Jasper River Centre

Retail-Commercial for Lease
Catylist Listing ID: 30574056
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 847 - 11,893 SF
Total Available: 20,769 SF
Gross Building Area: 105,015 SF
Gross Land Area: 3.23 Acres
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $5,932 - 17,839
Lease Types: NNN
Last Updated: 6/8/2020

Overview / Comments

The Jasper River Centre is a $30M redevelopment project by Boxer Girl, LLC, to restore a historical part of Downtown Jasper, Indiana. The project site sits along 3rd Avenue on the north side of Patoka River and includes a new 84-room Fairfield Inn and Suites next to the Jasper Train Depot. Next to the hotel, the historic Jasper Cabinet building has been repurposed into 70+ residential apartments on the second and third floors with mixed-use retail space below and a rooftop bar & lounge.

-Rooftop space available for bar & lounge
-Grease traps and ventilation for restaurant hood systems in place
-Liquor licenses available
-Ample parking
-Square footage, layout negotiable
-Tenant Improvement Allowance available for qualified tenants
-Retail/commercial space ready for tenant buildout
-Apartments available for occupancy Spring 2020

Downtown Jasper is thriving and the River Centre is expected to be the hub of downtown activity. With a new $13.5M Cultural Center across the street, the Jasper Train Depot, the Jasper City Mill, Jasper Riverwalk, and other amenities and activities within walking distance, this area will be a destination for families and local residents to spend the day. Jasper River Centre truly will be a place to Live, Work, and Play!

Expand All 5 Spaces Available

Suite: Market Space A-D 3,955 SF $18 PSF (Annual) NNN
Suite: Market Space F 1,792 SF $18 PSF (Annual) NNN
Suite: Tenant Space A 1,090 SF $18 PSF (Annual) NNN
Suite: Tenant Space B 2,039 SF $18 PSF (Annual) NNN
Suite: Tenant Space D-E 11,893 SF $18 PSF (Annual) NNN

Additional Details

Nearest MSA: Jasper
County: Dubois
Taxing Authority: Dubois County
Tax ID/APN: 19-06-35-103-209.002-002
Zoning: PUD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Largest Nearby Street: 3rd Avenue
Highway Access: U.S. Highway 231, State Highways 56, 162 and 164 conveniently run through Jasper with easy access from Interstate 64 and neighboring towns. I-64 is 12 miles south of Jasper, connecting the route eastward bound to Louisville, KY and Cincinnati, OH and westward bound to Evansville, IN and St. Louis, MO. Interstate 69 is 20 miles west of Jasper for a route south bound to Evansville and 35 miles north of Jasper to make the trip north bound to Indianapolis.
Area Description: Jasper is located in Southern Indiana and is the county seat of Dubois County. Surrounded by rolling hills, forests and farmland, Jasper has the perfect balance of urban and metropolitan living in one location. Jasper is located 122 miles south of Indianapolis, 55 miles northeast of Evansville and 79 miles west of Louisville, KY. Today, there are over 1,000 businesses in Jasper. An abundance of opportunities can be attained in several national and international companies who employ hundreds or even thousands along with many small businesses that operate with only a few employees and offer a rewarding career as well. During a normal workday, the population of Jasper is said to double. Employees travel from surrounding towns and the eight surrounding counties to work in Jasper, the hub of Dubois County. In fact, Dubois County continues to have among the lowest unemployment rates in Indiana. Known as a “business-friendly” community, Jasper boasts a skilled and motivated workforce with a long reputation for its outstanding work ethic, dedication and pride in craftsmanship. The city’s civic, government and business leaders have been applauded for their ability and willingness to work together. Jasper also features an excellent infrastructure to support a growing industrial base. Many of the original German immigrants were cabinetmakers and carpenters. The art of high-quality wood furniture and cabinetry was handed down through generations and perfected over the years. Today, Jasper is still known as the “Wood Office Furniture Capital of the World” with its companies manufacturing office, home and lodging furniture, seating, desks and kitchen cabinets. Kimball International, Inc. is a Jasper-based manufacturer and marketer of commercial furnishings for the office and hospitality industries, sold under the company’s family of brand names: Kimball Office, National Office Furniture and Kimball Hospitality. Kimball International is currently the 6th largest office furniture company and the largest U.S. supplier of guestroom furnishings to the hospitality industry. MasterBrand Cabinets is the #1 cabinet manufacturer in North America. Jasper Engines & Transmissions is the nation’s leading remanufacturer of drivetrain components. Kimball Electronics offers complete product life cycle support for electronic manufacturing assemblies in the medical, industrial, automotive and public safety market segments. In addition, Jasper businesses include a number of regionally and nationally recognized companies involved in wholesale distribution of groceries and beverages, products for the home and garden, lawn mower and outdoor equipment, after-market truck and auto parts, industrial supplies and even the headquarters of one of the Midwest’s largest restaurant franchises.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 2019
Parking Type: Surface
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,322 14,725 20,079
Median Age: 39.02 40.19 40.77
Households: 561 5,923 7,981
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