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231 S College Ave 1,668 SF of Retail Space Available in Indianapolis, IN 46202
HIGHLIGHTS
- Street Frontage on S College Ave
- Near Major Corporate Campuses
- Other Tenants include Mori Sushi, barre3, and Holladay Properties
- Next to Luxury Apartment Communities & Townhomes
- Easy On/Off Access to I-65 and I-70
- On-Site Parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 150 | 1,668 SF | 3-5 Years | $19.00 /SF/YR $1.58 /SF/MO $31,692 /YR $2,641 /MO | Triple Net (NNN) |
1st Floor, Ste 150
1,668 SF of Retail Space in Fletcher Place near downtown Indianapolis. Surrounded by luxury apartment communities and townhomes and close to major corporate campuses like Eli Lilly, Anthem, and Indiana Farm Bureau. Other tenants include Mori Sushi, barre3, and Holladay Properties.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Available Off-street Parking
- Flexible open floorplan for many different uses
- Adjacent to Luxury Apartments & Townhomes
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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 1,668 SF | Gross Leasable Area | 20,870 SF |
| Property Type | Retail | Year Built/Renovated | 2003/2019 |
| Property Subtype | Storefront | Parking Ratio | 4.97/1,000 SF |
| Total Space Available | 1,668 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 20,870 SF |
| Year Built/Renovated | 2003/2019 |
| Parking Ratio | 4.97/1,000 SF |
ABOUT THE PROPERTY
Located in the heart of Fletcher Place near downtown Indianapolis, Suite 150 at 231 S College Ave offers a prime 1,668 SF retail space for lease. Positioned next to The Leo and The Vue luxury apartment communities, and townhomes, this location is surrounded by a built-in customer base. Anchored by tenants like Mori Sushi, barre3, and Holladay Properties, the space benefits from strong co-tenancy and visibility. The site offers on-site parking and is conveniently located with easy on/off access to I-65 and I-70. Just steps from Virginia Avenue and the Indianapolis Cultural Trail, the space sits in close proximity to major corporate campuses including Eli Lilly, Anthem, and Indiana Farm Bureau.
- 24 Hour Access
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
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231 S College Ave
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