Your email has been sent.
11011 Southwest Hwy 8,000 SF of Retail Space Available in Palos Hills, IL 60465
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Restaurant | 8,000 SF | Negotiable | $20.48 CAD/SF/YR $1.71 CAD/SF/MO $163,879 CAD/YR $13,657 CAD/MO | Triple Net (NNN) |
1st Floor, Ste Restaurant
SVN Chicago Commercial proudly presents this exceptional leasing opportunity in business-friendly Palos Hills, IL. Formerly a Greek restaurant, this large and modular building is ready for its next operator! The property is currently gutted, as a tenant recently went under lease but quickly defaulted. The exterior of the property is still in very good shape. Plumbing, gas, and electrical hookups are all still in place. This restaurant boasts: 2 bars, 2 walk-in coolers, 1 walk-in freezer, a 13' hood, an 8' hood, 2 bathrooms, and an updated boiler. Outside, the property has 90 parking spaces, an outdoor patio in the front, a tower sign, and a trailer containing a large number of tables and chairs for potential reuse. This asset can be configured for a number of different restaurant operations, and is easily accessible and visible from the main road. Deals like this don't last long. Inquire today!
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Space In Need of Renovation
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 | 8,000 SF | Gross Leasable Area | 8,000 SF |
| Property Type | Retail | Year Built | 1972 |
| Property Subtype | Restaurant | Parking Ratio | 19.41/1,000 SF |
| Total Space Available | 8,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 8,000 SF |
| Year Built | 1972 |
| Parking Ratio | 19.41/1,000 SF |
About the Property
Freestanding restaurant for lease. Located just north of the 111th/Southwest Highway intersection, the property is on the east side of the street.
Nearby Major Retailers
Presented by
11011 Southwest Hwy
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.