Receivership Sale: Class A Office Tower | Indianapolis CBD

Starting Bid $1,500,000

Brokered by Cushman and Wakefield and powered by RealINSIGHT Marketplace is 1099 N Meridian Street, a 12-story, 286,467 SF Class A office building located in the Downtown submarket of Indianapolis, Indiana. The property occupies a prominent position on the northern edge of the CBD with direct frontage and expansive visibility along Interstate 65, immediate access to both I-65 and I-70, and a highly coveted free parking ratio of 3.6 spaces per 1,000 SF across 1,027 controlled surface spaces — an extremely rare attribute in a downtown market. Currently 39% leased to a creditworthy tenant roster including U.S. Citizenship & Immigration Services, Disciples of Christ Christian Church, Jacobs Engineering, and Volunteers of America, the property offers in-place cash flow alongside a compelling lease-up opportunity driven by five full floors of recently vacated space formerly occupied by IU Health. With ±25,000 SF floorplates, renovated amenities including a conference center, fitness center, and outdoor social areas, and a cost basis well below the approximately $450/SF replacement cost for new Class A office, the property is positioned for an owner-user, operator with a user-in-tow, or value-add investor seeking outsized returns in one of the Midwest's strongest office markets.

Auction Broker: Rebecca Wells

Broker E-mail:

Auction Company: Cushman & Wakefield