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Prospect Mall 4615 N Prospect Rd 1,694 - 8,160 SF of Space Available in Peoria Heights, IL 61616
HIGHLIGHTS
- Prime Retail / Office Space on Prospect Rd in the Heights
- Multiple Buildout and Subdivision Options
- Unit size can range from ~1,000SF to ~5,200SF
- Landlord to Contribute to Tenant Buildouts
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level, Ste North C | 2,976 SF | Negotiable | $25.13 CAD/SF/YR $2.09 CAD/SF/MO $74,777 CAD/YR $6,231 CAD/MO | Triple Net (NNN) | ||
| Lower Level, Ste South B | 3,490 SF | Negotiable | $25.13 CAD/SF/YR $2.09 CAD/SF/MO $87,692 CAD/YR $7,308 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste South A | 1,694 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $47,294 CAD/YR $3,941 CAD/MO | Triple Net (NNN) |
Lower Level, Ste North C
This space makes up most of the North Building’s lower-level. The unfinished space can be built out to accommodate a variety of business types including medical or traditional office, and more.
- Lease rate does not include utilities, property expenses or building services
Lower Level, Ste South B
This space is the entire garden-level of the south building and can be built out for one or more tenants. The garden level can be combined with the space above to create a ~5,200 SF multi-level unit.
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste South A
Unfinished space ready to be built out for your business needs. This entry level unit can be subdivided into smaller units (see listing agent) or outfitted for a single tenant.
- Lease rate does not include utilities, property expenses or building services
- Multiple Buildout and Subdivision Options
- Busiest Retail Corridor in Peoria Heights
- Landlord to Contribute to Tenant Buildouts
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 PROSPECT MALL
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Artemis Esthetics & Wellness
- Services
- -
- -
- Baird Private Wealth Management
- Finance and Insurance
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Artemis Esthetics & Wellness | Services | - | - |
| Baird Private Wealth Management | Finance and Insurance | - | - |
PROPERTY FACTS
| Total Space Available | 8,160 SF | Gross Leasable Area | 8,413 SF |
| Property Type | Retail | Year Built | 1970 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 8,160 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 8,413 SF |
| Year Built | 1970 |
ABOUT THE PROPERTY
The O’Bryan & Ball Team at REMAX Traders Unlimited is please to present three spaces for lease at 4615-4617 N Prospect Road (the “Property”). The Property boasts three unique spaces prominently positioned on Prospect Road, the busiest and most desirable commercial corridor in Peoria Heights. Available spaces include two garden-level and one entry-level suites totaling 8,160 SF. These spaces are ideal for upscale boutique retail, professional offices, artists, or specialized service providers seeking excellent visibility and heavy foot traffic. The landlord will generously contribute toward tenant buildouts, allowing for customized finishes tailored specifically to your business needs. Please contact listing agents & see folder link below for additional details.
NEARBY MAJOR RETAILERS
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Prospect Mall | 4615 N Prospect Rd
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