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1015 Virginia Ave 1,200 - 1,400 SF of Retail Space Available in Indianapolis, IN 46203
Highlights
- 1015 Virginia Avenue is a multi-tenant flex/retail commercial building offering full-floor or divisible retail availability on NNN leasing terms.
- Highly visible retail opportunity visible to more than 9,800 daily passing vehicles with direct frontage along Virginia Avenue.
- Easily accessible with two points of ingress/egress, and additional visibility from foot traffic along the paved sidewalks of Virginia Avenue.
- Approximately 4 miles outside of Downtown Indianapolis, sitting conveniently off the interchange of Interstate 70 and Interstate 65.
- Most recently used for autobody shop operations, benefitting from two large garage roll-up doors, dedicated office space, and ample yard space.
- Indianapolis’ Fountain Square neighborhood is one of the city’s most distinctive neighborhoods and a well-known cultural and commercial center.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-1,400 SF | Negotiable | $27.50 /SF/YR $2.29 /SF/MO $38,500 /YR $3,208 /MO | Triple Net (NNN) |
1st Floor
Base rent: $2,200 per month. Property tax reimbursement: currently estimated at $667 per month - total estimated monthly payment: $2,867. The tenant is responsible for utilities, property taxes are subject to annual reconciliation, and the lease terms are negotiable.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
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
| Total Space Available | 1,400 SF | Gross Leasable Area | 1,400 SF |
| Min. Divisible | 1,200 SF | Year Built | 1950 |
| Property Type | Retail | Parking Ratio | 8.57/1,000 SF |
| Property Subtype | Auto Repair |
| Total Space Available | 1,400 SF |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 1,400 SF |
| Year Built | 1950 |
| Parking Ratio | 8.57/1,000 SF |
About the Property
Indy Collective Property Group is pleased to offer 1,200 to 1,400 square feet of commercial space fronting Virginia Avenue in Indianapolis’ Fountain Square. The space offers a straightforward, flexible layout that could accommodate retail, office, studio, salon, service, creative, or light commercial use. The property provides strong street visibility, convenient access to downtown Indianapolis, and attached parking. This is a practical opportunity for a small business seeking an established Fountain Square location without the cost of newly constructed or high-end retail space. 1015 Virginia Avenue is adjacent to multiple local cafes, restaurants, storefronts, and other beloved establishments, fostering commercial synergy along Virginia Avenue. The property is also along the 10-mile Cultural Trail, a popular commuter’s path to downtown that runs through Fountain Square. 1015 Virginia Avenue’s dense 3-mile demographics indicate a growing population of 123,262 residents with a stable average household income exceeding $84,000. The realm generates a robust consumer spending power each year, surpassing $1.4 billion. Food and beverages, transportation and maintenance, and household goods represent the three largest spending categories, aligning with 1015 Virginia Avenue’s build-out and capabilities. Inquire today for additional information or to schedule a showing.
Demographics
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Three Carrots | Vegan | $ | 2 min walk |
| Bovaconti Coffee | Cafe | $ | 3 min walk |
| Square Scoop | Ice Cream | $ | 3 min walk |
| El Arado Mexican Grill | Mexican | $ | 3 min walk |
| Maialina | Italian | $$$ | 5 min walk |
| Pure Eatery | Sandwiches | $$$ | 4 min walk |
| Subway | - | - | 6 min walk |
| Papa Ray's Pizza & Wings | Pizza | $ | 8 min walk |
| Nine Lives Cat Cafe | Sandwiches | $ | 8 min walk |
| Amelia's | American | $$$ | 8 min walk |
Retail |
||
|---|---|---|
| Wildwood Market | Supermarket | In Building |
| American Hardware & Supply | Hardware | 2 min walk |
| Witch Hazel Salon | Salon/Barber/Spa | 3 min walk |
| Fox And Pearl Salon | Salon/Barber/Spa | 5 min walk |
| Arthur's Music Store | Music Instruments | 4 min walk |
| Indiana Artisan Distillers Gld | Liquor | 8 min walk |
| Goodwill | Dollar/Variety/Thrift | 8 min walk |
| Azteca Auto Sales & Service | Auto Showroom | 8 min walk |
| Old National Bank | Bank | 11 min walk |
| H&R Block | Acctg/Tax Prep | 11 min walk |
Hotels |
|
|---|---|
| Autograph Collection |
209 rooms
4 min drive
|
| Tru by Hilton |
148 rooms
4 min drive
|
| Sheraton Hotel |
378 rooms
6 min drive
|
| Staybridge Suites |
113 rooms
5 min drive
|
| Hampton by Hilton |
123 rooms
6 min drive
|
| Marriott |
650 rooms
6 min drive
|
| Sleep Inn |
91 rooms
10 min drive
|
| Holiday Inn Express |
117 rooms
11 min drive
|
| La Quinta Inns & Suites |
123 rooms
12 min drive
|
| Quality Inn |
65 rooms
12 min drive
|
Leasing Agent
Leasing Agent
Isaac Barrow, Director
Contact the Leasing Agent
1015 Virginia Ave