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Palatine Centre 11-47 E Northwest Hwy
815 SF of Office Space Available in Palatine, IL 60067
Highlights
- Located on Northwest Highway just north of Downtown Palatine.
- Center is anchored by Quest Academy, an elementary school serving approximately 300 students daily
- 24-7 Tenant Access & tenant Control of HVAC
- Easy Access to Route 53/I-90.
- 815 SF Former Med Spa Office space for lease
- See link below for 3-D virtual tour of suite 15-B (815 SF) !!!
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 15-B | 0.02 AC | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $161.46 /m²/YR $13.45 /m²/MO $1,019 /MO $12,225 /YR | Full Service |
3-47 E Northwest Hwy - 1st Floor - Ste 15-B
815 SF Office space for lease $15.00 PSF Modified Gross Private entrance, reception & private offices. Access to common area restrooms Located on Northwest Hwy with Excellent Exposure Easy Access to Route 53/I-90 via Northwest Hwy Center is Anchored by Quest Academy (Elementary School Serving Approximately 300 Students) Immediate Occupancy Rental Rate on Office Suites $15 PSF MG ***All Office Suites Include Utilities & Janitorial
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Fits 3 - 7 People
- Space is in Excellent Condition
- Central Air and Heating
- Drop Ceilings
- Natural Light
- After Hours HVAC Available
- Atrium
- 815 SF Office space for lease
- **All Office Suites Include Utilities & Janitorial
- 24-7 Tenant Access & tenant Control of HVAC
- $1,018.75 per month (Includes Utilities!!!!!)
- Former Med Spa Space with exam rooms & sink
- See link below for 3-D virtual tour of suite 15-B
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 broker 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 11-47 E Northwest Hwy , Palatine, IL 60067
| Center Type | Neighborhood Center | Gross Leasable Area | 40,000 SF |
| Parking | 70 Spaces | Total Land Area | 2.79 AC |
| Stores | 1 | Year Built | 1980 |
| Center Properties | 1 | Cross Streets | W Northwest Hwy & N Plum Grove Rd |
| Frontage | E Northwest Hwy |
| Center Type | Neighborhood Center |
| Parking | 70 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | E Northwest Hwy |
| Gross Leasable Area | 40,000 SF |
| Total Land Area | 2.79 AC |
| Year Built | 1980 |
| Cross Streets | W Northwest Hwy & N Plum Grove Rd |
About the Property
High Traffic Retail and office center for lease. Atrium Office Suites available for lease with common areas renovated in 2019. Located on Northwest Hwy with excellent exposure & tenant signage Center is anchored by Quest Academy, an elementary school serving approximately 300 students model office suites with renovated common areas. See link below for 3-D virtual tour of suite 15-B (815 SF) !!!
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Nearby Major Retailers
-
Randy Olczyk -
Thomas Callahan -
Chicagoland Commercial Real Estate
Presented by
Palatine Centre | 11-47 E Northwest Hwy
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