- For Sale Subject To Offer
- Property Type Multi-Family
- Property Size 21,464 SF
- Units 16
- Lot Size 0.03 Acre
- Building Class C
- Year Built 1895
- Date Updated Sep 4, 2026
Description
Prominently positioned along Meridian Street, Anderson's primary commercial corridor, this location offers excellent visibility and walkable access to a wide range of restaurants, retail, and entertainment options. The site sits directly across from Town Center Park, adding a desirable green-space amenity within immediate proximity. This combination of high-traffic exposure and pedestrian-friendly surroundings makes it a strong fit for tenants seeking a well-connected, amenity-rich setting.This property features 13 fully leased multifamily units on the upper level, providing immediate, stable rental income. The street-level space is currently undergoing conversion to add three additional units, offering upside potential for future lease-up. Together, these components present a compelling opportunity for continued income growth alongside near-term value-add potential.
Highlights
- Additional street-level units under construction.
- Established manufacturing and healthcare presence.
- Historic character and charm, with modern updates.
- Newly renovated units throughout.
- On-site parking lot included.
- Prime location walkable to restaurants, shops, entertainment
- Professional management available, if desired.
- Steps from Town Center Park.
- Strong population base with 55,000+ residents
False
Contacts
Robert Coombes
Coombes Real Estate
Location
Located at 1212 Meridian St, Anderson, IN 46016, this property is part of the Downtown Anderson neighborhood and Indianapolis market.
Contact Listing Broker
Robert Coombes
Coombes Real Estate