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280 N Phelps Ave 722 - 2,071 SF of Retail Space Available in Rockford, IL 61108
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste B, Office, Garage | 722-2,071 SF | 10’ | 1-3 Years | $11.06 CAD/SF/YR $0.92 CAD/SF/MO $22,905 CAD/YR $1,909 CAD/MO | Triple Net (NNN) |
1st Floor, Ste B, Office, Garage
Commercial space available for lease. Located at 280 North Phelps Ave. in Rockford, IL. Great location located just behind Culver's Restaurant on East State Street. Currently there are 3 options available: Unit B with Office = 1,349 Sq Ft = $1,483 / Month Unit B with Garage = 1,606 = $1,766 / Month Unit B with Office + Garage = 2,071 Sq Ft = $2,214 / Month Customizable spaces with natural sunlight, storage, ample parking, private rooms, and bathrooms. Ideal for retail, office, beauty, yoga, fitness, daycare, small businesses, etc. Visible from East State Street near State and Mulford Ave., near stores such as Portillo's, Starbucks, Chase Bank, Old Chicago, Walgreens, etc. For more information or to schedule a viewing please contact me directly. - Kevin (815) 242-7352
- Lease rate does not include utilities, property expenses or building services
- Finished Ceilings: 10’
- Flexible 2,071 SF space, including a 722 SF garage
- Divisible to suit your needs
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 | 2,071 SF | Gross Leasable Area | 10,000 SF |
| Min. Divisible | 722 SF | Year Built | 1998 |
| Property Type | Retail | Parking Ratio | 2.6/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 2,071 SF |
| Min. Divisible | 722 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 10,000 SF |
| Year Built | 1998 |
| Parking Ratio | 2.6/1,000 SF |
FEATURES AND AMENITIES
- Bus Line
- Security System
- Signage
NEARBY MAJOR RETAILERS
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280 N Phelps Ave
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