1840 N. Meridian St./ 1839 N. Illinois St.

Description

The office property is ideally located on N. Meridian Street, with easy access to the Red Line, 16thStreet and Interstate 65. It is composed of two parcels, one improved with an office building and the other with surface parking spaces. Purchased by IPS in 1993, it is zoned Community-Regional Commercial District (C-4) and is subject to Regional Center (RC) and Wellfield district (W-5) approval.

The building was constructed in 1966 and contains approximately 30,000 sq. ft. on three floors. The building fronts N. Meridian St. at E. 19th St. and sits on a block that will include a station as part of IndyGo’s Red Line Bus Rapid Transit project, to be completed in late-2019.

IU Health Methodist Hospital, which sits two blocks west of the property, is preparing to undergo a $1 billion consolidation of its Academic Health Center campus.

The site is located within one of 156 federally-designated Opportunity Zones throughout Indiana. Opportunity Zones provide an additional tool to attract investment, putting capital gain funds to work in new projects.

Address

1840 N. Meridian St./1839 N. Illinois St.

Indianapolis, IN 46202

Bid Sale

Wednesday, February 27, 2019

Information Sessions With Property Tour

  • Wednesday, January 30, 2019 at 10:00 a.m.
  • Thursday, February 7, 2019 at 10:00 a.m.

Additional Building Tour

  • Wednesday, Feb 13, 2019 at 1:00pm

All questions about IPS real estate offerings and to schedule a tour are to be in writing and directed to Abbe Hohmann, CCIM at abbe@site-strategies.com.

Bid Sale Information

Property Information Documents

IndyGo Red Line BRT

Due Diligence

Environmental Documents