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116 S Indiana Ave
1,412 - 7,020 SF of Space Available in Bloomington, IN 47408
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste Lower Level | 1,412 SF | 8’ | Negotiable | $13.85 /SF/YR $1.15 /SF/MO $19,556 /YR $1,630 /MO | Triple Net (NNN) | |
| 2nd Floor | 5,608 SF | - | 5-15 Years | $20.71 /SF/YR $1.73 /SF/MO $116,142 /YR $9,678 /MO | Triple Net (NNN) |
1st Floor, Ste Lower Level
Centered across Indiana Avenue from the Indiana University Sample Gates to the north and Maurer School of Law to the south, the Lewis Building has great exposure to the Indiana University campus. The available suite is entered off Indiana Avenue. From the main entry landing on Indiana Avenue, descend the wide and carpeted staircase. There is also a back entry that has an exit directly to the outside. Long term tenants in the building include Qdoba, Dagwood's Deli and Indiana University's law clinics. This is a NNN lease. CAM, RE Tax and INS are currently estimated at $571.86 per month (in addition to the $1,759.12 per month Rent). Water estimate will be based upon user-tenant. Tenant pays electric (mandatory). Internet, phone, cable tv are also paid by tenant (optional). Tenant improvements are negotiable, based on lease term. This can be a quick turn around - paint, flooring and you are ready to open!
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
- Finished Ceilings: 8’
- Central Air and Heating
- Private Restrooms
- After Hours HVAC Available
- Accent Lighting
- Open-Plan
2nd Floor
Class A office space across the street from Indiana University Bloomington. Located on the corner of Indiana Avenue and 4th Street - this is a prime location with the Sample Gates to the north, IU President's office directly across and Maurer School of Law to the south. The Lewis Building has great exposure to the Indiana University campus. Neighbors include IU Maurer Law, Starbucks & Qdoba along with Bloomington staples Buffalouies & Dagwoods Deli. The suite has an elevator / stair entry on 4th Street and stair entry on Indiana Avenue. This is a NNN lease. With fees currently estimated as follows - CAM ($1.75/sf), RETax ($2.81/sf) & INS ($0.55/sf). The water estimate will be based upon user-tenant size. Tenant pays electric (mandatory). Internet, phone, cable tv are also paid by tenant (optional). 10-12 parking spaces can be available in the two adjacent parking lots.
- Lease rate does not include utilities, property expenses or building services
- Office intensive layout
- Space is in Excellent Condition
- Central Air and Heating
- Elevator Access
- Fully Carpeted
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 FOR 116 S Indiana Ave , Bloomington, IN 47408
| Property Type | Retail | Year Built | 2007 |
| Property Subtype | Storefront | Parking Ratio | 0.55/1,000 SF |
| Gross Leasable Area | 18,141 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 18,141 SF |
| Year Built | 2007 |
| Parking Ratio | 0.55/1,000 SF |
About the Property
Lewis Building at Indiana Avenue and 4th Street. Across from the Indiana University Sample Gates and Maurer School of Law. Major tenants are Qdoba, Dagwood's Deli and Indiana University Maurer Law Clinics. No smoke shops-prohibited.
Nearby Major Retailers
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116 S Indiana Ave
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