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Neighborhood Shopping Center with 20,000 SF 1507 N Bowman 20,000 SF of Retail Space Available in Danville, IL 61832
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 20,000 SF | Negotiable | $8.00 /SF/YR $0.67 /SF/MO $160,000 /YR $13,333 /MO | Modified Gross |
1st Floor
Coldwell Banker Commercial Devonshire Realty is pleased to offer this neighborhood shopping center big box for lease. Holiday Square Shopping Center has a single 20,000 square foot retail vacancy available. Goodwill occupies the balance of the 35,000 square foot center with separate access. In the rear of the center they do share two truck docks with 9' overhead doors. Landlord is willing to create a solution if these need separated. The space is in shell condition and features 18' clear heights, a new roof, divided utilities, LED lighting and ready for your upgrades. For qualified candidates, the Landlord is able to provide vanilla box build-out to Tenant specifications upon request.
- Listed rate may not include certain utilities, building services and property expenses
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
| Total Space Available | 20,000 SF | Gross Leasable Area | 35,000 SF |
| Property Type | Retail | Year Built | 1977 |
| Total Space Available | 20,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 35,000 SF |
| Year Built | 1977 |
About the Property
Property Description Coldwell Banker Commercial Devonshire Realty is pleased to offer this neighborhood shopping center big box for lease. Holiday Square Shopping Center has a single 20,000 square foot retail vacancy available. Goodwill occupies the balance of the 35,000 square foot center with separate access. In the rear of the center they do share two truck docks with 9' overhead doors. Landlord is willing to create a solution if these need separated. The space is in shell condition and features 18' clear heights, a new roof, divided utilities, LED lighting and ready for your upgrades. For qualified candidates, the Landlord is able to provide vanilla box build-out to Tenant specifications upon request. Area Description The subject property enjoys a prominent location at a signalized intersection on the N Bowman corridor, providing excellent visibility and accessibility. Multiple ingress and egress points make it easy for customers to visit and for deliveries to be efficiently handled. Danville, IL, is conveniently located near Interstate 74. The area is home to a robust workforce, strong residential base, and essential amenities like schools, parks, and grocery stores. As a neighborhood shopping center, Holiday Square is perfectly situated to meet the daily needs of local shoppers. Area neighbors include Dollar General, Goodwill, Ela’s Eatery, New Life Church of Faith, Women’s Care Clinic, and City of Danville Department of Public Works.
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Neighborhood Shopping Center with 20,000 SF | 1507 N Bowman
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