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1603 Morrissey Dr 1,500 - 23,120 SF of Retail Space Available in Bloomington, IL 61704
HIGHLIGHTS
- Rare New Construction Retail Opportunity
- Premier Visibility on Busy Veterans Pkwy
- 35,000+ VPD @ This Intersection
- Drive Thru Possible
- Convenient Stoplight Access
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 19,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 1605 - 101 | 1,500-4,120 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $49,440 /YR $4,120 /MO | Triple Net (NNN) |
1st Floor
+/- 1.5 acre pad site now available for ground lease, or sale with premier stoplight visibility on Veterans Pkwy. Drive thru possible. Call broker for further details.
- Space is an outparcel at this property
- Space is in Excellent Condition
- Rare New Construction Retail /Medical Opportunity
- Unobstructed & Prominent Visibility on Veterans
- Convenient Stoplight Access
- 35,000+ Vehicles Per Day
- Ample Shared Parking
- Drive Thru Possible
1st Floor, Ste 1605 - 101
Suite 101, the end cap unit opposite of Dollar Tree, offers a wide open floor plan that could be utilized for multiple uses. The rear of the unit offers additional storage, with a set of double doors for easy loading/unloading, plus a small office and multiple restrooms. Bring your ideas and make the space your own. The owner is open to the idea of dividing the suite into 2 smaller units. In that case, the quoted lease rate may increase.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Offers a small office and restrooms
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 | 23,120 SF | Property Subtype | Storefront |
| Min. Divisible | 1,500 SF | Gross Leasable Area | 45,480 SF |
| Property Type | Retail | Year Built | 1993 |
| Total Space Available | 23,120 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 45,480 SF |
| Year Built | 1993 |
ABOUT THE PROPERTY
If you're looking for prime location with great visibility from Veteran's Parkway, look no further! Morrissey Crossing Shopping Center, located at 1603-1605 Morrissey Drive has multiple great spaces available for lease. 1605, anchored by Dollar Tree, offers Suite 101, the end cap suite with a wide open floor plan that could be utilized for multiple uses. The owner is open to the idea of dividing either Suite into smaller units. The property has been recently painted and the parking lot offers ample parking. 1603, anchored by the previous Famous Dave's restaurant, offers over 8,100 SF of former restaurant space.
NEARBY MAJOR RETAILERS
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1603 Morrissey Dr
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