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Torrence Commons 16901 Torrence Ave

2,435 - 5,367 SF of Retail Space Available in Lansing, IL 60438

Retail Space Illinois Lansing 16901 Torrence Ave, Lansing, IL 60438

Highlights

  • New Modern Face Lift Recently Done
  • Pylon Signage Available
  • Highly Visible Site

Space Availability (2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor, Ste 16909
  • 2,932 SF
  • Negotiable
  • $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $4,887 /MO $58,640 /YR
  • Triple Net (NNN)
16901-16919 Torrence Ave - 1st Floor - Ste 16909
Space Use
Retail
Condition
Partial Build-Out
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • 1st Floor, Ste 16911
  • 2,435 SF
  • Negotiable
  • $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $4,058 /MO $48,700 /YR
  • Triple Net (NNN)
16901-16919 Torrence Ave - 1st Floor - Ste 16911
Space Use
Retail
Condition
Partial Build-Out
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
  • Located in-line with other retail
Space Size Term Rental Rate Rent Type
1st Floor, Ste 16909 2,932 SF Negotiable $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $4,887 /MO $58,640 /YR Triple Net (NNN)
1st Floor, Ste 16911 2,435 SF Negotiable $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $4,058 /MO $48,700 /YR Triple Net (NNN)

16901-16919 Torrence Ave - 1st Floor - Ste 16909

Size
2,932 SF
Term
Negotiable
Rental Rate
$20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $4,887 /MO $58,640 /YR
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail

16901-16919 Torrence Ave - 1st Floor - Ste 16911

Size
2,435 SF
Term
Negotiable
Rental Rate
$20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $4,058 /MO $48,700 /YR
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Partial Build-Out
Availability
Now

  • Lease rate does not include utilities, property expenses or building services
  • Located in-line with other retail

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 16901 Torrence Ave , Lansing, IL 60438

Center Type Strip Center Frontage 330’ on Torrence Ave
Parking 141 Spaces Gross Leasable Area 22,315 SF
Stores 6 Total Land Area 2.66 AC
Center Properties 1 Year Built 1985
Center Type Strip Center
Parking 141 Spaces
Stores 6
Center Properties 1
Frontage 330’ on Torrence Ave
Gross Leasable Area 22,315 SF
Total Land Area 2.66 AC
Year Built 1985

About the Property

Introducing a prime commercial property available for lease in a bustling and vibrant area. This exceptional space offers a versatile range of options, providing ample room for businesses of various sizes and industries. Situated in the heart of a busy and sought-after location, with many national tenants in the area. Don't miss the chance to secure this prime space and make your mark in this bustling commercial hub.

  • Pylon Sign
  • Tenant Controlled HVAC

Attachments

16901 Torrence Ave Brochure
1 of 1

Nearby Major Retailers

Hooters
Chili's
La Fitness
IHOP
ALDI
Chase Bank
Olive Garden Italian Rstrnt
Strack & Van Til
Checkers
Planet Fitness
(708) 927-8000

  • Listing ID: 29178254

  • Date on Market: 8/3/2023

  • Last Updated:

  • Address: 16901 Torrence Ave, Lansing, IL 60438

The Retail Property at 16901 Torrence Ave, Lansing, IL 60438 is currently available For Lease. Contact Network Commercial Real Estate, llc. for more information.

PROPERTIES IN NEARBY NEIGHBORHOODS

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16901 Torrence Ave, Lansing, IL for lease Building Photo- Image 1 of 3
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Torrence Commons | 16901 Torrence Ave
(708) 927-8000 x

Torrence Commons | 16901 Torrence Ave

1/2

Neil Haleem

(708) 927-8000

(708) 927-8000

Adam Haleem

(708) 873-5540

(708) 873-5540

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