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427 5th St
5,500 - 11,000 SF of Retail Space Available in Peru, IL 61354
Highlights
- Near by Restaurants, Brewery and Shopping
- Public & Street Parking Available
Space Availability (1)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor | 5,500-11,000 SF | 10 ft 5 in - 12 ft 5 in | 2 Years | £3.00 /SF/PA £0.25 /SF/MO £32.25 /m²/PA £2.69 /m²/MO £32,961 /PA £2,747 /MO | Modified Gross |
1st Floor
Are you looking to grow or start a new business? This is an exceptional opportunity for you! This property offers prime visibility and versatility. With its strategic location near major attractions and a history of successful operation, the space is perfect for a wide range of ventures, from retail to hospitality. It was used as a furniture store for many years! The added features, like the modern apartment with a fully-equipped kitchen that can be used for personal or business needs, extensive storage space, and the potential for off-street parking or outdoor expansion, make it even more appealing. This property offers endless possibilities for growth and success. Don't miss out on making this space your own!
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- Raised Floor
- High Ceilings
- Finished Ceilings: 10 ft 5 in - 12 ft 5 in
- Basement
- Display Window
- Open Space with two elevations
- South Facing, Pleating of Visibility and Sunlight
- Potential: Entertainment, Billiards Hall, Banquets
- Tenant Occupied Apartment (Use Only)
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 427 5th St , Peru, IL 61354
| Min. Divisible | 5,500 SF | Gross Internal Area | 22,464 SF |
| Property Type | Retail | Year Built | 1921 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.09/1,000 SF |
| Min. Divisible | 5,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Internal Area | 22,464 SF |
| Year Built | 1921 |
| Parking Ratio | 0.09/1,000 SF |
About the Property
For Lease 11,000 Sq/Ft: Excellent Opportunity for establishing Entertainment, Banquet, Fitness, Wellness/Healthcare Faculty, Billiard Hall, Retail, Warehouse, Light Manufacturing/Assembly/Distribution or Storage Space. Excellent opportunity to expand, relocate or establish a new business venture... or to establish a distribution/warehouse facility. The resident tenant will have use of modern apartment, fully-equipped kitchen that can be used for personal or business focus. Previously owner occupied as an established and highly successful and respected furniture Store.. this location is identifiable by various surrounding Illinois City/Towns including but not limited to: Lasalle, North Utica, Jonesville, Dalzell, Spring Valley, Oglesby, Princeton, Illinois. Property is within Peru, IL Commercial District and zoned B-4. It is in close proximity to area restaurants, brewery's/ pub's, local shopping and has access to ample street and city parking. Contact listing agent for additional information.
- Corner Lot
-
Thomas Tsipas -
Neos /Keller Williams Inifinity
Presented by
427 5th St
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