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1001 E 162nd St 1,600 SF of Retail Space Available in South Holland, IL 60473
Highlights
- High traffic counts
- Strong visibility
- Close proximity to I-94
- Busy corridor
- 29 parking spaces
- Located within a busy retail corridor. Existing Drive-Thru.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Fully built-out 1,600 SF restaurant with drive thru on exremely busy 159th/162nd Street
- Fully Built-Out as a Fast Food Restaurant
- Space is in Excellent Condition
- Drive Thru
- High traffic counts
- Lighted intersection
- Parking
- Visibility
- Drive-thru
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 1001 E 162nd St, South Holland, IL 60473
- Tenant
- Description
- US Locations
- Reach
- Charley's Philly Steaks
- -
- -
- -
- Currency Exchange of South Holland
- Finance and Insurance
- 1
- Local
- Soul 2 Go Express
- Restaurant
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Charley's Philly Steaks | - | - | - |
| Currency Exchange of South Holland | Finance and Insurance | 1 | Local |
| Soul 2 Go Express | Restaurant | 1 | Local |
Property Facts
| Total Space Available | 1,600 SF | Gross Leasable Area | 3,750 SF |
| Property Type | Retail | Year Built | 1989 |
| Property Subtype | Restaurant | Parking Ratio | 7.73/1,000 SF |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,750 SF |
| Year Built | 1989 |
| Parking Ratio | 7.73/1,000 SF |
About the Property
South Holland Plaza is a 3,750 square foot 3 unit, strip center located in the densely populated Village of South Holland, Illinois. South Holland Plaza is located on a major thoroughfare, with great visibility and frontage at a 4-way, lighted intersection with traffic counts of 40,000 cars per day along E. 162nd Street. Additional highlights include: Located within a busy retail corridor. Existing Drive-Thru. Major Tenants include Charley's Philly Steaks, Soul 2 Go Express. The 1,250 SF vacancy is a former currency exchange and is not a second-generation restaurant space. Ideal tenants include fast food franchises, retail, restaurant, office, and medical users.
- Drive Thru
- Monument Signage
Nearby Major Retailers
Presented by
1001 E 162nd St
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