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Mitchell Crossing SWC Route 34 and Mitchell dr 1,500 - 28,000 SF of Retail Space Available in Plano, IL 60545
SPACE AVAILABILITY (1)
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- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500-28,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Build-to-suit retail/commercial opportunity at the southwest corner of US Route 34 and Mitchell Drive in Plano, Illinois. This is a fully improved, development-ready site with utilities and stormwater drainage already completed, allowing a user to move directly into design and permitting. Key highlights high-visibility corner location along the Route 34 corridor strong traffic exposure and easy access fully improved site with utilities in place and stormwater handled flexible building sizes and configurations, including single-tenant, multi-tenant, inline, or end-cap concepts ownership willing to deliver a shell building, demised space, or discuss alternative structures based on credit and lease term ideal for QSR, coffee, medical, dental, bank, service retail, and neighborhood retail users (drive-thru potential subject to municipal approvals) Build-to-suit structure shell or turnkey delivery options available flexible lease terms and deal structure TI, rent commencement, and delivery timeline to be tailored to tenant requirements signage opportunities available, subject to City of Plano approvals Development advantage utilities available and connected stormwater drainage completed reduces entitlement and infrastructure risk and accelerates construction timeline
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 | 28,000 SF | Gross Leasable Area | 28,000 SF |
| Min. Divisible | 1,500 SF | Construction Status | Proposed |
| Property Type | Retail |
| Total Space Available | 28,000 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Gross Leasable Area | 28,000 SF |
| Construction Status | Proposed |
ABOUT THE PROPERTY
Mitchell Crossing is a new retail strip shopping center located at the highly visible southwest corner of Route 34 (Walter Payton Highway) and Mitchell Drive in Plano, Illinois. This project is offered as a build-to-suit opportunity with flexible retail configurations ranging from approximately 1,500 square feet up to 28,000 square feet, allowing the development to accommodate a wide range of retail, service, medical, and neighborhood-oriented uses. The retail component is designed to serve both daily needs and destination users and will be delivered under a triple net lease structure with flexible lease terms. Ownership is open to negotiations on space size, layout, delivery conditions, and deal structure for qualified tenants. Mitchell Crossing is a mixed-use development anchored by three new apartment buildings located toward the rear of the site, totaling 101 residential units comprised of studio and one-bedroom apartments. This built-in residential density provides immediate foot traffic and a strong, consistent customer base for retail and service users. In addition to the retail strip center, ownership is also seeking a tenant or buyer for a standalone development opportunity on site suitable for a small grocery store, medical center, healthcare user, or other complementary commercial uses. The site offers excellent frontage, visibility, and access along one of Plano’s primary commercial corridors. This project presents a rare opportunity to secure a customized space in a growing mixed-use environment with strong traffic exposure, new residential density, and flexible development options.
NEARBY MAJOR RETAILERS
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Mitchell Crossing | SWC Route 34 and Mitchell dr
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