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Torrence Commons 16901 Torrence Ave 2,435 SF of Retail Space Available in Lansing, IL 60438
Highlights
- Last Unit Left in This Busy Center
- Highly Visible Site
- Plenty Of Parking
- Newly Renovated Center
- Heavy Traffic Counts
- Densely Populated Area
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,435 SF | Negotiable | $36.67 CAD/SF/YR $3.06 CAD/SF/MO $89,282 CAD/YR $7,440 CAD/MO | Plus Utilities and Char |
16901-16919 Torrence Ave - 1st Floor
Introducing a prime commercial property available for lease in a bustling and vibrant area. This exceptional space offers a versatile range of options, providing ample room for businesses of various sizes and industries. Situated in the heart of a busy and sought-after location, with many national tenants in the area. Don't miss the chance to secure this prime space and make your mark in this bustling commercial hub.
- Listed lease rate plus proportional share of the utilities and cleaning cost
- Space is in Excellent Condition
- Last Unit Left in This Busy Center
- Newly Renovated Center
- Highly Visible Site
- Heavy Traffic Counts
- Plenty of Parking
- Densely Populated Area
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 | 2,435 SF | Frontage | 330’ on Torrence Ave |
| Center Type | Strip Center | Gross Leasable Area | 22,315 SF |
| Parking | 141 Spaces | Total Land Area | 2.66 AC |
| Stores | 6 | Year Built | 1985 |
| Center Properties | 1 |
| Total Space Available | 2,435 SF |
| Center Type | Strip Center |
| Parking | 141 Spaces |
| Stores | 6 |
| Center Properties | 1 |
| Frontage | 330’ on Torrence Ave |
| Gross Leasable Area | 22,315 SF |
| Total Land Area | 2.66 AC |
| Year Built | 1985 |
About the Property
Introducing a prime commercial property available for lease in a bustling and vibrant area. This exceptional space offers a versatile range of options, providing ample room for businesses of various sizes and industries. Situated in the heart of a busy and sought-after location, with many national tenants in the area. Don't miss the chance to secure this prime space and make your mark in this bustling commercial hub.
- Pylon Sign
- Tenant Controlled HVAC
Nearby Major Retailers
Presented by
Torrence Commons | 16901 Torrence Ave
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