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16732 W 159th St 3,620 SF of Office/Retail Space Available in Lockport, IL 60441
HIGHLIGHTS
- Retail / Office / Medical Uses Welcome
- Immediate Access To I-355
- Freestanding Building
- Drive-Thru Building
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,620 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $72,400 /YR $6,033 /MO | Triple Net (NNN) |
1st Floor
Newer construction, all-brick, freestanding building available near 159th St exit from I-355 in Lockport, IL. Retail / Office / Medical uses welcome. Former bank use, drive-thru lanes and windows in place. Low Will County taxes. Shared access with Walgreens from two roads. Immediate access to I-355. Densely surrounded by national tenants: Walmart, Aldi, Jewel, Starbucks, McDonald's. Close proximity to Lockport Township High School, Lewis University and Downtown Lockport.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
- Freestanding Building
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 | 3,620 SF | Year Built | 2006 |
| Property Type | Retail | Parking Ratio | 8.29/1,000 SF |
| Property Subtype | Bank | Cross Streets | N Farrell Rd. |
| Gross Leasable Area | 3,620 SF |
| Total Space Available | 3,620 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 3,620 SF |
| Year Built | 2006 |
| Parking Ratio | 8.29/1,000 SF |
| Cross Streets | N Farrell Rd. |
ABOUT THE PROPERTY
Newer construction, all-brick, freestanding building available near 159th St exit from I-355 in Lockport, IL. Retail / Office / Medical uses welcome. Former bank use, drive-thru lanes and windows in place. Low Will County taxes. Monument signage. Front and rear parking. Shared access with Walgreens from two roads. Immediate access to I-355. Densely surrounded by national tenants: Walmart, Aldi, Jewel, Starbucks, McDonald's. Close proximity to Lockport Township High School, Lewis University and Downtown Lockport.
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
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16732 W 159th St
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