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First Bank Building 480 Center St 2,525 SF of Office Space Available in Grayslake, IL 60030
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 100 | 2,525 SF | Negotiable | $19.54 CAD/SF/YR $1.63 CAD/SF/MO $49,346 CAD/YR $4,112 CAD/MO | Modified Gross |
2nd Floor, Ste 100
Located in the heart of Grayslake’s commercial district, 480 Center Street presents a turnkey office opportunity ideal for professional services, medical, or administrative users. Built in 2005, this well-maintained property offers a modern layout with direct elevator adjacency, providing immediate suite identity and ease of access for clients and staff. Suite 100 features a thoughtfully designed floor plan with multiple private offices, a conference room, open work areas, kitchenette, and storage closets. The space is offered as a plug & play solution, allowing tenants to move in with minimal setup. With a generous parking ratio of 6.3 spaces per 1,000 SF and 24/7 building access, the property supports both convenience and operational flexibility. Positioned near major thoroughfares and surrounded by a mix of retail, banking, and service-oriented businesses, the location offers strong visibility and accessibility. The presence of an on-site bank adds to the professional environment and daily foot traffic. This is a compelling option for tenants seeking a central Grayslake address with immediate availability and functional design.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Office intensive layout
- Fits 7 - 21 People
- Centrally located in Grayslake’s commercial core
- Private offices and conference room
- Adjacent to elevator for strong suite visibility
- On-site bank enhances professional setting
- Ample parking and 24/7 building access
- Ready for immediate occupancy
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 FIRST BANK BUILDING
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- First Banks
- -
- 1
- -
- Huntington National Bank
- Bank
- 1,849
- National
- Mussay Financial Group
- Finance and Insurance
- 1
- -
- Vermillion Consulting Inc
- Professional, Scientific, and Technical Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| First Banks | - | 1 | - |
| Huntington National Bank | Bank | 1,849 | National |
| Mussay Financial Group | Finance and Insurance | 1 | - |
| Vermillion Consulting Inc | Professional, Scientific, and Technical Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,525 SF | Gross Leasable Area | 15,018 SF |
| Property Type | Retail | Year Built | 2005 |
| Property Subtype | Bank | Parking Ratio | 6.3/1,000 SF |
| Total Space Available | 2,525 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 15,018 SF |
| Year Built | 2005 |
| Parking Ratio | 6.3/1,000 SF |
FEATURES AND AMENITIES
- Banking
- Drive Thru
NEARBY MAJOR RETAILERS
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First Bank Building | 480 Center St
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