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535 Ogden Ave
3,978 SF of Retail Space Available in Downers Grove, IL 60515
Highlights
- Corner location on Ogden Avenue with high traffic counts
- Half acre parcel available for long term ground lease
- 3,978 square foot building
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 3,978 SF | Negotiable | £26.18 /SF/PA £2.18 /SF/MO £281.79 /m²/PA £23.48 /m²/MO £104,140 /PA £8,678 /MO | Triple Net |
1st Floor
Freestanding former bank facility with a corner location on Ogden Avenue in Downers Grove. The building can be re-tenanted as a bank or can be converted to a multitude of retail uses. 3,978 square foot building with four drive-through lanes plus an ATM lane. Ggreat traffic counts on Ogden avenue with over 38,000 vehicles per day. The property is also available for a long-term ground lease.
- Lease rate does not include utilities, property expenses or building services
- Central Air and Heating
- Partitioned Offices
- Kitchen
- Fully Carpeted
- 3,978 square foot building. Half acre corner lot.
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 535 Ogden Ave , Downers Grove, IL 60515
| Property Type | Retail | Year Built | 2005 |
| Property Subtype | Bank | Parking Ratio | 4.02/1,000 SF |
| Gross Internal Area | 3,978 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Internal Area | 3,978 SF |
| Year Built | 2005 |
| Parking Ratio | 4.02/1,000 SF |
About the Property
Former Bank Building located at the Southeast Corner of Ogden and Sterling in Downers Grove. 3,978 square foot single-story building on a half-acre corner parcel. The site currently has sixteen car parking plus an additional nine to twelve vehicles can be parked under the existing drive-through lane canopy if the concrete lane barriers are removed. This building can be easily converted to a multitude of retail uses. The property is also available for a long-term ground lease.
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
-
Brian Butler -
The Butler Group
Presented by
535 Ogden Ave
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