Lakeview Terrace Cooperative

Welcome to the Lakeview Terrace Cooperative Website!

We hope that you will consider making Lakeview Terrace your new home. You are invited and urged to take part in our Cooperative and to attend membership meetings.

Serving on a Cooperative committee is a good way to get acquainted with other members and to help determine policies which make the Cooperative a pleasant place to live. When the resident Board is elected, perhaps you would like time to serve as a director.

This website is designed to provide information about the Cooperative, about your townhome, and about the community.


Linda Stewart
Board President

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What is a Cooperative?

Each member of Lakeview Terrace Cooperative Property owns one share and has one vote in the cooperative. The cooperative corporation holds title to the property and is responsible for the mortgage. A Board of Directors is elected by the members. The directors set policy, establish rules and determine how money is spent.

• To qualify for membership you must meet the income and credit standards established by the Board of Directors.

• Because the corporation is a not-for-profit organization, we are able to offer far more housing for less money than it would be possible for you to buy or rent anywhere else.

• Maintenance service is provided to members during normal office hours. The Cooperative’s professional maintenance staff is available to treat emergency calls on a 24-hour basis.


Lakeview Terrace Cooperative
Contact: Sandra Merriman
2170 Lake Terrace Dr.
Indianapolis, IN 46229
Phone: (317) 898-2400 TTY:711

Property Management

Office hours:
Manager: Mon., Tues., Thurs., Fri. 8 a.m. - 5 p.m.
Wed. 8 a.m. - 12:00 noon
Closed Saturday and Sunday
Fax # 317-898-2643