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The Colony 10291 N Meridian St 30,000 SF 35% Leased Office Building Carmel, IN 46290 $3,250,000 ($108.33/SF)
Investment Highlights
- Location, location, location - I-465 & US 31 Interchange
- Easy access, unique park-like setting, & ample parking
- Unmatched at only $110/sf
- The Colony building for sale; visible from main thoroughfares
- Multiple redevelopment opportunities - office, exec. suites, coworking space, retail on first floor, mixed-use, multi-family
- 1,054 hotel rooms within a 1 mile radius
Executive Summary
Step into a premier investment opportunity in the heart of the busy Indianapolis/Carmel corridor. This office building, totaling approx. 30,000 SF, combines modern amenities, timeless curb appeal, & a very strategic location surrounded by thriving businesses & easy access routes. This property has undergone over $1 million in improvements, creating a refreshed asset for the next owner.
Recent upgrades include, but are not limited to:
- A brand-new cooling tower to support operational efficiency
- Resurfaced asphalt parking lot for a polished first impression & durability
- Remodeled elevators & entrances designed to elevate the tenant & customer experience
- Gorgeous park-like setting, w/ updated landscaping
With flexible & efficient floor plans, The Colony can support a wide variety of tenants, making it an attractive rental & investment opportunity. In short: The Colony isn’t just an office property —it’s a long-term business opportunity with immediate appeal & future upside.
Recent upgrades include, but are not limited to:
- A brand-new cooling tower to support operational efficiency
- Resurfaced asphalt parking lot for a polished first impression & durability
- Remodeled elevators & entrances designed to elevate the tenant & customer experience
- Gorgeous park-like setting, w/ updated landscaping
With flexible & efficient floor plans, The Colony can support a wide variety of tenants, making it an attractive rental & investment opportunity. In short: The Colony isn’t just an office property —it’s a long-term business opportunity with immediate appeal & future upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
30,000 SF
Building Class
B
Year Built
1988
Price
$3,250,000
Price Per SF
$108.33
Percent Leased
35%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,000 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
4.48 AC
Zoning
C-1 - Commercial
Parking
247 Spaces (8.23 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gibraltar Remembrance Services, LLC
- Professional, Scientific, and Technical Services
- -
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gibraltar Remembrance Services, LLC | Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 113
- 1,712 SF
- Retail
- Full Build-Out
- Now
- 2nd Fl-Ste 252
- 2,361 SF
- Office
- Full Build-Out
- Now
- 3rd Fl-Ste 352
- 4,979 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 113 | 1,712 SF | Retail | Full Build-Out | Now |
| 1st Fl-Ste 152 | 2,224 SF | Retail | Full Build-Out | Now |
| 2nd Fl-Ste 226 | 3,024 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 252 | 2,361 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 326 | 5,200 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 352 | 4,979 SF | Office | Full Build-Out | Now |
1st Fl-Ste 113
| Size |
| 1,712 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 152
| Size |
| 2,224 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 226
| Size |
| 3,024 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 252
| Size |
| 2,361 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 326
| Size |
| 5,200 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 352
| Size |
| 4,979 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 152
| Size | 2,224 SF |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 226
| Size | 3,024 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Fl-Ste 326
| Size | 5,200 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Property Taxes
| Parcel Number | 29-13-11-000-014.001-018 | Improvements Assessment | $558,600 |
| Land Assessment | $687,600 | Total Assessment | $1,246,200 |
Property Taxes
Parcel Number
29-13-11-000-014.001-018
Land Assessment
$687,600
Improvements Assessment
$558,600
Total Assessment
$1,246,200
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Colony | 10291 N Meridian St
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