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SPACE HAS BEEN LEASED _ Downtown Retail 901 N Pennsylvania St 1,733 SF of Retail Space Available in Indianapolis, IN 46204
HIGHLIGHTS
- Heavy density in the busy "Library Square" corridor, in the historic and beautiful St. Joseph neighborhood
- Within walking distance to Mass Ave corridor (within 5 blocks SE)
- Zoned CBD-2 Site Plan and Floor Plan drawing attached for review
- Downtown Indy north-quadrant, on the bus line, directly east of of the public Central Library
- Two Unique Freestanding buildings sharing a Private Parking Lot
- Open layout easily adaptable for boutique retail, coffee/cafe, service industry, or creative office
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 901 | 1,733 SF | 9’ - 9’6” | Negotiable | $33.51 CAD/SF/YR $2.79 CAD/SF/MO $58,076 CAD/YR $4,840 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 901
Free-standing building with outdoor covered patio and parking in the fully fenced and gated parking lot (shared with 907, The Pet Spaw). Believed to be originally built as a neighborhood grocery store around 1920, that became one of the first Kroger grocery stores in Indianapolis in 1924. Presented today after being completely renovated inside and out, joined by owner/Landlord with its adjacent neighbor building (907/THE PET SPAW) now offers parking in the fully fenced & gated parking lot. Open interior floor plan easily adaptable for retail, restaurant, coffee shop, cafe, service industry, or creative office. Beautifully restored interior brick tile walls exude charm and character of a rich history. Interior completely renovated providing new insulated storefront windows (ends open to fresh air), entry doors, polished concrete floors, exposed wood deck ceiling, amber café lights, two restrooms (ADA), all new mechanical (HVAC), electrical (400A/3-Phase/120/208), water heater, exterior siding, & roof. Exterior newly fenced in trash containment area adjacent the curb-cut on 9th Street provides one parking spot for deliveries at the back door of building. Offering unique opportunity with a fresh clean slate for the next successful tenure. Property zoning CBD-2 allowing restaurant, office, or retail uses. New pizzeria ideal for the neighborhood to enjoy, historically there was a pizza restaurant on this corner for over 40 years (Combined 901 & 907 N Penn).
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Central Air and Heating
- Private Restrooms
- Corner Space
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 9’ - 9’6”
- Wheelchair Accessible
- Totally Renovated & Move-in ready!
- Creative, lofty, open floor plan with exposed HVAC
- Natural light with downtown view & accessibility
- Prime street frontage offering maximum visibility
- Prime opportunity for a pizzeria!
- Fenced and gated parking lot
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 | 1,733 SF | Gross Leasable Area | 2,922 SF |
| Property Type | Retail | Year Built/Renovated | 1920/2025 |
| Property Subtype | Freestanding | Parking Ratio | 7.53/1,000 SF |
| Total Space Available | 1,733 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,922 SF |
| Year Built/Renovated | 1920/2025 |
| Parking Ratio | 7.53/1,000 SF |
ABOUT THE PROPERTY
SPACE HAS BEEN LEASED | 901 N Penn is a single-story brick building with 23’ exterior patio enclosed with a 4’ high railing and covered canvass awning. The building has been completely remodeled with new; Pella windows & doors, roof, hvac, 400A 3P power, stunning brick and polished concrete floors, and two restrooms. Ready for immediate occupancy. The site consists of two free-standing buildings (901 and 907 N Penn) sharing a total 0.28 acre lot property including 22 + private parking spaces. Offering an ideal opportunity in seek of a commercial freestanding building, rich in charm, well-positioned, highly visible, and easily accessible, with a private gated parking lot in downtown Indy. Here it is! Located in the St. Joseph neighborhood of rich architectural history, dubbed "Library Square”, in downtown Indianapolis on the north-east corner of 9th and Pennsylvania St. The adjacent neighbor in 907 N Penn. is now home to The Pet Spaw, a pet grooming boutique. Call today for a tour of this beautiful space positioned for success.
- 24 Hour Access
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
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SPACE HAS BEEN LEASED _ Downtown Retail | 901 N Pennsylvania St
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