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1641 E Michigan St 1,517 SF of Office/Retail Space Available in Indianapolis, IN 46201
HIGHLIGHTS
- Heavy Daytime Vehicle & Foot Traffic
- Storage Space Available
- Prime Location - 3 Minutes to Downtown
- Surface Lot & Free Street Parking
- Outdoor Patio & Yard Access
- Located on Bike Lane
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, Ste #100 | 1,517 SF | 10’ - 14’ | 3-10 Years | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1st Floor, Ste #100
This first-floor commercial space features high ceilings and large storefront windows— the perfect canvas for a coffee shop, bodega, yoga studio, salon, or creative office. Located at a high-visibility intersection of State & Michigan, the building sits just east of downtown and within walking distance of King Dough, Natural State Provisions, Beholder, and many other neighborhood amenities. The space was most recently occupied by an office user and underwent cosmetic renovations in 2025. Additional interior and storefront improvements are required, with Building Owner open to flexible terms and a tenant improvement package. Other Space Features: • 2 Large Bathrooms (ability to add stalls) • L-shaped Floor Plan with 3 Primary Rooms • 2 Entrances: Front (storefront) and Rear (parking lot) • Dedicated HVAC • New Storefront Door • 14 Exposed Ceiling and 10 Foot Drop Ceiling
- Listed rate may not include certain utilities, building services and property expenses
- Finished Ceilings: 10’ - 14’
- Space In Need of Renovation
- Anchor Space
- Private Restrooms
- Corner Space
- High Ceilings
- Drop Ceilings
- Exposed Ceiling
- Natural Light
- Basement
- Demised WC facilities
- Open-Plan
- Yard
- 14 Foot Ceilings
- Up to 7 Reserved Parking Spaces
- Patio & Side Yard Access
- Additional Basement Storage Available
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 | 1,517 SF | Gross Leasable Area | 5,727 SF |
| Property Type | Retail | Year Built/Renovated | 1890/2025 |
| Property Subtype | Storefront | Parking Ratio | 1.75/1,000 SF |
| Total Space Available | 1,517 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,727 SF |
| Year Built/Renovated | 1890/2025 |
| Parking Ratio | 1.75/1,000 SF |
ABOUT THE PROPERTY
1641 E. Michigan Street is a beautifully restored historic building in one of Indianapolis’ fastest-growing urban neighborhoods — Holy Cross. Originally built as a corner grocery with an upstairs residence, this property has been thoughtfully renovated to preserve its character while offering modern, efficient spaces for today’s businesses. Located at a high-visibility and recently rebuilt intersection of State & Michigan, the building sits just east of downtown along a revitalizing corridor connecting downtown to the Near Eastside. Many neighborhood amenities are within walking distance including King Dough, Natural State Provisions, Beholder, La Parada, and Yazsh Bistro & Cafe.
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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Valo Advisory
1641 E Michigan St
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