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Office Building with Gymnasium
For Lease
$5,000/Mo

230 E Montgomery Ave, Clarksville, IN 47129

Vacant space combines a multi-tenant configuration with an existing gymnasium.

Space Size8,900 SF
Days on Market10

Property Features for 230 E Montgomery Ave

General Information

Standard status Active
Size 8,900 SF
Net Rentable 8,900 SF
Property subtype Other
Zoning B-1
Lease Type Full Service

Space & Availability

Available Space 8,900 SF
Contiguous Space 8,900 SF

Amenities

Power
Water
Sewer
Natural Gas

Building Details

Year Built 1925
Stories 2
Tenancy Single Tenant

Spaces For Lease

at 230 E Montgomery Ave
Available Space $5,000/Mo
Contact us
Listing Agency: Baker Commercial Real Estate
Listed By: Jim Baker · License #RB14028328
Source: Kcrea.resimplifi
Added: Oct 5 Changed: Oct 13 Last Checked: Oct 13 at 2:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baker Commercial Real Estate

Investment Insights

Based on property information with market context.

This two-story office building contains approximately 8,900 square feet and is configured for multiple tenants. A gymnasium is part of the property, which is currently vacant. The building dates to 1925 and is zoned B-1.

The property is at the southwest corner of State and E Montgomery Avenue, across from Clarksville Little Theatre. Its previous uses included a school and Town of Clarksville government offices.

Key Highlights

  • Approximately 8,900 square feet in a two‑story building
  • Multi‑tenant office configuration with an existing gymnasium
  • Built in 1925; zoned B‑1

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Storage Facility Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.01 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,059
Businesses Nearby

Demographics for 47129, IN

19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Vacant space combines a multi-tenant configuration with an existing gymnasium.
Where is this office building located?
The property is located at 230 E Montgomery Ave Clarksville, IN.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: Approximately 8,900 square feet in a two‑story building; Multi‑tenant office configuration with an existing gymnasium; Built in 1925; zoned B‑1
More about this property
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