-235 S Meridian Street Portfolio. 231-235 S Meridian Street Portfolio is situated on a lot that is 0.2 acre in size.

Contacts

broker

Gary Perel

ALO Property Group

Property Details

  • Property Type Retail - Freestanding
  • Property Size 39,195 SF
  • Lot Size 0.2 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1880
  • Date Updated Nov 22, 2024
Presenting an exceptional adaptive reuse opportunity in the heart of downtown Indianapolis. Perfectly positioned within the vibrant Central Business District (CBD), this historic property offers unparalleled access to the city’s economic and cultural epicenter. The location is steps away from major attractions, including Lucas Oil Stadium, Gainbridge Fieldhouse, and the Indiana Convention Center, which collectively draw millions of visitors annually for events, sports, and conventions. Surrounded by the bustling Wholesale District, the property benefits from a thriving urban environment rich with high-end dining, retail, and entertainment venues, catering to both residents and tourists alike. This prime location is further enhanced by the surge of development projects underway in the immediate vicinity, from luxury residential towers to new mixed-use spaces, all contributing to the area’s dynamic growth. The vibrant atmosphere and consistent foot traffic create a unique opportunity for retail investors and developers to repurpose or modernize this stand-alone building. Whether envisioning boutique storefronts, innovative entertainment concepts, or cutting-edge office spaces, this site is strategically positioned to leverage the momentum of Indianapolis’ ongoing downtown revitalization and maximize its potential in this flourishing market.Introducing a premier investment opportunity in the heart of downtown Indianapolis, these historic buildings totaling 39,195 SF, were constructed in 1880, offering an exceptional opportunity for retail and free-standing building investors. The property, boasting CBD-2 zoning, presents vast potential for development or adaptive reuse in the city's coveted Central Business District. Embrace the unique character of this timeless structure while tapping into the bustling economic activity of the CBD area. With its prime location and substantial square footage, this property is an ideal canvas for visionaries seeking to make their mark in the vibrant landscape of downtown Indianapolis.

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Highlights

  • Exceptional adaptive reuse opportunity in the heart of downtown Indianapolis.
  • Prime location near major developments: Shinola Hotel, Live Nation Concert Venue, and Circle Center Mall Redevelopment.
  • $9.5 billion investment pipeline in Indianapolis’ Central Business District.
  • Steps away from premier sports venues: Lucas Oil Stadium and Gainbridge Fieldhouse.
  • Vibrant surroundings: 400+ restaurants, bars, and 100+ entertainment attractions.
  • Versatile potential uses: hospitality, entertainment, retail, or office spaces.

Getting around

  • 85/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 97/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Indianapolis, IN
  • Neighborhood Wholesale District
  • Zip Code 46225
  • Market Indianapolis

Points of Interest

  • Tesla Supercharger

    0.24 miles

  • ChargePoint

    0.54 miles

  • Speedway

    0.56 miles

  • BP

    0.62 miles

  • Marathon

    0.76 miles

  • Phillips 66

    0.91 miles

  • Tesla Destination Charger

    2.04 miles

  • Electrify America

    5.86 miles

  • Union Station Parking Garage

    0.06 miles

  • World of Wonders Garage

    0.17 miles

  • Cityway North Car Park

    0.22 miles

  • Plaza Garage

    0.23 miles

  • Virginia Avenue Garage

    0.24 miles

  • Lot 43 North

    0.27 miles

  • Rolls-Royce Employee and Visitor Parking

    0.29 miles

  • City Park

    0.30 miles

  • Lot 98

    0.35 miles

  • Lot 43 South

    0.37 miles

  • Kilroy'sBar & Grill

    0.05 miles

  • The Old Spaghetti Factory

    0.05 miles

  • Hot Box Pizza

    0.07 miles

  • The Spaghetti Factory

    0.07 miles

  • Hooters

    0.08 miles

  • TaxMan CityWay

    0.14 miles

  • St. Elmo Steak House

    0.15 miles

  • Subway

    0.15 miles

  • Arby's

    0.17 miles

  • Qdoba

    0.18 miles

  • Circle Center Mall

    0.20 miles

  • Carson's

    0.22 miles

  • TJ Maxx

    0.36 miles

  • Whole Foods Market

    0.47 miles

  • Angelo's Food Market

    0.66 miles

  • Needler's Fresh Market

    0.67 miles

  • Kroger

    0.77 miles

  • Dollar General Market

    0.87 miles

  • Trans-Plants

    1.01 miles

  • Village Food Mart

    1.05 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Gary Perel

ALO Property Group