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445 Central Ave 2,032 - 8,103 SF of Office/Retail Space Available in Highland Park, IL 60035
HIGHLIGHTS
- Brand new construction retail space along Central Avenue in the heart of downtown Highland Park
- Public parking lot located adjacent to the building to the east
- Downtown Highland Park has seen major redevelopment in recent years including The Albion, a 161-unit and 89-unit apartment building, steps from the pr
- The space is black iron compatible and offers potential for outdoor patio seating
- Opportunity to join a dense and affluent neighborhood with 26,789 residents within a three-mile radius and an average household income of $160,000/yr
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,032 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor | 3,692 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor | 2,379 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
3 spaces are available (2,038SF, 2,269SF and 3,245SF) and could be combined into one space. Basement is also available for lease.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 5,724 SF of adjacent space
- Brand New Building in Highland Park
1st Floor
3 spaces are available (2,038SF, 2,269SF and 3,245SF) and could be combined into one space. Basement is also available for lease.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 5,724 SF of adjacent space
- Brand New Building in Highland Park
1st Floor
3 spaces are available (2,038SF, 2,269SF and 3,245SF) and could be combined into one space. Basement is also available for lease.
- Fully Built-Out as a Restaurant or Café Space
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 | 8,103 SF | Property Subtype | Storefront Retail/Office |
| Max. Contiguous | 5,724 SF | Gross Leasable Area | 16,270 SF |
| Property Type | Retail | Year Built | 2020 |
| Total Space Available | 8,103 SF |
| Max. Contiguous | 5,724 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 16,270 SF |
| Year Built | 2020 |
ABOUT THE PROPERTY
2,032 - 5,724 SF available for lease at the base of a brand new commercial building in the heart of downtown Highland Park. The two-story building was constructed in 2020 of concrete masonry and is well located along Central Avenue (approx. 5,400 VPD). The property is part of a thriving commercial corridor surrounded by an abundance of retailers, restaurants, offices, schools, and other service oriented businesses. The location features convenient access to Route-41 (less than 1-mile west) and is steps from the Highland Park Metra Station, providing direct access to Chicago and the surrounding suburbs.
- Signage
NEARBY MAJOR RETAILERS
CONTACTS
-
Matt Tarshis -
Zack Pearlstein -
Andrew Rubin -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
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445 Central Ave
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