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203-217 Peterson Rd 960 SF of Retail Space Available in Libertyville, IL 60048
HIGHLIGHTS
- RARE +/- 960 SF. OFFICE/RETAIL UNIT AVAILABLE IN LIBERTYVILLE ON HEAVILY TRAVELED PETERSON ROAD
- HUGE WINDOWS AND SIGNAGE ON PETERSON ROAD (ROUTE 137)
- WELL-KEPT PROFESSIONALLY MANAGED CENTER
- ILLINOIS DEPARTMENT OF TRANSPORTATION REPORTS 30,200 VEHICLES PER DAY ON PETERSON ROAD
- GREAT VALUE FOR A UNIT LOCATED IN PRESTIGIOUS LIBERTYVILLE, IL
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 215 | 960 SF | Negotiable | $20.93 CAD/SF/YR $1.74 CAD/SF/MO $20,091 CAD/YR $1,674 CAD/MO | Modified Gross |
1st Floor, Ste 215
- Listed rate may not include certain utilities, building services and property expenses
- 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.
PROPERTY FACTS
| Total Space Available | 960 SF | Year Built | 1970 |
| Property Type | Retail | Parking Ratio | 1.64/1,000 SF |
| Gross Leasable Area | 14,028 SF |
| Total Space Available | 960 SF |
| Property Type | Retail |
| Gross Leasable Area | 14,028 SF |
| Year Built | 1970 |
| Parking Ratio | 1.64/1,000 SF |
ABOUT THE PROPERTY
Building Description This +/- 960 sf. unit is located in a well-kept, professionally managed retail strip center. The unit has great windows and exposure on heavily traveled Peterson Road (Route 137) Illinois Department of Transportation reports 30,200 vehicles per day on Peterson Road. Location Description 215 Peterson Road is located in Libertyville, Il on the south side of Peterson Road (Route 137) just west of Milwaukee Avenue (Route 21). The Peterson Road corridor is home to many national tenants like Dunkin Donuts, ACE Hardware and Walgreens as well as some well-known dining establishments like Wild Berry Café and Austin’s Bar and Grill.
NEARBY MAJOR RETAILERS
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203-217 Peterson Rd
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