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Marbil Plaza 12701-12729 S Ridgeland Ave 1,155 sq ft of Retail Space Available in Palos Heights, IL 60463
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| 1st Floor, Ste 12721 | 1,155 sq ft | Negotiable | £14.15 /sq ft pa £1.18 /sq ft pcm £16,345 pa £1,362 pcm | Triple Net |
12701-12729 S Ridgeland Ave - 1st Floor - Ste 12721
Great space between Papa John's Pizza and CNB Bank & Trust. Excellent visibility to busy 127th Street with highly visible signage opportunity.
- Lease rate does not include utilities, property expenses or building services
- Partially Fit-Out as Standard Retail Unit
- Located in-line with other retail
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 (NNN) 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 agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rent 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 rent 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 MARBIL PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- CNB Bank And Trust, N.A.
- Bank
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| CNB Bank And Trust, N.A. | Bank | 1 | Local |
PROPERTY FACTS
FEATURES AND AMENITIES
- Banking
- Corner Lot
- Pylon Sign
- Signage
- Signalised Intersection
- Monument Signage
NEARBY MAJOR RETAILERS
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Marbil Plaza | 12701-12729 S Ridgeland Ave
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