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406 Commerce Rd
5,820 SF of Office/Retail Space Available in Richmond, IN 47374
Highlights
- Seconds from I-70 and US 40
- Combine with Adjacent Property Option
- Build-to-Suit Option
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,820 SF | Negotiable | $6.24 /SF/YR $0.52 /SF/MO $36,317 /YR $3,026 /MO | Triple Net (NNN) |
1st Floor
An outstanding chance awaits for a commercial warehouse or retail space spanning 5820 square feet. This building offers immense potential for various purposes, featuring robust steel construction and a durable metal roof. Additionally, it offers the flexibility to be customized as a build-to-suit option. Conveniently situated on Richmond's East Side and mere seconds away from I-70 and US 40, this space is primed for success. For further information or to arrange a private tour, contact Alan Stamper at 765-994-8822.
- Lease rate does not include utilities, property expenses or building services
- Seconds from I-70 and US 40
- Build-to-Suit Option
- Robust Steel Construction
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 406 Commerce Rd , Richmond, IN 47374
| Total Space Available | 5,820 SF | Gross Leasable Area | 5,820 SF |
| Property Type | Retail | Year Built | 1981 |
| Property Subtype | Freestanding | Parking Ratio | 2.58/1,000 SF |
| Total Space Available | 5,820 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,820 SF |
| Year Built | 1981 |
| Parking Ratio | 2.58/1,000 SF |
About the Property
An outstanding chance awaits for a commercial warehouse or retail space spanning 5820 square feet. This building offers immense potential for various purposes, featuring robust steel construction and a durable metal roof. Additionally, it offers the flexibility to be customized as a build-to -suit option. Conveniently situated on Richmond's East Side and mere seconds away from I-70 and US 40, this space is primed for success. For further information or to arrange a private tour, contact Alan Stamper at 765-994-8822.
Nearby Major Retailers
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406 Commerce Rd
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