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1538 Clavey Rd
7,400 SF of Retail Space Available in Highland Park, IL 60035
Highlights
- Located in commercial hotspot
- Ideal location that is host to upcoming Real Estate growth
- On busy intersection with plentiful parking space
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 7,400 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
Large retail space for lease. Property is a large space with ample parking for customers and employees. Easy access to US Hwy-41 Excellent opportunity for expansion and redesign.
- Space is an outparcel at this property
- Kitchen
- Private Restrooms
- Freezer Space
- Corner Space
- Smoke Detector
- Wheelchair Accessible
- Ample space for extension and new consrtuction
- Location on intersection of Clavey and Skokie Blvd
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 agent 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 1538 Clavey Rd , Highland Park, IL 60035
| Property Type | Retail | Year Built | 1952 |
| Property Subtype | Restaurant | Parking Ratio | 7.65/1,000 SF |
| Gross Internal Area | 7,400 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 7,400 SF |
| Year Built | 1952 |
| Parking Ratio | 7.65/1,000 SF |
About the Property
7500 SF office/retail building with frontage on Clavey Rd and Skokie Valley Rd. The one-floor property is host to an convenient intersection of Highland Park, Illinois, in which it surrounds many other local businesses. In the area there are planned infrastructure improvements, new commercial developments, and community enhancements promise to further elevate the desirability and value of the property and its surrounding. 1538 Clavey Rd, is an location poised for exponential growth, and can see rapid improvement dependent on the leasers wants and needs. The property itself has room for ample expansion, redesign and repurposes. One of the most compelling aspects of 1538 Clavey Rd is its appeal to a high-income demographic. Highland Park is known for its upscale community, where residents enjoy a high standard of living. The area attracts professionals, executives, and successful entrepreneurs who demand premium living spaces. This affluent demographic not only ensures stable and lucrative rental income but also contributes to a vibrant and thriving community.
- Signalised Intersection
Nearby Major Retailers
Presented by
North Avenue Properties, LLC
1538 Clavey Rd
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