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816 Main St 1,650 SF of Retail Space Available in Lafayette, IN 47901
HIGHLIGHTS
- Excellent visibility
- Off-street parking available (additional fee may apply)
- Space is in excellent condition having been completely re-built and renovated recently
- Charming, beautiful streetscape with many area residents within walking distance
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,650 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $26,400 /YR $2,200 /MO | Triple Net (NNN) |
1st Floor
Rate: $16/sf/yr plus real estate, taxes, insurance, CAM. Utilities separately metered.
- 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 816 MAIN ST, LAFAYETTE, IN 47901
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- New Venue Inc
- -
- 1
- -
- Rose Market
- Manufacturing
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| New Venue Inc | - | 1 | - |
| Rose Market | Manufacturing | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,650 SF | Gross Leasable Area | 7,650 SF |
| Property Type | Retail | Year Built/Renovated | 1875/2018 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 2.61/1,000 SF |
| Total Space Available | 1,650 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 7,650 SF |
| Year Built/Renovated | 1875/2018 |
| Parking Ratio | 2.61/1,000 SF |
ABOUT THE PROPERTY
Jim Pitoukkas of Shook Commercial Real Estate is pleased to offer this great ground-level retail suite for lease. The space is in a carefully maintained and restored historic building along Downtown Lafayette’s beloved Main Street. This building is full of character throughout! The space is ideal for a variety of businesses including, but not limited to, hair salons, professional service organizations, boutique retail, restaurants, or café/bakeries. Lafayette, county seat of Tippecanoe County, has enjoyed robust growth over the last several years. Large industry and Purdue University offer excellent employment and higher education opportunities. The downtown submarket has enjoyed an impressive resurgence over the past couple decades. Millions of dollars in new development have been, and continue to be, invested into downtown. Street festivals, art galleries, live music events, and excellent dining choices make downtown Lafayette a compelling option to live and work. The many excellent downtown local shops and public gatherings are sure to drive patrons to your business’s doorsteps.
NEARBY MAJOR RETAILERS
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816 Main St
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