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231 N Milwaukee Ave 1,648 SF of Retail Space Available in Wheeling, IL 60090
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,648 SF | 1-10 Years | $39.07 CAD/SF/YR $3.26 CAD/SF/MO $64,380 CAD/YR $5,365 CAD/MO | Modified Gross |
1st Floor
Mixed use Commercial and residential building. Option to live upstairs and run a business on the main floor. Detached two car garage. Very busy street with lots of drive by traffic on Milwaukee Ave in Wheeling.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Central Air and Heating
- Kitchen
- Private Restrooms
- After Hours HVAC Available
- Shower Facilities
- Basement
- Lots of traffic
- Ability to live upstairs & run business on 1st FL
- High Visibility
- Retail or service uses
- Easy Zoning
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 | 1,648 SF | Gross Leasable Area | 1,648 SF |
| Property Type | Retail | Year Built | 1971 |
| Property Subtype | Freestanding | Parking Ratio | 3.03/1,000 SF |
| Total Space Available | 1,648 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,648 SF |
| Year Built | 1971 |
| Parking Ratio | 3.03/1,000 SF |
ABOUT THE PROPERTY
Great for offices, retail stores, medical and more. General Commercial and Office District (Zoned B-3) with ability for the owner to live upstairs, 100 foot frontage LOT on N Milwaukee Ave with over 30,000 daily traffic count. This 13000 sq ft lot is in a choice location with amazing visibility right on N MILWAUKEE AVE in an excellent business corridor. Live where you work!
- Signage
- Recessed Lighting
- Air Conditioning
- Balcony
NEARBY MAJOR RETAILERS
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231 N Milwaukee Ave
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