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Atlantic Garden-Historic Downtown Opportunity 127-129 SE 4th St
1,900 - 5,700 SF of Space Available in Evansville, IN 47708
HIGHLIGHTS
- PROMINENT DOWNTOWN LOCATION | Highly visible corner building located at the downtown intersection of 4th & Walnut.
- DOWNTOWN WORKFORCE | 19,000 employees occupy approx. 3.4 million square feet of downtown office space.
- DOWNTOWN EVENT TRAFFIC | Approx. 675,000 annual attendees visit the Ford Center, Victory Theatre & Old National Events Plaza,
- AMPLE PARKING | Close angled street parking in front of building along with a public parking garage next door.
- DOWNTOWN HOSPITALITY | 730 hotel rooms within a short walk.
- DOWNTOWN RESIDENTIAL GROWTH | +1,700 current downtown residents and an additional 250 residential apartment units planned.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,900-3,800 SF | 14’ | 5-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | |
| 2nd Floor, Ste B | 1,900 SF | 12’ | 5 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
- High End Trophy Space
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 14’
- Basement
- Yard
- LARGE OUTDOOR SPACE
- NEW PELLA WINDOWS & STOREFRONTS
- 14' CEILING HEIGHT
- NEW RUBBER ROOF
- NEW 1,500-GAL. GREASE TRAP, SEWER & WATER SERVICE
2nd Floor, Ste B
- Lease rate does not include utilities, property expenses or building services
- Fits 8 - 12 People
- 3 Private Offices
- 1 Conference Room
- Finished Ceilings: 12’
- Space is in Excellent Condition
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 FOR 127-129 SE 4TH ST , EVANSVILLE, IN 47708
| Total Space Available | 5,700 SF | Gross Leasable Area | 5,700 SF |
| Min. Divisible | 1,900 SF | Year Built/Renovated | 1912/2023 |
| Property Type | Retail | Cross Streets | Walnut St |
| Property Subtype | Storefront |
| Total Space Available | 5,700 SF |
| Min. Divisible | 1,900 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,700 SF |
| Year Built/Renovated | 1912/2023 |
| Cross Streets | Walnut St |
ABOUT THE PROPERTY
This prominent historic 2-story brick building dates back to the late 1800’s and was home to the popular Atlantic Garden for over 50 years. Approximately 5,400 total square feet, the building includes 1,900 square feet of street level space with 14' ceilings, 1,900 square feet on the 2nd level with 12' ceilings and 8' tall windows, and an additional 1,900 square feet in the basement with 8' ceilings. The building also features 1,400 square feet of enclosed outdoor space with 5' brick walls. A full renovation on the building shell was completed in 2024 along with installing a new 1,500-gallon grease trap, new 2" water service, new 6" sewer service, new custom Pella Windows, a new rubber membrane roof along with a new storefront system and doors. The building is ready for a tenant's interior build out.
NEARBY MAJOR RETAILERS
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Atlantic Garden-Historic Downtown Opportunity | 127-129 SE 4th St
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