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16795 Torrence Ave 8,761 SF of Retail Space Available in Lansing, IL 60438
HIGHLIGHTS
- High Visibility
- National Retailers
- Strong Foot Traffic
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,761 SF | Negotiable | $22.25 /SF/YR $1.85 /SF/MO $194,932 /YR $16,244 /MO | Modified Gross |
1st Floor
- 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.
SELECT TENANTS AT 16795 TORRENCE AVE, LANSING, IL 60438
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- America's Kids
- Children Apparel
- 16
- National
- Christie Pilar Jewelry Outlet
- Jewelry/Watches
- 1
- Local
- Jump N' Jam Playland
- Arcade
- 1
- Local
- Rainbow Apparel
- Ladies' Apparel
- 1,143
- National
- Top Spa Nails
- Nail Salon
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| America's Kids | Children Apparel | 16 | National |
| Christie Pilar Jewelry Outlet | Jewelry/Watches | 1 | Local |
| Jump N' Jam Playland | Arcade | 1 | Local |
| Rainbow Apparel | Ladies' Apparel | 1,143 | National |
| Top Spa Nails | Nail Salon | 1 | Local |
PROPERTY FACTS
| Total Space Available | 8,761 SF | Gross Leasable Area | 51,177 SF |
| Property Type | Retail | Year Built | 1986 |
| Property Subtype | Freestanding |
| Total Space Available | 8,761 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 51,177 SF |
| Year Built | 1986 |
ABOUT THE PROPERTY
Unlock the potential of a highly visible and strategically located commercial space in the thriving south suburbs! This 8,761 SF property at 16795 Torrence Ave is available for lease at an attractive rate of $22.25/SF/YR. Perfectly situated in a bustling commercial corridor, this space offers unbeatable exposure and foot traffic, surrounded by national retailers such as Aldi, Home Depot, and Chili’s. Whether you’re in retail, fashion, sports, footwear, or entertainment, this prime location provides endless possibilities for your business. With easy access via Torrence Ave and proximity to Rainbow and Calumet City, your business will benefit from high visibility, strong consumer flow, and a thriving local economy. Don’t miss out on this opportunity to secure a prominent location in one of the most dynamic retail hubs in the region! Contact us today to schedule a tour and make this space your business's next home.
NEARBY MAJOR RETAILERS
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16795 Torrence Ave
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