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4-140 W Lake St 300 - 14,600 SF of Space Available in Addison, IL 60101
HIGHLIGHTS
- Easy access to transit.
- In walking distance to nearby parks.
- Addison's busiest shopping center.
- Prime location just across from the schools, village offices and public library.
- Houses two established anchor stores that have occupied space in the shopping center for 55 years.
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,400 SF | 1-10 Years | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $48,857 CAD/YR $4,071 CAD/MO | Net | ||
| 1st Floor | 1,600 SF | 1-10 Years | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $55,837 CAD/YR $4,653 CAD/MO | Net | ||
| 1st Floor, Ste 28 | 300-5,600 SF | 1-10 Years | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $156,343 CAD/YR $13,029 CAD/MO | Net | ||
| 1st Floor, Ste 62 | 6,000 SF | 5-10 Years | $20.94 CAD/SF/YR $1.74 CAD/SF/MO $125,633 CAD/YR $10,469 CAD/MO | Net |
1st Floor
300 - 8,600 SF Avail.
- Lease rate does not include certain property expenses
- Fully Built-Out as Standard Retail Space
- Located in Addison's busiest shopping center.
1st Floor
300 - 8,600 SF Avail
- Lease rate does not include certain property expenses
- Fully Built-Out as Standard Retail Space
- Located in Addison's busiest shopping center.
1st Floor, Ste 28
Space is fully built out for a medical tenant (doctor, dentist, etc.), but is negotiable to be renovated in order to custom suit the interested tenant.
- Lease rate does not include certain property expenses
- 26 Private Offices
1st Floor, Ste 62
- Lease rate does not include certain property expenses
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 4-140 W LAKE ST, ADDISON, IL 60101
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Aaron's
- Furniture/Mattress
- 1,822
- International
- Anytime Fitness
- Fitness
- 3,103
- International
- Jewel-Osco
- Supermarket
- 190
- Regional
- O'Reilly Auto Parts
- Automotive
- 7,336
- International
- Pink Noise
- Other Services
- 1
- Local
- Portillo's Hot Dogs
- Restaurant
- 117
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Aaron's | Furniture/Mattress | 1,822 | International |
| Anytime Fitness | Fitness | 3,103 | International |
| Jewel-Osco | Supermarket | 190 | Regional |
| O'Reilly Auto Parts | Automotive | 7,336 | International |
| Pink Noise | Other Services | 1 | Local |
| Portillo's Hot Dogs | Restaurant | 117 | National |
PROPERTY FACTS
| Total Space Available | 14,600 SF | Gross Leasable Area | 175,938 SF |
| Min. Divisible | 300 SF | Total Land Area | 23.00 AC |
| Property Type | Retail | Year Built/Renovated | 1969/2011 |
| Property Subtype | Freestanding | Parking Ratio | 5.41/1,000 SF |
| Total Space Available | 14,600 SF |
| Min. Divisible | 300 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 175,938 SF |
| Total Land Area | 23.00 AC |
| Year Built/Renovated | 1969/2011 |
| Parking Ratio | 5.41/1,000 SF |
ABOUT THE PROPERTY
175,938 SF shopping center with over 1,200 feet of frontage on W Lake St.
- Banking
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
Presented by
4-140 W Lake St
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