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3003 S Madison Ave
3,800 SF of Retail Space Available in Indianapolis, IN 46227
Highlights
- FULLY RENOVATED INTERIOR AND EXTERIOR !!! C5 ZONING
- Excellent visibility @ the Corner of Madison Ave and Troy Ave.
- HIGH HIGH HIGH Traffic count !!!
- Close to Garfield Park and Univ of Indianapolis.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,800 SF | Negotiable | $21.24 /SF/YR $1.77 /SF/MO $80,712 /YR $6,726 /MO | TBD |
1st Floor
FULLY RENOVATED INTERIOR AND EXTERIOR - NEW PHOTOS COMING SOON!!!!!!!!!!!!!!!!!!!!!!!!!!! One of "The Best Locations" to open a Pancake House / Breakfast place / Restaurant in Indianapolis close to Fountain Square ! PREVIOUS Restaurant Madison Grill in business for 40 + years. LAST Restaurant Madison Cafe in business for 5 years. Excellent visibility @ the Corner of Madison Ave and Troy Ave. Key Intersection @ the upcoming South side of Indianapolis. Close to Garfield Park and Univ of Indianapolis. Very High Traffic Count. Building in Excellent Condition with recent renovations. Owners will consider a LONG TERM lease. Open to National Retailer / Restaurateur chain leasing and doing their own build out.
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- FULLY RENOVATED RESTUARANT IN THE HEART OF INDY!!
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 3003 S Madison Ave , Indianapolis, IN 46227
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Restaurant | Parking Ratio | 6.58/1,000 SF |
| Gross Leasable Area | 3,800 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,800 SF |
| Year Built | 1950 |
| Parking Ratio | 6.58/1,000 SF |
About the Property
ENDLESS OPPOTUNITIES !!! C5 ZONING !!! HIGH HIGH HIGH TRAFFIC COUNT !!! CALL FOR NATIONAL REAILER / BANK / RESTAURANT CHAIN / LOCAL RESTAURANT. 3800 SQ FEET BUILDING (APPROX.) FULLY RENOVATED INTERIOR AND EXTERIOR - NEW PHOTOS POSTED! OLD PHOTOS TO COMPARE!! One of "The Best Locations" to open a Pancake House / Breakfast place / Restaurant in Indianapolis close to Fountain Square ! PREVIOUS Restaurant Madison Grill in business for 40 + years. LAST Restaurant Madison Cafe in business for 5 years. Excellent visibility @ the Corner of Madison Ave and Troy Ave. Key Intersection @ the upcoming South side of Indianapolis. Close to Garfield Park and Univ of Indianapolis. Very High Traffic Count. Building in Excellent Condition with recent renovations. Owners will consider a LONG TERM lease. Open to National Retailer / Restaurant chain leasing and doing their own build out.
- Corner Lot
- Pylon Sign
Nearby Major Retailers
Presented by
Vivek Kumar
3003 S Madison Ave
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