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155 S Schuyler Ave 3,800 - 11,000 SF of Office Space Available in Kankakee, IL 60901
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,000-7,200 SF | Negotiable | $8.00 /SF/YR $0.67 /SF/MO $57,600 /YR $4,800 /MO | TBD | ||
| 2nd Floor | 3,800 SF | Negotiable | $8.00 /SF/YR $0.67 /SF/MO $30,400 /YR $2,533 /MO | TBD |
1st Floor
Basement area available with an additional 7,000 square feet.
- Can be combined with additional space(s) for up to 11,000 SF of adjacent space
2nd Floor
- Can be combined with additional space(s) for up to 11,000 SF of adjacent space
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 | 11,000 SF | Gross Leasable Area | 18,000 SF |
| Min. Divisible | 3,800 SF | Year Built | 1895 |
| Property Type | Retail |
| Total Space Available | 11,000 SF |
| Min. Divisible | 3,800 SF |
| Property Type | Retail |
| Gross Leasable Area | 18,000 SF |
| Year Built | 1895 |
ABOUT THE PROPERTY
--Historic Building in Thriving Downtown Kankakee ready for your vision. --Zoning and build-out possibilities would allow for Restaurant, Office, Retail, etc. --The front faces busy Schuyler Ave. which hosts the Farmers Market, Antique car shows, and many other downtown events. --The rear of building sits on Miner Festival Square where the famous Merchant Street Music Festival takes place along with many other community events throughout the year. --The building is divisible from 4,000 - 11,000sf of space available with an additional 7000sf of basement. --Build-to-suit options available. Great possibilities to add a commercial kitchen. Rent will vary based on build-out and lease terms. --There is a historic front facade with 8 large windows underneath the stucco that can all be exposed and brought back to it's original charm (see pictures). --There is a rear storefront entry as well that can be reimagined to fit the needs of your business (also shown in pictures). --The building has 15' ceilings, 2 - three phase electric services, ample public parking lot, and huge walk-out rooftop space overlooking downtown that can be built for dinning, entertaining, etc. --Call to schedule a walk-through to see how your business can utilize this Historic Building in Kankakee "The Beautiful City Rising"
NEARBY MAJOR RETAILERS
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155 S Schuyler Ave
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