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Schoolhouse Plaza 115 S US Highway 45
1,125 SF of Office/Retail Space Available in Grayslake, IL 60030
Highlights
- High Traffic Counts
- Ample Parking
- Full Strip Mall
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 115 | 1,125 SF | 9’ | Negotiable | $22.47 CAD/SF/YR $1.87 CAD/SF/MO $241.92 CAD/m²/YR $20.16 CAD/m²/MO $2,107 CAD/MO $25,284 CAD/YR | Modified Gross |
1st Floor, Ste 115
Grayslake Route 45 retail/professional office space available. Formerly Tang's extra dining area this 1,125 sf space is no longer necessary "post pandemic". Gross lease where landlord pays snow removal, lawn maintenance, parking lot maintenance, real estate taxes and building insurance. Tenant pays utilities. Current tenant flexible on occupancy and may allow tables and booths to be used by new tenant. Ideal for coffee shop, donut shop, massage therapy, pizza parlor, law office, accounting office, acupuncture, dental, vein therapy, esthetician, book store, martial arts, etc... Landlord will partition the space. Rear door access for material and supply deliveries. Join Tang's, Foremost, Cut and Tan, Local Nails and Lewis Florist at School House Plaza (The southeast corner of Rt 45 and Old Plank Road). Broker interest. Contact broker for showings.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Finished Ceilings: 9’
- Central Air and Heating
- Private Restrooms
- Drop Ceilings
- Natural Light
- Approx. 1,125 sq. ft.
- Join Full Strip Mall
- Tables May be Available to Remain with Lease
- Private Restroom
- Ample Parking
- High Traffic Counts
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 FOR 115 S US Highway 45 , Grayslake, IL 60030
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 3.52/1,000 SF |
| Gross Leasable Area | 12,771 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 12,771 SF |
| Year Built | 1980 |
| Parking Ratio | 3.52/1,000 SF |
About the Property
Grayslake Route 45 retail/professional office space available. Formerly Tang's extra dining area this 1,125 sf space is no longer necessary "post pandemic". Gross lease where landlord pays snow removal, lawn maintenance, parking lot maintenance, real estate taxes and building insurance. Tenant pays utilities. Current tenant flexible on occupancy and may allow tables and booths to be used by new tenant. Ideal for coffee shop, donut shop, massage therapy, pizza parlor, law office, accounting office, acupuncture, dental, vein therapy, esthetician, book store, martial arts, etc... Landlord will partition the space. Rear door access for material and supply deliveries. Join Tang's, Foremost, Cut and Tan, Local Nails and Lewis Florist at School House Plaza (The southeast corner of Rt 45 and Old Plank Road). Broker interest. Contact broker for showings.
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
-
Robert Frank -
Robert E. Frank Real Estate
Presented by
Schoolhouse Plaza | 115 S US Highway 45
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