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220 Columbia St 3,653 SF of Retail Space Available in Lafayette, IN 47901
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,653 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1st Floor
$3,500/SF/month + utilities
- Listed rate may not include certain utilities, building services and property expenses
- Full commercial kitchen
- Excellent visibility
- Low rent per square foot
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 | 3,653 SF | Gross Leasable Area | 47,506 SF |
| Property Type | Retail | Year Built | 1910 |
| Total Space Available | 3,653 SF |
| Property Type | Retail |
| Gross Leasable Area | 47,506 SF |
| Year Built | 1910 |
ABOUT THE PROPERTY
We are pleased to offer this great ground level former restaurant suite for lease. The space is within an iconic historic building at the corner of Columbia and Third Street in Downtown Lafayette. The beautifully maintained structure lies at a gateway to Purdue University and is directly across the street from the Courthouse. Unique architectural details and a stable tenant mix on upper levels make this an ideal location for your business. The suite features a commercial kitchen, bar, and more! Street parking serves the property, along with a municipal parking garage directly across the street. Tenant improvement allowance will be considered for quality prospective tenants which can demonstrate a track record of operational success, and strong credit.
NEARBY MAJOR RETAILERS
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220 Columbia St
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