Conversation - Office to Apartments 2 Office Properties Offered at $6,900,000 in Indianapolis, IN

INVESTMENT HIGHLIGHTS

  • Opportunity to Convert Office to Apartments
  • Opportunity to Convert Office to Mixed Use
  • Opportunity to Convert Office to Medical Office
  • Opportunity to Convert Office to Hotel

EXECUTIVE SUMMARY

• $4.3 Billion IU Health Hospital Expansion
• Red Line Mass Transit System with a shelter/stop at the 1800 Building
• $65 Million TWG Mixed Use development across the street
• 5 Story Wesley Place 240 unit apartments across the street (under construction)
• 6 story Hall Place 279 unit apartments next door (under construction)
• The property is located inside the North Meridian TIF District and a Qualified Opportunity Zone
• ZonedC4
• A Bodner built building, originally for Indiana Bell offices.
• Two Office Buildings, Parking Garage and Parking Lot must be sold together.

PROPERTY FACTS

Price $6,900,000
Price / SF $71.88 / SF
Sale Conditions
High Vacancy Property
  • Redevelopment Project
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 96,000 SF
Total Land Area 0.66 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1800 Bldg
1800 N Meridian St, Indianapolis, IN 46202
Office 84,000 SF 1950 -
1812 N Meridian St, Indianapolis, IN 46202 Office 12,000 SF 1956 -
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  • Listing ID: 29286864

  • Date on Market: 6/28/2023

  • Last Updated:

  • Address: Conversation - Office to Apartments, Indianapolis, IN