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514 LOCUST MIDDLETOWN IN 512-516 Locust St
675 - 1,895 SF of Retail Space Available in Middletown, IN 47356
Highlights
- HIGH VISIBILITY LOCATION!
- TENANT IMPROVEMENT ALLOWANCE AND/OR FREE RENT OPPORTUNITY!
- CORNER LOT!
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 512 | 1,220 SF | Negotiable | $8.36 /SF/YR $0.70 /SF/MO $10,199 /YR $849.93 /MO | Full Service | ||
| 1st Floor, Ste 514 | 675 SF | Negotiable | $10.66 /SF/YR $0.89 /SF/MO $7,196 /YR $599.63 /MO | Full Service |
1st Floor, Ste 512
GREAT LOCATION FOR YOUR NEW OR EXISTING BUSINESS! LOCATED IN DOWNTOWN MIDDLETOWN WITH LARGE GLASS WINDOWS IDEAL FOR RETAIL BUSINESSES OR SHOPS, RESTAURAUNTS, OR BUSINESSES LOOKING TO GAIN BRAND AWARENESS AND VISIBLITY IN THE COMMUNITY. THIS LOWER LEVEL UNIT IS LOCATED IN A MIXED USE BUILDING IN THE HEART OF DOWNTOWN MIDDLETOWN. THIS UNIT OFFERS OVER 1220 S.F. OF LEASEABLE SPACE READY FOR YOUR FINISHING TOUCHES. THIS WAS PREVIOUSLY A SALON AND IS PRE-PLUMBED AND DESIGNED CURRENTLY TO EASILY BE TRANSFORMED BACK INTO A BARBERSHOP OR SALON BUSINESS. THIS UNIT OFFERS A LARGE COMMERCIAL RESTROOM AND ONLY REQUIRES MINOR COSMETIC TLC TO MAKE READY FOR OCCUPANCY. OWNER IS WILLING TO OFFER TENANT IMPROVEMENT ALLOWANCES AND/OR POTENTIALLY FREE-RENT OPTIONS FOR LONG-TERM 3- AND 5-YEAR LEASE OPTIONS. OWNER IS WILLING TO CONSIDER SHORTER-TERM LEASES IF REQUIRED. OPEN TO OFFERS AND NEGOTIATIONS SHOULD THIS SPACE BE A GREAT FIT FOR YOUR CURRENT OR EXISTING BUSINESS! OFF-STREET PARKING AVAILABLE. ALL UTILITIES INCLUDED IN REN
- Rate includes utilities, building services and property expenses
- Partially Built-Out as Professional Services Office
- Located in-line with other retail
- Space In Need of Renovation
- Central Air and Heating
- Private Restrooms
- HIGH VISIBILITY
1st Floor, Ste 514
GREAT LOCATION FOR YOUR NEW OR EXISTING BUSINESS! LOCATED IN DOWNTOWN MIDDLETOWN WITH LARGE GLASS WINDOWS IDEAL FOR RETAIL BUSINESSES OR SHOPS, RESTAURAUNTS, OR BUSINESSES LOOKING TO GAIN BRAND AWARENESS AND VISIBLITY IN THE COMMUNITY. THIS LOWER LEVEL UNIT IS LOCATED IN A MIXED USE BUILDING IN THE HEART OF DOWNTOWN MIDDLETOWN. THIS CORNER UNIT OFFERS OVER 675 S.F. OF LEASEABLE SPACE READY FOR YOUR DESIGN TRANSFORMATION. THERE IS AN ALLOCATED KITCHEN AREA AND A HALF BATHROOM ALREADY IN PLACE. LOWER-LEVEL BASEMENT STORAGE AVAILABLE. OWNER IS WILLING TO OFFER TENANT IMPROVEMENT ALLOWANCES AND/OR POTENTIALLY FREE-RENT OPTIONS FOR LONG-TERM 3- AND 5-YEAR LEASE OPTIONS. OWNER IS WILLING TO CONSIDER SHORTER-TERM LEASES IF REQUIRED. OPEN TO OFFERS AND NEGOTIATIONS SHOULD THIS SPACE BE A GREAT FIT FOR YOUR CURRENT OR EXISTING BUSINESS! OFF-STREET PARKING AVAILABLE. ALL UTILITIES INCLUDED IN RENT – OWNER PAYS. NO LAWNCARE MAINTENANCE.
- Rate includes utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space In Need of Renovation
- Central Air and Heating
- Private Restrooms
- Corner Space
- Basement
- Professional Lease
- Smoke Detector
- CORNER LOT, HIGH VISIBILITY LOCATION
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 512-516 Locust St , Middletown, IN 47356
| Property Type | Retail | Gross Leasable Area | 5,460 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1900 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 5,460 SF |
| Year Built | 1900 |
About the Property
GREAT LOCATION FOR YOUR NEW OR EXISTING BUSINESS! LOCATED IN DOWNTOWN MIDDLETOWN WITH LARGE GLASS WINDOWS IDEAL FOR RETAIL BUSINESSES OR SHOPS, RESTAURAUNTS, OR BUSINESSES LOOKING TO GAIN BRAND AWARENESS AND VISIBLITY IN THE COMMUNITY. THIS LOWER LEVEL UNIT IS LOCATED IN A MIXED USE BUILDING IN THE HEART OF DOWNTOWN MIDDLETOWN. THIS CORNER UNIT OFFERS OVER 675 S.F. OF LEASEABLE SPACE READY FOR YOUR DESIGN TRANSFORMATION. THERE IS AN ALLOCATED KITCHEN AREA AND A HALF BATHROOM ALREADY IN PLACE. LOWER-LEVEL BASEMENT STORAGE AVAILABLE. OWNER IS WILLING TO OFFER TENANT IMPROVEMENT ALLOWANCES AND/OR POTENTIALLY FREE-RENT OPTIONS FOR LONG-TERM 3- AND 5-YEAR LEASE OPTIONS. OWNER IS WILLING TO CONSIDER SHORTER-TERM LEASES IF REQUIRED. OPEN TO OFFERS AND NEGOTIATIONS SHOULD THIS SPACE BE A GREAT FIT FOR YOUR CURRENT OR EXISTING BUSINESS! OFF-STREET PARKING AVAILABLE. ALL UTILITIES INCLUDED IN RENT – OWNER PAYS. NO LAWNCARE MAINTENANCE.
- Air Conditioning
- Smoke Detector
Learn More About Leasing Retail Properties
Presented by
Morgan Properties
514 LOCUST MIDDLETOWN IN | 512-516 Locust St
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