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2623 Shelby St
4,536 SF of Retail Space Available in Indianapolis, IN 46203
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,536 SF | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $63,504 /YR $5,292 /MO | TBD |
1st Floor
This property offers four individual storefronts for lease, each with 1,134 square feet of space, available at $1,323 per unit. Units can be rented individually or combined to meet your business needs. With C-3 zoning, these spaces are perfect for retail shops, restaurants, or other commercial uses, providing flexibility for a variety of businesses. The building owner is dedicated to tenant success and is offering improvements, including electrical updates, drywall installation, wall priming, and floor preparation. All HVAC systems will also be upgraded or made fully operational. Situated on Shelby Street in the heart of Garfield Park, this property is surrounded by an exciting mix of thriving businesses, including Cafe Babette, Ceremony Tattoo, Parkside Public House, Pen and Pink, Garfield Barbershop, and Serendipity Plants. This location is part of the vibrant redevelopment transforming Garfield Park into a sought-after commercial and cultural destination. Don't miss this opportunity to establish your business in one of Indianapolis's fastest-growing neighborhoods! The building owner, who is also the listing agent, owns the adjacent commercial property as well as the Yoke Pavilion across the street, which includes the restaurant Parkside Public House. The owner is open to negotiation and is prepared to offer build-out resources and tenant improvement budgets to meet your clients' needs.
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 2623 Shelby St , Indianapolis, IN 46203
| Property Type | Retail | Gross Leasable Area | 4,536 SF |
| Property Subtype | Restaurant | Year Built | 1930 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,536 SF |
| Year Built | 1930 |
Nearby Major Retailers
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2623 Shelby St
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