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Circle Centre 49 W Maryland St 9,609 SF of Office/Retail Space Available in Indianapolis, IN 46204
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 118 | 9,609 SF | May 2032 | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1st Floor, Ste 118
** The sublessor is prepared to make an aggressive deal.** Located in the heart of Indianapolis's CBD, this space offers easy walking access to the best of downtown — dining, sports and entertainment venues, hotels, and cultural attractions. While the address is listed as 49 W. Maryland Street, the space itself sits at 47 S. Illinois Street, between Ruth's Chris and P.F. Chang's. Entrances are available directly off Illinois Street and from inside Circle Centre Mall, with convenient access to underground parking. The current buildout is both unique and move-in ready, offering exceptional flexibility for a range of uses — coworking space, traditional office, coffee shop, or restaurant. Some restaurant infrastructure is already in place, including a hood system and walk-in freezers, making conversion straightforward for a food-service tenant. The space will not be affected by Hendricks Commercial Properties' planned redevelopment of Circle Centre Mall. Furniture and fixtures can be included in the sublease, with terms open to negotiation. **The sublessor is prepared to make an aggressive deal.**
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- 21 Private Offices
- 5 Conference Rooms
- Space is in Excellent Condition
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.
Select Tenants at Circle Centre
- Tenant
- Description
- US Locations
- Reach
- Harry & Izzy's
- Restaurant
- 1
- Local
- Helium Comedy Club
- Cocktail Bar
- 6
- National
- Indianapolis Star
- Newsstand
- 2
- Regional
- P.F. Chang's
- Restaurant
- 211
- International
- Punch Bowl Social
- Restaurant
- 13
- National
- Regal Cinemas
- Cinema
- 476
- National
| Tenant | Description | US Locations | Reach |
| Harry & Izzy's | Restaurant | 1 | Local |
| Helium Comedy Club | Cocktail Bar | 6 | National |
| Indianapolis Star | Newsstand | 2 | Regional |
| P.F. Chang's | Restaurant | 211 | International |
| Punch Bowl Social | Restaurant | 13 | National |
| Regal Cinemas | Cinema | 476 | National |
Property Facts
| Total Space Available | 9,609 SF | Year Built | 1995 |
| Property Type | Retail | Parking Ratio | 3.84/1,000 SF |
| Gross Leasable Area | 740,647 SF | Cross Streets | S Meridian St |
| Total Land Area | 4.26 AC |
| Total Space Available | 9,609 SF |
| Property Type | Retail |
| Gross Leasable Area | 740,647 SF |
| Total Land Area | 4.26 AC |
| Year Built | 1995 |
| Parking Ratio | 3.84/1,000 SF |
| Cross Streets | S Meridian St |
Features and Amenities
- 24 Hour Access
- Atrium
- Food Court
- Security System
- Signage
- Tenant Controlled HVAC
- Enclosed Mall
- Wheelchair Accessible
- Car Charging Station
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
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Circle Centre | 49 W Maryland St
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