Corner lot at South Meridian and Arizona, just over a mile south of downtown Indianapolis. This 0.12-acre (5,314 sq ft) C-3-zoned parcel sits on level ground with full frontage on two city streets. Utilities on site include electric, gas, water, and municipal sewer, with approved curb cuts already in place. C-3 zoning allows for a wide range of commercial uses-think drive-thru restaurants, auto sales or repair, barbershops, medical offices, or small retail. With high traffic visibility and close proximity to major roads, this is a practical site for a single-user business or a modest multi-tenant build. No fluff-just a solid commercial lot in a growing part of the city.
Active
$74,000
1401 S Meridian St, Indianapolis, IN 46225
--beds
--baths
5,227Square Feet
Unimproved Land
Built in ----
5,227 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High traffic visibilitySits on level ground
- 108 days |
- 47 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Basim Najeeb 317-657-2442,
Keller Williams Indy Metro Partners
Source: MIBOR as distributed by MLS GRID,MLS#: 22092124
Facts & features
Property
Lot
- Size: 5,227 Square Feet
- Features: Corner
- Topography: Level
Details
- Parcel number: 491113147009000101
- Zoning: C-4
- Zoning description: Commercial
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water on Site
Community & HOA
Community
- Subdivision: Pennsylvania Cos
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $13,600
- Annual tax amount: $322
- Date on market: 3/31/2026
- Cumulative days on market: 108 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,603/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Listed for sale | $74,000 |
Source:  MIBOR as distributed by MLS GRID #22092124 Report a problem | ||
| 9/24/2025 | Listing removed | $74,000 |
Source: MIBOR as distributed by MLS GRID #22047254 Report a problem | ||
| 7/11/2025 | Listed for sale | $74,000 |
Source: MIBOR as distributed by MLS GRID #22047254 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $323 +6.7% | $13,600 |
| 2024 | $302 -0.2% | $13,600 +24.8% |
| 2023 | $303 -6.3% | $10,900 |
| 2022 | $323 +0.2% | $10,900 |
| 2021 | $323 | $10,900 |
| 2020 | -- | $10,900 +1262.5% |
| 2019 | $19 +12.2% | $800 |
| 2018 | $17 +2.2% | $800 |
| 2017 | $17 -5.7% | $800 |
| 2016 | $18 +1.8% | $800 |
| 2014 | $17 -3.7% | $800 |
| 2013 | $18 | $800 |
| 2012 | $18 | $800 |
| 2011 | -- | $800 |
| 2010 | $17 -2.5% | $800 |
| 2009 | $17 | $800 |
| 2007 | -- | $800 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Near Southside
Nearby schools
GreatSchools rating
- 3/10James A. Garfield School 31Grades: PK-5Distance: 0.4 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3.8 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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