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Silo Square 1501-1527 W North Ave 2,069 - 5,372 SF of Retail Space Available in Melrose Park, IL 60160
HIGHLIGHTS
- Conveniently located in Melrose Park’s primary trade area at the corner of North Avenue & 15th Avenue
- Dual-sided pylon signage along North Avenue features visibility and exposure to approx. 48,000 VPD
- Surrounded by national retailers, including AutoZone, directly adjacent to the building, along with Costco, Target, Jewel-Osco, Foot Locker, & others
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1501-03 | 3,303 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 1505 | 2,069 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1501-1527 W North Ave - 1st Floor - Ste 1501-03
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
1501-1527 W North Ave - 1st Floor - Ste 1505
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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 SILO SQUARE
- AutoZone
PROPERTY FACTS
ABOUT THE PROPERTY
Silo Square is a multi-tenant retail center located in west suburban Melrose Park. The building was renovated in 2011 and consists of approximately 42,000 SF. Tenants at the building include H&R Block, Subway, #1 Nails, Hanna’s Gaming, Foremost Liquors, Alshaam Mediterranean Restaurant, and Big Cloud Vape & Tobacco. There are four (4) vacancies at the center ranging from 1,860 - 8,600 SF. The center features excellent frontage along North Avenue (277’) and dual-sided pylon signage at the corner of the signalized intersection at North Avenue & 15th Avenue (Approx. 48,000 VPD). Neighboring retailers include Costco, Target, Jewel- Osco, Cermak Fresh Market, ALDI, Cinemark Melrose Park, Walgreens, Best Buy, Carters, Foot Locker, Burlington, Ross Dress 4 Less. Marshalls, Five Below, Dollar Tree, AutoZone Auto Parts, O’Reilly Auto Parts, Wendy’s, Taco Bell, Raising Cane’s, Panda Express, Chipotle and Starbucks, among many other national retailers.
NEARBY MAJOR RETAILERS
CONTACTS
-
Zack Pearlstein -
Matt Tarshis -
Andrew Rubin -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
Presented by
Silo Square | 1501-1527 W North Ave
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