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CARQUEST 211 S Milwaukee Ave 4,655 - 12,039 SF of Retail Space Available in Libertyville, IL 60048
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,384 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 4,655 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Available for lease is a 7,384 square foot retail space in Libertyville, IL. This space was formerly occupied by Advance Auto Parts and is co-tenants with a 40+ year auto repair business. There is an approximately 2,180 square foot second floor consisting of multiple offices, a waiting area and a washroom that is utilized by both tenants. The common area maintenance includes electric, gas, water, scavenger and insurance. The utilities are not separately metered. The building is situated on a 1.09 acre parcel and is strategically located just south of downtown Libertyville. Businesses in the area include Jewel, Trader Joes, Culvers, JiffyLube, multiple car dealerships and numerous neighborhood centers.
1st Floor
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 | 12,039 SF | Gross Leasable Area | 17,620 SF |
| Property Type | Retail | Year Built | 1960 |
| Property Subtype | Freestanding | Parking Ratio | 3.18/1,000 SF |
| Total Space Available | 12,039 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 17,620 SF |
| Year Built | 1960 |
| Parking Ratio | 3.18/1,000 SF |
ABOUT THE PROPERTY
Available for lease is a 7,384 square foot retail space in Libertyville, IL. Also available for sale, this space was formerly occupied by Advance Auto Parts and is co-tenants with a 40+ year auto repair business. There is an approximately 1,995 square foot second floor consisting of multiple offices, a waiting area and a washroom that is utilized by both tenants. Also available for lease is a two-story warehouse space consisting of 3,770 square feet. The common area maintenance includes electric, gas, water, scavenger and insurance. The utilities are not separately metered. The building is situated on a 1.09 acre parcel and is strategically located just south of downtown Libertyville. Businesses in the area include Jewel, Trader Joes, Culvers, JiffyLube, multiple car dealerships and numerous neighborhood centers.
NEARBY MAJOR RETAILERS
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CARQUEST | 211 S Milwaukee Ave
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