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1229 W Ogden
4,020 SF of Retail Space Available in Downers Grove, IL 60515
Highlights
- Fronting busy Ogden Ave - 30,000 vpd
- Convenient front, side and rear parking
- Great demos in highly desirable trade area
- Accessible from both Ogden and Linscott avenues
- Versatile floorplan which can be configured for one or two tenants
- Positioned near well-known retailers such as Jewel, Chipotle, and Starbucks
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,020 SF | Negotiable | $25.28 CAD/SF/YR $2.11 CAD/SF/MO $272.16 CAD/m²/YR $22.68 CAD/m²/MO $8,470 CAD/MO $101,643 CAD/YR | Triple Net (NNN) |
1st Floor
Introducing an investment or owner-user property on Ogden Avenue in Downers Grove available for sale or lease. This versatile retail center encompasses a total of ± 4,040 square feet, which can be configured as a single showroom space or divided into two separate units of ± 2,010 square feet each. With two front entrances and convenient rear access and parking, this property is designed to accommodate a diverse range of tenants or buyers. Located on Ogden Avenue, with traffic counts of 30,000 vehicles per day, the property has exceptional visibility. The surrounding demographic data underscores the market potential, with 88,000 residents in a three-mile radius and an average household income exceeding $150,000 annually. Additionally, the property benefits from easy access via both Ogden and Linscott Avenues, and is positioned near well-known retailers such as Jewel, Chipotle, and Starbucks.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Kitchen
- Private Restrooms
- Fronting busy Ogden Ave - 30,000 vpd
- Accessible from both Ogden and Linscott avenues
- Convenient front, side and rear parking
- Versatile floorplan for one or two tenants
- Great demos in highly desirable trade area:
- Near Jewel, Chipotle, Starbucks
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 1229 W Ogden , Downers Grove, IL 60515
| Property Type | Retail | Year Built | 1966 |
| Property Subtype | Storefront | Parking Ratio | 2.74/1,000 SF |
| Gross Leasable Area | 4,020 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,020 SF |
| Year Built | 1966 |
| Parking Ratio | 2.74/1,000 SF |
About the Property
Introducing an investment or owner-user property on Ogden Avenue in Downers Grove available for sale or lease. This versatile retail center encompasses a total of ± 4,040 square feet, which can be configured as a single showroom space or divided into two separate units of ± 2,010 square feet each. With two front entrances and convenient rear access and parking, this property is designed to accommodate a diverse range of tenants or buyers. Located on Ogden Avenue, with traffic counts of 30,000 vehicles per day, the property has exceptional visibility. The surrounding demographic data underscores the market potential, with 88,000 residents in a three-mile radius and an average household income exceeding $150,000 annually. Additionally, the property benefits from easy access via both Ogden and Linscott Avenues, and is positioned near well-known retailers such as Jewel, Chipotle, and Starbucks.
- Bus Line
- Signage
Nearby Major Retailers
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Martha Winter -
Lexi Welton -
LM Commercial Real Estate
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1229 W Ogden
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