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7508-7510 W Grand Ave 4,500 SF of Retail Space Available in Elmwood Park, IL 60707
Highlights
- Across the street from a Metra Statiom
- Near the intersection of Grand Avenue & 75th Avenue
- Half of the building is beauty salon ready
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,500 SF | Negotiable | $21.91 CAD/SF/YR $1.83 CAD/SF/MO $98,613 CAD/YR $8,218 CAD/MO | Triple Net (NNN) |
1st Floor
Retail building with large windows on busy Grand Avenue. Two street addresses roughly correspond to about half the building - 7510 W Grand is the western half and 7508 W Grand is the eastern half. Space is divisible to support two businesses. 7510 W Grand was a gaming cafe and 7508 W Grand was a salon. Much of the original equipment is still in place. There is plenty of parking in the private lot in the rear of the building and an overhead door which goes into the rear of the building. Bow truss roof with upstairs storage above the drop ceiling. Call for more info: 630-362-7549 or email at Lmarrone@praecorp564.com
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Across the street from the Elmwood Park stop on
- Metra's Milwaukee District West Line
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 | 4,500 SF | Gross Leasable Area | 4,500 SF |
| Property Type | Retail | Year Built | 1975 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 2.67/1,000 SF |
| Total Space Available | 4,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,500 SF |
| Year Built | 1975 |
| Parking Ratio | 2.67/1,000 SF |
About the Property
Space is divisible for two approximately 2,250sf suites or other configuration. Both suite have a different street address (7508 & 7510 W Grand Ave). Owner is also willing to sell. Asking price of $500,000.
- Restaurant
- Security System
- Storage Space
- Air Conditioning
Nearby Major Retailers
Presented by
7508-7510 W Grand Ave
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