Receivership Sale: Class A Office Tower | Indianapolis CBD

Highlights:

• 173,679 SF Lease-Up, Five Full Floors: One of the largest contiguous availabilities in the entire Downtown Indianapolis submarket.
• 1,027 Free Parking Spaces, 3.6:1,000: Controlled surface parking at a ratio virtually unmatched in downtown — a key differentiator.
• 106,000+ VPD on I-65, Premier Signage: Direct frontage at the I-65/I-70 north split with high-profile building signage opportunity.
• ~$8.5B in Active Downtown Development: Home to Eli Lilly, Cummins, Salesforce, the top U.S. convention center, and major pro sports.
• 39% Leased to Five In-Place Tenants: USCIS, Disciples of Christ, Jacobs Engineering, and Volunteers of America provide base income.
• 2016 Renovation, Amenity-Rich Class A: Conference center, fitness center, yoga studio, outdoor social areas, and a fully updated lobby.

Description:

RealINSIGHT Marketplace, in partnership with Cushman & Wakefield, is pleased to present 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.


LOCATION PROSE
1099 N Meridian Street sits on the northern edge of Downtown Indianapolis with direct frontage along Interstate 65 at the I-65/I-70 north split. The property is within walking distance of the Indiana Convention Center, Lucas Oil Stadium, and Gainbridge Fieldhouse, surrounded by the state's top corporate employers including Eli Lilly, Cummins, and Salesforce.


For more information:
https://rimarketplace.com/auction/3141/office/indianapolis/in?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=september24_2026&utm_content=office_3141

Bidding Opens
Sep 23, 2026 12:00 AM
Bidding Ends
Sep 25, 2026 12:00 AM