$300,000

Estimated payment $2,161/month

Total Views 13,162
0.94 Acre
$319,149 Price per Acre
40,946 Sq Ft Lot

About This Lot

Discover the endless possibilities with this exceptional 0.94-acre commercial land opportunity located at 8809 S Meridian St in the bustling city of Indianapolis, Indiana. Boasting a strategic location and versatile existing structure, this property offers a rare opportunity for developers, investors, and business owners alike. Strategic Location: Situated on the highly desirable S Meridian St, this property enjoys high visibility and easy access to major transportation routes, ensuring maximum exposure and accessibility for businesses and customers alike. Versatile Existing Structure: Featuring existing house on the premises, this property offers the flexibility to utilize the structure as office spaces, retail outlets, or other commercial purposes, providing immediate occupancy options for businesses seeking a turnkey solution. Redevelopment Potential: Alternatively, the existing house could be razed to make way for new development, allowing for the construction of custom-designed office buildings, retail centers, or mixed-use developments tailored to the specific needs of the buyer. Ample Space: Spanning 0.94 acres, this parcel provides ample space for development projects, offering endless possibilities. Utilities Accessible: Essential utilities such as water, electricity, gas, and sewer connections are readily available, streamlining the development process and minimizing infrastructure costs. Ideal for Office complexes, Retail centers, Mixed-use developments, Medical facilities, Professional services, And more! Don't miss out on this exceptional opportunity to capitalize on the potential of one of Indianapolis's most coveted commercial locations. Whether you're looking to establish a new business or embark on a redevelopment project, this prime land parcel offers the perfect canvas to bring your vision to life.

Listing Agent

Josie Lavey

Keller Williams Indpls Metro N License #RB20001480 Listed on: 10/23/2024

Keller Williams Indpls Metro N

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,760

Lot Details

  • 0.94 Acre Lot
  • Additional Parcels

Community Details

  • Southern Homes Subdivision

Listing and Financial Details

  • Tax Lot 44, 45
  • Assessor Parcel Number 491424120007000500

Property Details

Property Type

Land

Est. Annual Taxes

$6,760

Lot Details

0

Listing Details

  • Type: See Remarks
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Lot Size Acres: 0.94
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Southern Homes
  • Transaction Type: Sale
  • Special Features: None

Exterior Features

  • List Price: 300000
  • Other Structures: See Remarks
  • Topography: Level
  • Road Access: Frontage Road,Street Cuts
  • Water: Municipal Water on Site

Utilities

  • Sewer: Public Sewer
  • Solid Waste: No

Lot Info

  • Additional Parcels Description: SOUTHERN HOMES L44 EX 0.012AC W SIDE
  • Additional Parcels: Yes
  • Current Use: Vacant
  • Development Status: NoStatus
  • Horse Amenities: None
  • Lot Size Sq Ft: 40946
  • Number Of Lots: 2
  • Parcel Number: 491424120007000500
  • Zoning: Commercial
  • Acres: 1/2-1 Acre
  • Land Characteristics: Mature Trees
  • Present Zoning: Commercial,Single Family,See Remarks
  • Price Acre: 319149
  • Soil Type: Not Applic
  • Divisible: No

Tax Info

  • Tax Annual Amount: 6760
  • Tax Lot: 44, 45
  • Semi Annual Property Tax Amt: 3380

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,192 $253,800 $23,300 $230,500
2023 $6,192 $234,200 $23,300 $210,900
2022 $5,631 $211,200 $23,300 $187,900
2021 $4,944 $181,900 $23,300 $158,600
2020 $4,499 $164,000 $23,300 $140,700
2019 $2,688 $94,300 $17,900 $76,400
2018 $2,543 $90,000 $17,900 $72,100
2017 $3,827 $139,300 $17,900 $121,400
2016 $3,922 $143,000 $17,900 $125,100
2014 $3,560 $146,700 $17,900 $128,800
2013 $3,280 $138,200 $17,900 $120,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 For Sale $300,000 0.0% --
05/09/2025 05/09/25 Pending -- -- --
10/23/2024 10/23/24 For Sale $300,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed -- Chicago Title Smith Valley
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $112,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22008073

MIBOR Broker Listing Cooperative®

APN: 49-14-24-120-003.000-500