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Park & Shop Center 3200 Franklin St 5,756 SF of Retail Space Available in Michigan City, IN 46360
HIGHLIGHTS
- 5756 SF retail space with open floor plan
- Located 2 miles from Hwy 80/94
- Daily traffic counts over 18,500 vehicles
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3221 | 5,756 SF | 3-5 Years | $9.75 /SF/YR $0.81 /SF/MO $56,121 /YR $4,677 /MO | Triple Net (NNN) |
3221 Franklin St - 1st Floor - Ste 3221
Centrally located near many city attractions and amenities including the Blue-Chip Casino, Lighthouse outlet mall, Washington Park, and the future double track South Shore Train Station. Previously operated as a liquidation store, the building features a spacious, open floor plan, ideal for a variety of uses including retail, office, or other business applications. The interior can be customized to meet your specific needs
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air and Heating
- Space has overhead door in the rear!
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 PARK & SHOP CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Boost Mobile
- Wireless Communications
- 4,491
- International
- Chateau Defense
- Retailer
- 1
- Local
- China One
- Restaurant
- 1
- -
- O'Keefe Cleaners
- Services
- 1
- Local
- Papa Johns
- Pizza
- 3,913
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Boost Mobile | Wireless Communications | 4,491 | International |
| Chateau Defense | Retailer | 1 | Local |
| China One | Restaurant | 1 | - |
| O'Keefe Cleaners | Services | 1 | Local |
| Papa Johns | Pizza | 3,913 | International |
PROPERTY FACTS
| Total Space Available | 5,756 SF | Gross Leasable Area | 41,368 SF |
| Center Type | Neighborhood Center | Total Land Area | 3.98 AC |
| Parking | 100 Spaces | Year Built | 1953 |
| Stores | 8 | Cross Streets | S. Franklin St. & U.S. Hwy 421 |
| Center Properties | 2 |
| Total Space Available | 5,756 SF |
| Center Type | Neighborhood Center |
| Parking | 100 Spaces |
| Stores | 8 |
| Center Properties | 2 |
| Gross Leasable Area | 41,368 SF |
| Total Land Area | 3.98 AC |
| Year Built | 1953 |
| Cross Streets | S. Franklin St. & U.S. Hwy 421 |
ABOUT THE PROPERTY
5,756 SF of retail space is available for lease. The only vacancy in the center has an open floor plan, is highly visible, and located on Franklin Street just 2 miles from Hwy 80/94. Anchored by the neighboring CVS Pharmacy, the retail center has abundant parking and offers signage on the large pylon sign for over 18,500 vehicles to view daily. The center is centrally located near many city attractions and amenities including the Blue Chip Casino, Lighthouse outlet mall, Washington Park, and the future double track South Shore Train Station.
NEARBY MAJOR RETAILERS
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Park & Shop Center | 3200 Franklin St
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