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1015 Virginia Ave 1,200 - 1,400 SF of Retail Space Available in Indianapolis, IN 46203
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-1,400 SF | Negotiable | $38.78 CAD/SF/YR $3.23 CAD/SF/MO $54,289 CAD/YR $4,524 CAD/MO | Triple Net (NNN) |
1st Floor
**Approximately 1,200 SF Commercial Space – 1015 Virginia Avenue** Approximately 1,200 square feet of commercial space available on Virginia Avenue in Fountain Square. The space offers a straightforward, flexible layout that could accommodate retail, office, studio, salon, service, creative, or light commercial use. The property provides strong street visibility, convenient access to downtown Indianapolis, and attached parking. This is a practical opportunity for a small business seeking an established Fountain Square location without the cost of newly constructed or high-end retail space. **Lease Information** * Base rent: $2,200 per month * Property tax reimbursement: Currently estimated at $667 per month * Total estimated monthly payment: $2,867 * Tenant responsible for utilities * Property taxes subject to annual reconciliation * Lease terms negotiable Contact us for additional information or to schedule a showing.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,400 SF | Gross Leasable Area | 1,400 SF |
| Min. Divisible | 1,200 SF | Year Built | 1950 |
| Property Type | Retail | Parking Ratio | 8.57/1,000 SF |
| Property Subtype | Auto Repair |
| Total Space Available | 1,400 SF |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 1,400 SF |
| Year Built | 1950 |
| Parking Ratio | 8.57/1,000 SF |
Demographics
Demographics
Nearby Major Retailers
Presented by
Indy Collective
1015 Virginia Ave
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