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1550 W 75th St
3,591 - 7,235 SF of Retail Space Available in Downers Grove, IL 60516
Highlights
- 18,500 SF former fitness center in prime location. Spaces can be combined
- Outlot to The Grove Shopping Center with cross-access parking available
- 1,411 SF unit - $24.00/SF, 2,664 SF unit - $22.00/SF, 4,222 SF unit - $20.00/SF, 12,666 SF space - $18.00/SF and 18,500 SF space - $16.00/SF
- Excellent visibility on busy 75th Street
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,644 SF | Negotiable | $25.88 CAD/SF/YR $2.16 CAD/SF/MO $94,295 CAD/YR $7,858 CAD/MO | Triple Net (NNN) | ||
| 1st Floor | 3,591 SF | Negotiable | $33.06 CAD/SF/YR $2.76 CAD/SF/MO $118,736 CAD/YR $9,895 CAD/MO | Triple Net (NNN) |
1st Floor
A 18,500 square foot retail building on busy 75th Street in the Downers Grove is available for lease. This single-story building was formerly a fitness center, Blast Fitness. The property is an outlot to The Grove Shopping Center with cross access parking. Excellent opportunity to redevelop property. Area retailers include Walmart, Kohl’s, Home Depot, Ross, TJ Maxx/Home Goods, Best Buy, XSport Fitness and many more.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 7,235 SF of adjacent space
1st Floor
A 18,500 square foot retail building on busy 75th Street in the Downers Grove is available for lease. This single-story building was formerly a fitness center, Blast Fitness. The property is an outlot to The Grove Shopping Center with cross access parking. Excellent opportunity to redevelop property. Area retailers include Walmart, Kohl’s, Home Depot, Ross, TJ Maxx/Home Goods, Best Buy, XSport Fitness and many more.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 7,235 SF of adjacent space
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 1550 W 75th St , Downers Grove, IL 60516
| Total Space Available | 7,235 SF | Year Built | 1995 |
| Property Type | Retail | Parking Ratio | 3.82/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | Lemont Rd. |
| Gross Leasable Area | 20,963 SF |
| Total Space Available | 7,235 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 20,963 SF |
| Year Built | 1995 |
| Parking Ratio | 3.82/1,000 SF |
| Cross Streets | Lemont Rd. |
About the Property
A 18,500 square foot retail building on busy 75th Street in the Downers Grove is available for lease. This single-story building was formerly a fitness center, Blast Fitness. The property is an outlot to The Grove Shopping Center with cross access parking. Excellent opportunity to redevelop property. Area retailers include Walmart, Kohl’s, Home Depot, Ross, TJ Maxx/Home Goods, Best Buy, XSport Fitness and many more.
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1550 W 75th St
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