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4843-4849 W 111th St 28,539 SF of Retail Space Available in Alsip, IL 60803
HIGHLIGHTS
- Excellent visibility from 111th Street, with an average daily traffic of 29,900 vehicles
- Open plan with ample natural light, ready to be remodeled to fit the new tenant's needs
- 2.7 miles from Chicago Ridge Mall and 0.2 miles from Stony Creek Promenade
- The property receives over 50,000 visitors per year, benefiting from the gym members and the indoor playground customers
- One private bathroom and storage space
- Roof and HVAC units recently replaced
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 28,539 SF | 5-10 Years | $14.60 CAD/SF/YR $1.22 CAD/SF/MO $416,539 CAD/YR $34,712 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Located in-line with other retail
- Anchor Space
- Central Air and Heating
- Private Restrooms
- Closed Circuit Television Monitoring (CCTV)
- High Ceilings
- Smoke Detector
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 4843-4849 W 111TH ST, ALSIP, IL 60803
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- CFX
- Other Services
- 41
- Local
- My Kidzplay
- Services
- -
- -
- The Smoothie Bar
- Accommodation and Food Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| CFX | Other Services | 41 | Local |
| My Kidzplay | Services | - | - |
| The Smoothie Bar | Accommodation and Food Services | - | - |
PROPERTY FACTS
| Total Space Available | 28,539 SF | Year Built | 1974 |
| Property Type | Retail | Parking Ratio | 1.7/1,000 SF |
| Gross Leasable Area | 54,000 SF |
| Total Space Available | 28,539 SF |
| Property Type | Retail |
| Gross Leasable Area | 54,000 SF |
| Year Built | 1974 |
| Parking Ratio | 1.7/1,000 SF |
ABOUT THE PROPERTY
The property is located along West 111th Street, which benefits from an annual average daily traffic of 29,900 vehicles. West 111th Street intersects with South Cicero Avenue, which brings an additional 42,200 vehicles to the area each day. The intersection of 111th St. and Cicero Avenue is home to a highly trafficked retail corridor that offers a wide variety of major tenants such as Mariano’s, Aldi, Cooper’s Hawk, Starbucks, Chipotle, TJ Max, Wendy’s, Dunkin Donuts, Curlver’s, Belle Tire, amongst others.
- Corner Lot
- Pylon Sign
NEARBY MAJOR RETAILERS
Presented by
Sergio Miranda
4843-4849 W 111th St
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