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The Village Square 40-60 W Palatine Rd 845 - 1,885 SF of Retail Space Available in Palatine, IL 60067
HIGHLIGHTS
- Recently Renovated Facade and New Parking Lot
- High Visibility Corner Building
- Abundant Parking Onsite with Public Lot Across Street
- 3 Blocks from Metra Station
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 56-52 | 845-1,885 SF | 9’9” | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $47,125 /YR $3,927 /MO | Modified Gross |
32-60 W Palatine Rd - 1st Floor - Ste 56-52
Adjacent spaces of 885 SF and 1,040 SF. May be combined for total 1,885 SF.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Finished Ceilings: 9’9”
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 THE VILLAGE SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Salvation Army
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Salvation Army | Retailer | - | - |
PROPERTY FACTS
ABOUT THE PROPERTY
Situated on almost a full acre near the heart of Downtown Palatine, on the northeast corner of Palatine Road and Broadway Street.
- Commuter Rail
- Corner Lot
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Presented by
The Village Square | 40-60 W Palatine Rd
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