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2519-2541 W North Ave 2,315 SF of Retail Space Available in Melrose Park, IL 60160
Highlights
- 2,315 SF endcap retail space in established neighborhood center
- Dense trade area with 158,000+ residents within 3 miles
- Prime frontage and signage on North Avenue with strong visibility and traffic
- High traffic corridor with ~50,000 vehicles per day along North Avenue
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2541 | 2,315 SF | Negotiable | $18.50 /SF/YR $1.54 /SF/MO $42,828 /YR $3,569 /MO | Triple Net (NNN) |
1st Floor, Ste 2541
Former Dotty's retail space ready for new tenants. Large storage space in the back, private restrooms and space may be modified to fit tenants needs.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Central Air and Heating
- Private Restrooms
- Corner Space
- Drop Ceilings
- 2,315 SF open floorplan allowing flexible layout
- Endcap suite with abundant natural light
- Private Restooms
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 2519-2541 W North Ave, Melrose Park, IL 60160
- Tenant
- Description
- US Locations
- Reach
- Dental Dreams
- MD/DDS
- 76
- National
- Nail Paradise
- Nail Salon
- 1
- Local
- Wunderkids Learning Center
- Daycare
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Dental Dreams | MD/DDS | 76 | National |
| Nail Paradise | Nail Salon | 1 | Local |
| Wunderkids Learning Center | Daycare | 1 | Local |
Property Facts
| Total Space Available | 2,315 SF | Total Land Area | 1.89 AC |
| Property Type | Retail | Year Built | 2006 |
| Property Subtype | Freestanding | Parking Ratio | 5.25/1,000 SF |
| Gross Leasable Area | 81,816 SF |
| Total Space Available | 2,315 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 81,816 SF |
| Total Land Area | 1.89 AC |
| Year Built | 2006 |
| Parking Ratio | 5.25/1,000 SF |
About the Property
Positioned along one of Melrose Park’s most active retail corridors, 2541 W North Avenue offers a prime leasing opportunity for a 2,315 SF endcap space within a well-established neighborhood shopping center. The space benefits from strong visibility along North Avenue and convenient access to surrounding dense residential communities, making it ideal for a wide range of retail, service, or restaurant users. Formerly occupied by Dotty’s, the suite is well-positioned for a variety of second-generation uses, with ownership willing to provide tenant incentives to help facilitate a smooth transition for qualified tenants. The endcap location offers enhanced frontage, natural light, and strong signage potential, creating an inviting presence within the center. The property is surrounded by a high concentration of national retailers and daily traffic drivers including Costco, Walmart, Starbucks, Chick-fil-A, Daves Hot Chicken, Menards, and Target providing consistent consumer draw and cross-shopping synergy. The immediate trade area boasts over 158,000 residents within a 3-mile radius and strong household incomes, supporting long-term retail success. With its strategic location, established co-tenancy, and landlord flexibility, this space presents an excellent opportunity for tenants seeking visibility, accessibility, and a built-in customer base along North Avenue.
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Presented by
2519-2541 W North Ave
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