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Flexible deal terms for experienced operator 510 5th St
1,425 SF of Retail Space Available in Peru, IL 61354
Highlights
- 22 car parking off street parking spots on busy route 6
Space Availability (1)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor, Ste 510 | 1,425 SF | 9 ft 2 in | 3-5 Years | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor, Ste 510
510 Fifth St is a perfect property for bar, pizza by the slice, ice-cream shop or a pop up restaurant. Fresh Restoration includes: (2) new restrooms; Bar with Hobart Dishwasher, True Merchandiser, 3 compartment, sink; new lighting; chairs, table and barstools for 46; Kitchen equipment; 2 televisions and stereo; large fenced concrete patio; warm dry basement; dumbwaiter; washer dryer; decor is negotiable. Call for pricing!
- Fully Built-Out as a Drinking Establishment
- Highly Desirable End Cap Space
- High End Trophy Space
- Central Air Conditioning
- Secure Storage
- Plug & Play
- Finished Ceilings: 9 ft 2 in
- Basement
- Exception Vintage Mid Century Modern Interiors
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 510 5th St , Peru, IL 61354
| Property Type | Retail | Year Built | 1956 |
| Gross Internal Area | 2,575 SF |
| Property Type | Retail |
| Gross Internal Area | 2,575 SF |
| Year Built | 1956 |
About the Property
Perfect retail, studio, food & beverage or office space Great vintage/Retro styling retail space Pylon signage available Located only steps from Westclox in Peru’s historic East End High visibility on US Route 6 with traffic count over 9,400 daily
Nearby Major Retailers
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Flexible deal terms for experienced operator | 510 5th St
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