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Adler Square 1742-1768 N Milwaukee Ave
1,300 - 12,744 SF of Office/Retail Space Available in Libertyville, IL 60048
Highlights
- Walgreens Shadow Anchor
- High Traffic Counts
- 5,900 SF 2nd Generation Restaurant Space Available
- Affluent Demographics
- Full Access to Both Buckley & Milwaukee Avenue
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1750 | 2,718 SF | Negotiable | $25.60 CAD/SF/YR $2.13 CAD/SF/MO $275.51 CAD/m²/YR $22.96 CAD/m²/MO $5,797 CAD/MO $69,570 CAD/YR | Triple Net (NNN) | ||
| 1st Floor, Ste 1754 | 1,300-4,126 SF | Negotiable | $25.60 CAD/SF/YR $2.13 CAD/SF/MO $275.51 CAD/m²/YR $22.96 CAD/m²/MO $8,801 CAD/MO $105,609 CAD/YR | Triple Net (NNN) | ||
| 1st Floor, Ste 1766 | 5,900 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1742-1768 N Milwaukee Ave - 1st Floor - Ste 1750
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 6,844 SF of adjacent space
- Located in-line with other retail
1742-1768 N Milwaukee Ave - 1st Floor - Ste 1754
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 6,844 SF of adjacent space
1742-1768 N Milwaukee Ave - 1st Floor - Ste 1766
Fully built out restaurant space in excellent condition with outdoor patio. FF&E available. Currently operating business - Do not disturb tenant.
- 2nd Gen Restaurant Space - New Buildout 2021
- New outdoor patio
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 Adler Square
- Tenant
- Description
- US Locations
- Reach
- Harbor Kitchen & Tap
- Accommodation and Food Services
- -
- -
- Sushi Thai
- Accommodation and Food Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Harbor Kitchen & Tap | Accommodation and Food Services | - | - |
| Sushi Thai | Accommodation and Food Services | - | - |
PROPERTY FACTS FOR 1742-1768 N Milwaukee Ave , Libertyville, IL 60048
About the Property
Located at the southeast corner of heavily traveled Milwaukee Avenue and Buckley Road, this property is shadow anchored by Walgreens Pharmacy, in a development that includes Starbucks Coffee and Holiday Inn Express & Suites. Tenants are supported by dense demographics with high disposable income (Median Household Income over $138,000, Avg. Housing Value over $471,000) and heavy traffic counts (23,400 and 26,300 on Milwaukee and Buckley respectively). Space available includes a 5,900 SF 2nd generation restaurant space and a 1,353 SF medical office space.
- Pylon Sign
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Adler Square | 1742-1768 N Milwaukee Ave
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