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Free-Standing Building with Parking Downtown 952 N Delaware St
4,000 SF of Retail Space Available in Indianapolis, IN 46202
Highlights
- Freestanding prominent building for lease in downtown Indy
- 4K/s.f. first floor & 4K/s.f. lower-level store-room
- On-site private parking 12+ cars, plus free street parking on Delaware & Saint Joseph St.
- Single-story, concrete block building, huge south & east facing windows
- Property on Delaware St. directly visible to heavily trafficked northbound commuters
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 4,000 SF | 10’ | 3-5 Years | $18.00 /SF/YR $1.50 /SF/MO $72,000 /YR $6,000 /MO | Triple Net (NNN) |
1st Floor
First floor showroom finished floor plan with huge east & south facing windows, one large office, two restrooms, 10’ drop ceiling, fluorescent lighting, concrete and slim tile floors, 8' overhead door, conveyor belt & interior stairs to usable lower level. Lower-level has automatic motion lighting, wide-open floor plan, mechanical room, concrete flooring, 9’ ceiling, dry clean and painted white
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Wi-Fi Connectivity
- High Ceilings
- Drop Ceilings
- After Hours HVAC Available
- Finished Ceilings: 10’
- Basement
- Free-standing, single-tenant building with parking
- 4K/SF grade level + 4K/SF LL (8K/SF usable)
- On N.W. corner of Delaware & 9th St. (St. Joseph)
- In the historic St. Jospeh neighborhoor (bldg)
- Excellent condition, ready for occupancy
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 952 N Delaware St , Indianapolis, IN 46202
| Property Type | Retail | Year Built/Renovated | 1959/2021 |
| Property Subtype | Freestanding | Parking Ratio | 3/1,000 SF |
| Gross Leasable Area | 4,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,000 SF |
| Year Built/Renovated | 1959/2021 |
| Parking Ratio | 3/1,000 SF |
About the Property
4K/SF (40' x 100') free-standing building on 0.26/AC paved parking lot, in downtown Indy. The property is located on the N.W. corner of St. Joseph (9th) and Delaware St., north of BP Amoco gas, south of the University Club (private), two blocks south of the Interstate 65/70 eastbound on-ramp. Entry doors from both Delaware St. and south facing parking lot, overhead loading door on west-facing wall, in front of an interior heavy duty conveyor belt loading to the basement storage floor. Excellent visibility and accessibility, private parking (12 +/- spots), signage above buildings' s.w. corner entry doors and a pylon sign on 9th St., curb-cut access directly off of Delaware St. & 9th St. Conveniently located in the northeast quadrant of Indy's central business district. Prominently facing northbound Delaware St., & easily accessible from southbound Pennsylvania St., home to the Living Room Lounge, the Arts Council of Indy, Cabaret Theater, the Central Library, and countless complimenting other businesses & residential neighborhoods that surround in the immediate area. The previous tenant (popular retail paint store) occupied the building for over 60 years. Well cared for, bright, clean, open floor plan, excellent access & visibility, flexible space can accommodate many types of businesses (retail, office, service, flex).
- 24 Hour Access
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Nearby Major Retailers
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Free-Standing Building with Parking Downtown | 952 N Delaware St
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