8809 S Merdian — Sale in Indianapolis, IN

  • Price: $300K
  • Listing type: For sale
  • Asset type: Office
  • Location: Indianapolis, IN 46217
  • Size: 3,100 SF

Investment Figures

Price per square foot
$97

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Utilize the existing house as office space or take it down and redevelop the site to meet your business’ needs. Located on the north end of SR-135’s main retail corridor, this property is prime for commercial use. Curb cuts on South Meridian Street, which promotes excellent ingress and egress opportunities. Nestled in between a residential and commercial area puts rooftops right at your back door. This location boasts excellent visibility with above average daily traffic counts and is perfect for a business who wants to be close to amenities and potential customers. This property is split into two separate parcels, zoned commercial with a 3100 SF residential structure on it. Building SF: 3100 | Land Size: 0.94 Ac | Listing Type: FOR SALE

Market Context

This office in Indianapolis, IN is listed for sale at $300,000 across 3,100 SF ($97/SF). It has been on the market for 70 days. Compare it against other office listings for sale in Indianapolis, IN — view the full market.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per multiple brokerage reports.

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