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40 Monument Square - Big Blue 40 Monument Sq 96 - 6,930 SF of Space Available in Urbana, OH 43078
Highlights
- Steady retail foot traffic
- Build to suit, fast
- Prominent downtown shopping location
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 800 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $24,000 /YR $2,000 /MO | Modified Gross | ||
| 1st Floor | 750 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $22,500 /YR $1,875 /MO | Modified Gross | ||
| 2nd Floor | 99-2,690 SF | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $64,560 /YR $5,380 /MO | Modified Gross | ||
| 3rd Floor | 96-2,690 SF | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $64,560 /YR $5,380 /MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Central Air and Heating
- Exposed Ceiling
- Display Window
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Central Air and Heating
- Exposed Ceiling
- Display Window
2nd Floor
Rental rate can be negotiated based on amount of space leased.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- 10 Private Offices
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,380 SF of adjacent space
- Central Air and Heating
- Wi-Fi Connectivity
- Corner Space
- Corner Office
- City Square View
3rd Floor
Rental rate can be negotiated based on amount of space leased.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- 11 Private Offices
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,380 SF of adjacent space
- Window View of City Square
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 | 6,930 SF | Property Subtype | Storefront Retail/Office |
| Min. Divisible | 96 SF | Gross Leasable Area | 8,070 SF |
| Max. Contiguous | 5,380 SF | Year Built/Renovated | 1900/2023 |
| Property Type | Retail | Parking Ratio | 0.65/1,000 SF |
| Total Space Available | 6,930 SF |
| Min. Divisible | 96 SF |
| Max. Contiguous | 5,380 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 8,070 SF |
| Year Built/Renovated | 1900/2023 |
| Parking Ratio | 0.65/1,000 SF |
About the Property
40 Monument Square’s remarkable history is thanks in part to its prominent location in the heart of Urbana. From a military headquarters to a tavern, saddle shop, drug store, and legal offices, the site and the Big Blue Building itself are etched into the fabric of Urbana and Monument Square, even before the center of Urbana was dedicated “Monument Square.” There is no better place available in Champaign County to start a thriving retail operation!
- Monument Signage
- Air Conditioning
Nearby Major Retailers
Presented by
40 Monument Square - Big Blue | 40 Monument Sq
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