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Restaurant Opportunity - 202 E Center St 202 E Center St 2,323 SF of Retail Space Available in Le Roy, IL 61752
HIGHLIGHTS
- Located centrally between Champaign and Bloomington
- Lots of recent updates
- Close proximity to Interstate 74
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,323 SF | Negotiable | $20.94 CAD/SF/YR $1.74 CAD/SF/MO $48,641 CAD/YR $4,053 CAD/MO | Modified Gross |
1st Floor
Welcome to the heart of small-town charm! Nestled in the historic LeRoy Commercial Historic District, this beautifully maintained downtown property is a rare opportunity for a restaurant operator. With its vintage architecture, walkable streetscape, and true neighborhood feel, this is the kind of place where you know your neighbors, and they know you. The restaurant space spans 2,323 sq. ft. and currently includes a hood (other kitchen equipment not provided). Recent updates add peace of mind: a new roof, new foundation, exterior paint (in progress), new doors/windows, and a brand-new HVAC system on the way. Downtown LeRoy is thriving with local favorites such as Oak & Flame, an upscale bourbon hall voted as one of the area's top spots, and Serene and Silk, a southern-style boutique right across the street. You’ll also find hair salons, a barber, pharmacy, photographer, an event venue, and more—all adding to the energy of this growing district. What’s missing? A great restaurant to complete the mix. This is a fantastic opportunity to bring your vision to life and be part of LeRoy’s vibrant downtown story!
- Listed rate may not include certain utilities, building services and property expenses
- Located centrally between Champaign and Bloomingto
- Close proximity to Interstate 74
- Lots of recent updates
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 | 2,323 SF | Year Built | 1894 |
| Property Type | Retail | Construction Status | Under Renovation |
| Gross Leasable Area | 2,323 SF |
| Total Space Available | 2,323 SF |
| Property Type | Retail |
| Gross Leasable Area | 2,323 SF |
| Year Built | 1894 |
| Construction Status | Under Renovation |
ABOUT THE PROPERTY
Welcome to the heart of small-town charm! Nestled in the historic LeRoy Commercial Historic District, this beautifully maintained downtown property is a rare opportunity for a restaurant operator. With its vintage architecture, walkable streetscape, and true neighborhood feel, this is the kind of place where you know your neighbors, and they know you. The restaurant space spans 2,323 sq. ft. and currently includes a hood (other kitchen equipment not provided). Recent updates add peace of mind: a new roof, new foundation, exterior paint (in progress), new doors/windows, and a brand-new HVAC system on the way. Downtown LeRoy is thriving with local favorites such as Oak & Flame, an upscale bourbon hall voted as one of the area's top spots, and Serene and Silk, a southern-style boutique right across the street. You’ll also find hair salons, a barber, pharmacy, photographer, an event venue, and more—all adding to the energy of this growing district. What’s missing? A great restaurant to complete the mix. This is a fantastic opportunity to bring your vision to life and be part of LeRoy’s vibrant downtown story!
NEARBY MAJOR RETAILERS
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Restaurant Opportunity - 202 E Center St | 202 E Center St
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