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159th/Cicero Oak Forest, IL 15848 S Cicero Ave
1,200 - 4,732 SF of Retail Space Available in Oak Forest, IL 60452
Highlights
- Transit Oriented Development with over 1,000 daily transit commuters.
- New Construction visible from the hard corner.
- Join Starbuck’s, ATI Physical Therapy, DG Market, & First Savings Bank at the Gateway Development
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,200-4,732 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
Divisible Retail Space located within the Gateway Association, home to the Metra Rock Island District rail station with service to the Downtown Chicago LaSalle Street Platform and the Southwest Suburbs as far as Joliet, Illinois.
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.
SELECT TENANTS AT 159th/Cicero Oak Forest, IL
- ATI Physical Therapy
- DG Market
- Starbucks
PROPERTY FACTS FOR 15848 S Cicero Ave , Oak Forest, IL 60452
| Min. Divisible | 1,200 SF | Gross Internal Area | 4,972 SF |
| Property Type | Retail | Year Built | 2018 |
| Property Subtype | Storefront | Parking Ratio | 9.05/1,000 SF |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 4,972 SF |
| Year Built | 2018 |
| Parking Ratio | 9.05/1,000 SF |
About the Property
First In Realty, Inc. is pleased to offer for lease 4,723 SF of retail space for lease located on the busy intersection of 159th & Cicero in Oak Forest, Illinois. The City of Oak Forest is located just 24 miles from Downtown Chicago easily accessible by major thoroughfares, expressways, and the convenient Metra Rock Island commuter train station. The City of Oak Forest is on the fast track to becoming one of the premier suburbs in southwest Cook County.
- Commuter Rail
- Corner Lot
- Pylon Sign
- Signalised Intersection
- Air Conditioning
-
Mark Mielnicki -
Sarah Malburg -
First In Realty, Inc
Presented by
159th/Cicero Oak Forest, IL | 15848 S Cicero Ave
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