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Midland Plaza 137-157 W South St
1,467 - 49,942 SF of Space Available in Kewanee, IL 61443
Highlights
- Built deep into the friendliest small town in America. Since 1970.
- Located in Kewanee's only 100% retail corner.
Space Availability (9)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,230 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 1,760 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 2,450 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste A-2 | 5,941 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste A-4 | 11,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste B-4 | 2,894 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $2,412 /MO $28,940 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste B2 | 2,200 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $1,833 /MO $22,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste B8 | 1,467 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $1,223 /MO $14,670 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste C2-C6 | 20,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
- Space is an outparcel at this property
1st Floor
- Space is an outparcel at this property
1st Floor
- Space is an outparcel at this property
137-157 W South St - 1st Floor - Ste A-2
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Drop Ceilings
137-157 W South St - 1st Floor - Ste A-4
Formerly a Dollar General store.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Drop Ceilings
- Emergency Lighting
125-127 W South St - 1st Floor - Ste B-4
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
125-127 W South St - 1st Floor - Ste B2
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Fits 6 - 18 People
- 4 Private Offices
- Central Air and Heating
- Reception Area
- Drop Ceilings
125-127 W South St - 1st Floor - Ste B8
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
137-157 W South St - 1st Floor - Ste C2-C6
- Highly Desirable End Cap Space
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.
SELECT TENANTS AT Midland Plaza
- Tenant
- Description
- US Locations
- Reach
- Arby's
- Retailer
- -
- -
- Maurices
- Retailer
- -
- -
- Menards
- Retailer
- -
- -
- Midwest Dental
- MD/DDS
- 146
- National
- Shoe Sensation
- Retailer
- -
- -
| Tenant | Description | US Locations | Reach |
| Arby's | Retailer | - | - |
| Maurices | Retailer | - | - |
| Menards | Retailer | - | - |
| Midwest Dental | MD/DDS | 146 | National |
| Shoe Sensation | Retailer | - | - |
PROPERTY FACTS FOR 137-157 W South St , Kewanee, IL 61443
About the Property
The April 8, 1970 front page news in Kewanee's Star Courier was Midland Plaza - Kewanee's first major shopping center. Servicing Kewanee residents who would routinely drive to Galesburg or The Quad Cities or Peoria to shop, the new center's developer, Robert Cohen of Peoria, Illinois, said "I look upon the center as a partner in the progress of all Kewanee". After 44 years, Midland Plaza today remains Kewanee's largest shopping center, providing essential goods and services and entertainment for all of Kewanee, proud of its legacy of generating millions in sales and real estate tax revenues for the City of Kewanee while becoming part of the community of Kewanee. Today, through the retail real estate company Cohen founded, the Midland Plaza Shopping Center success story continues. Existing stores are stable and flourishing. New stores will open soon. Future expansions and renovations are planned. And the largest and original Shopping Center in Kewanee is on track to continue as the largest and the best retail in Kewanee. Part of the community. Part of its progress. Part of its future. Midland Plaza Shopping Center is strategically located at Kewanee¼s only 100% retail corner the junction of Illinois Route 78 and US Route 34, directly across a six-lane intersection from Wal-Mart Supercenter and in Kewanee¼s growing retail corridor. This proven site has exceptional visibility and accessibility
- Air Conditioning
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Tenant Controlled HVAC
Nearby Major Retailers
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Midland Plaza | 137-157 W South St
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