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Highlights

  • Visibility
  • Frontage
  • Heavy Traffic
  • Endcap
  • Parking

Space Availability (2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor, Ste 1624
  • 1,500 SF
  • Negotiable
  • $18.00 /SF/YR $1.50 /SF/MO $27,000 /YR $2,250 /MO
  • Triple Net (NNN)
Space Use
Retail
Build-Out
Shell Space
Availability
Now

Cold dark shell, with a generous tenant improvement allowance

  • Lease rate does not include utilities, property expenses or building services
  • Prominent frontage along State Road 28
  • Convenient access to downtown Frankfort
  • 1st Floor, Ste 1632
  • 1,500 SF
  • Negotiable
  • $18.00 /SF/YR $1.50 /SF/MO $27,000 /YR $2,250 /MO
  • Triple Net (NNN)
Space Use
Office/Medical
Build-Out
Full Build-Out
Availability
Now

Medical office space with exam rooms and waiting area

  • Lease rate does not include utilities, property expenses or building services
Space Size Term Rental Rate Rent Type
1st Floor, Ste 1624 1,500 SF Negotiable $18.00 /SF/YR $1.50 /SF/MO $27,000 /YR $2,250 /MO Triple Net (NNN)
1st Floor, Ste 1632 1,500 SF Negotiable $18.00 /SF/YR $1.50 /SF/MO $27,000 /YR $2,250 /MO Triple Net (NNN)

1st Floor, Ste 1624

Size
1,500 SF
Term
Negotiable
Rental Rate
$18.00 /SF/YR $1.50 /SF/MO $27,000 /YR $2,250 /MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Build-Out
Shell Space
Availability
Now

Cold dark shell, with a generous tenant improvement allowance

  • Lease rate does not include utilities, property expenses or building services
  • Prominent frontage along State Road 28
  • Convenient access to downtown Frankfort

1st Floor, Ste 1632

Size
1,500 SF
Term
Negotiable
Rental Rate
$18.00 /SF/YR $1.50 /SF/MO $27,000 /YR $2,250 /MO
Rent Type
Triple Net (NNN)
Space Use
Office/Medical
Build-Out
Full Build-Out
Availability
Now

Medical office space with exam rooms and waiting area

  • Lease rate does not include utilities, property expenses or building services

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.

Select Tenants at Frankfort Retail Center

  • Tenant
  • Description
  • US Locations
  • Reach
  • AT&T
  • Services
  • -
  • -
  • Jimmy John's
  • Sub Sandwich
  • 3,157
  • International
  • Pizza King
  • Accommodation and Food Services
  • -
  • -
Tenant Description US Locations Reach
AT&T Services - -
Jimmy John's Sub Sandwich 3,157 International
Pizza King Accommodation and Food Services - -

Property Facts

Total Space Available 3,000 SF
Property Type Retail
Property Subtype Storefront Retail/Office
Gross Leasable Area 7,500 SF
Year Built 2017
Parking Ratio 6.67/1,000 SF

About the Property

Position your business along a high traffic stretch of State Road 28 just west of downtown Frankfort. These (2) 1,500 SF suites offer strong visibility, steady traffic counts, and quick access to Lafayette, Lebanon, Indianapolis, and I 65. Surrounded by established neighborhoods and local commerce, the site supports a wide range of retail, service, restaurant, fitness, or office uses. The space features excellent frontage, ample parking, easy ingress/egress, and an open, flexible layout ready for customization. Drive thru capability further expands potential concepts and enhances customer convenience. A practical, high exposure location in a growing market of more than 16,000 residents—without the congestion or cost of larger cities.

  • 24 Hour Access
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
  • Listing ID: 40541847

  • Date on Market: 6/3/2026

  • Last Updated:

  • Address: 1640 W State Road 28, Frankfort, IN 46041

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