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1550 W 75th St 3,617 SF of Retail Space Available in Downers Grove, IL 60516
HIGHLIGHTS
- Newly Updated 18,500SF Outlot in Downers Grove-Join Hot Pot Restaurant and Tous les Jours Bakery
- Outlot to The Grove Shopping Center with cross-access parking available
- Only 3,617SF remaining for lease
- Excellent visibility on busy 75th Street
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,617 SF | Negotiable | $23.00 /SF/YR $1.92 /SF/MO $83,191 /YR $6,933 /MO | Triple Net (NNN) |
1st Floor
Former Blast Fitness, the unit has minimal build-out and is open space
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
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 | 3,617 SF | Year Built | 1995 |
| Property Type | Retail | Parking Ratio | 4.32/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | Lemont Rd. |
| Gross Leasable Area | 18,500 SF |
| Total Space Available | 3,617 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 18,500 SF |
| Year Built | 1995 |
| Parking Ratio | 4.32/1,000 SF |
| Cross Streets | Lemont Rd. |
ABOUT THE PROPERTY
Only one space remaining in this 18,500 square foot retail building on busy 75th Street in the Downers Grove is available for lease. This single-story building was formerly a fitness center, Blast Fitness. The property is an outlot to The Grove Shopping Center with cross access parking. Excellent opportunity to for a variety of uses, co-tenants with a restaurant and bakery. Area retailers include Walmart, Kohl’s, Home Depot, Ross, TJ Maxx/Home Goods, Best Buy, XSport Fitness and many more.
- Signage
NEARBY MAJOR RETAILERS
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1550 W 75th St
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