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315-345 W Northwest Hwy 500 - 5,730 SF of Space Available in Palatine, IL 60067
HIGHLIGHTS
- 5,530 SF of retail/office spaces
- Pylon signage available
- Part of 37,200 SF shopping center
- Strong commercial location near US Rte 14; Excellent visibility and easy access
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101-103 | 1,000 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $16,751 CAD/YR $1,396 CAD/MO | TBD | ||
| 1st Floor, Ste 201 | 500 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $8,376 CAD/YR $697.96 CAD/MO | TBD | ||
| 1st Floor, Ste 207 | 500 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $8,376 CAD/YR $697.96 CAD/MO | TBD | ||
| 1st Floor, Ste 315-319 | 2,530 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $88,292 CAD/YR $7,358 CAD/MO | Plus All Utilities | ||
| 1st Floor, Ste 335 | 1,200 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $41,878 CAD/YR $3,490 CAD/MO | Plus All Utilities |
1st Floor, Ste 101-103
Potential to sub-divide the units. Currently large open space.
1st Floor, Ste 201
Large open space
- Fits 2 - 4 People
1st Floor, Ste 207
Large open space.
- Fits 2 - 4 People
1st Floor, Ste 315-319
Former accounting office. Potential to separate unit #319 (1,530 SF).
- Listed lease rate plus proportional share of utilities
- Fits 7 - 21 People
1st Floor, Ste 335
Former brew pub, includes some additional plumbing. Potential to add another 2,500 SF.
- Listed lease rate plus proportional share of utilities
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.
SELECT TENANTS AT 315-345 W NORTHWEST HWY, PALATINE, IL 60067
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- AAE Glass
- -
- 1
- -
- Greater Family Health
- Health Care and Social Assistance
- 1
- -
- Haskana Institute Of Cosmetology
- Salon/Barber/Spa
- 1
- Local
- Heybeck's Market
- Specialty Foods
- 1
- Local
- Pep Boys
- Automotive
- 1,061
- International
- What's Brewing Inc
- Other Retail
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| AAE Glass | - | 1 | - |
| Greater Family Health | Health Care and Social Assistance | 1 | - |
| Haskana Institute Of Cosmetology | Salon/Barber/Spa | 1 | Local |
| Heybeck's Market | Specialty Foods | 1 | Local |
| Pep Boys | Automotive | 1,061 | International |
| What's Brewing Inc | Other Retail | 1 | Local |
PROPERTY FACTS
| Total Space Available | 5,730 SF | Total Land Area | 3.36 AC |
| Property Type | Retail | Year Built/Renovated | 1979/1995 |
| Property Subtype | Freestanding | Parking Ratio | 5.38/1,000 SF |
| Gross Leasable Area | 33,243 SF |
| Total Space Available | 5,730 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 33,243 SF |
| Total Land Area | 3.36 AC |
| Year Built/Renovated | 1979/1995 |
| Parking Ratio | 5.38/1,000 SF |
ABOUT THE PROPERTY
A total of 4,330 square feet of both retail and small office suites are available in a 37,200 square foot neighborhood shopping center in Palatine, Illinois. The property, Stevens Pointe Center, is situated on Northwest Highway, one of the main commercial arteries in the area. With easy access to Route 53/I-90, this is the perfect opportunity for a retail, service or office user. Tenants include MocaFit gym, Wine Cellar, Best Brains Learning Center, One Taco Dos Tequilas, Hot Pockets Sports Bar, Born 2 Dance, Inc and more. The property also includes 190 parking spaces for customers and employees. Part of the northwest suburbs of Chicago, Palatine is the seventh largest city in Cook County. The city’s population grew nearly 5% over the last decade to 68,557 residents. Northwest Highway is a strong commercial corridor for the city with a number of retail and office properties. There are over 256,000 consumers within a five-mile radius. In addition, the rapid expansion of the nearby high-tech corridor has spurred significant growth resulting in the planning and construction of thousands of new homes and apartments in the immediate area.
- Pylon Sign
- Air Conditioning
NEARBY MAJOR RETAILERS
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315-345 W Northwest Hwy
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