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4250 W 38th St 9,600 SF of Retail Space Available in Indianapolis, IN 46254
Highlights
- 9,600 SF fully built-out auto garage
- New exterior paint and new parking lot w/ ample parking
- Close to multiple interstates (I-65, I465, I-74, I-70)
- Off one of the busiest intersections in Indianapolis (38th St. and Lafayette Rd.)
- Excellent visibility from the street, w/ space for 3 large signs
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 4250 | 9,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 4250
Stand-alone building, with existing, fully built-out auto garage, with existing car lifts, large work benches, and air compressors, and motorized garage doors. Additional 3,000 SF space included, which was previously a grocery store. A high population in a 3-mile radius. This property has direct access to I-65. Indiana Emergency Medical Services is two blocks away. The area has traditionally been popular with Car Sales operations and fast food restaurants; Meijer is four blocks away on 38th Street. Home Depot, Methodist Medical Plaza, banks, and FedEx are all nearby. It is 20 minutes from Indianapolis International Airport. This property has 38 parking spaces and can fit roughly 25 vehicles in the back and 5-10 cars inside the actual shop. It's zoned C4, and is outside the 100-year floodplain.
- Space is in Excellent Condition
- $11,750 per month
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 | 9,600 SF | Gross Leasable Area | 9,600 SF |
| Property Type | Retail | Year Built/Renovated | 1983/2024 |
| Property Subtype | Auto Repair | Parking Ratio | 4.06/1,000 SF |
| Total Space Available | 9,600 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 9,600 SF |
| Year Built/Renovated | 1983/2024 |
| Parking Ratio | 4.06/1,000 SF |
About the Property
Prime location at one of Indianapolis, IN's busiest intersections (38th St. and Lafayette Rd.). This area has been one of the most stable retail markets in the city. Two blocks to I-65. Sits between I-65 and I-465/I-74 interchange. Also, only a few miles to I-70. Very close proximity to Downtown Indianapolis.
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Nearby Major Retailers
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4250 W 38th St
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