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Lu's Sports Bar & Grill 152 E Main St 2,000 SF of Retail Space Available in Dwight, IL 60420
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Right Side | 2,000 SF | 2-5 Years | $29.31 CAD/SF/YR $2.44 CAD/SF/MO $58,629 CAD/YR $4,886 CAD/MO | Triple Net (NNN) |
1st Floor, Ste Right Side
Right side is available for lease with bar included and a dance floor.
- Lease rate does not include utilities, property expenses or building services
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 | 2,000 SF | Gross Leasable Area | 6,000 SF |
| Property Type | Retail | Year Built/Renovated | 1912/2016 |
| Property Subtype | Bar | Parking Ratio | 3.33/1,000 SF |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 6,000 SF |
| Year Built/Renovated | 1912/2016 |
| Parking Ratio | 3.33/1,000 SF |
ABOUT THE PROPERTY
This property at East Main Street in Dwight, Illinois, presents an impressive downtown commercial opportunity, once home to the popular Lu’s Sports Bar & Grill. The expansive two-story structure encompasses roughly six thousand square feet of interior space, including a full basement, all tastefully remodeled to serve as a turnkey hospitality venue. Upon entering, you’re greeted by a fully equipped kitchen featuring stainless steel appliances, along with an information system setup of multiple draft taps, walk-in cooling and freezing units, and a point-of-sale network complete with numerous registers. The main level centers around a striking wraparound bar crafted from solid oak and topped with granite, believed to be one of the oldest in town and originally reclaimed from a nineteenth-century ship. This bar area is complemented by modern seating, a hardwood dance floor, and a stage ready for live performances. The property’s facade has been completely refreshed, plumbing and mechanical systems updated, and both heating and cooling installations modernized. A rubber-coated roof with enhanced insulation and enhanced stonework sourced from Wisconsin contribute to a sophisticated exterior finish. Inside, the atmosphere is enhanced by multiple flat-panel televisions, surround-sound audio, and a secure environment monitored by an array of surveillance cameras. For added guest engagement, a private gaming room is included. With its combination of historic charm and contemporary finishes, this downtown venue is well positioned to welcome patrons seeking a vibrant social and entertainment destination.
- Restaurant
- Security System
NEARBY MAJOR RETAILERS
Presented by
Lu Ahmedi
Lu's Sports Bar & Grill | 152 E Main St
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