This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Village Square 40-60 W Palatine Rd
2,324 SF of Retail Space Available in Palatine, IL 60067
Highlights
- Recently Renovated Facade and New Parking Lot
- High Visibility End Cap/ Corner Unit
- 3 Blocks from Metra Station
- Abundant Parking Onsite with Public Lot Across Street
- Full Basement with 2,324 SF Additional Storage Space
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,324 SF | 10’ - 10’6” | Negotiable | $27.00 /SF/YR $2.25 /SF/MO $62,748 /YR $5,229 /MO | Modified Gross |
32-60 W Palatine Rd - 1st Floor
Prime End-Cap Retail Space Available in the Heart of Downtown Palatine. High visibility corner storefront with easy access and abundant parking. Full basement provides additional 2324 SF of usable storage space.
- Listed rate may not include certain utilities, building services and property expenses
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- Partitioned Offices
- Corner Space
- Drop Ceilings
- After Hours HVAC Available
- Finished Ceilings: 10’ - 10’6”
- Basement
- Prime End-Cap Retail Space Available
- Abundant Parking - Public Lot Across Street
- High Visibility with 13,000+ VPD
- 3 Blocks From Metra Station
- Full Basement with 2,324 SF of Storage 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.
PROPERTY FACTS FOR 40-60 W Palatine Rd , Palatine, IL 60067
| Center Type | Strip Center | Frontage | |
| Parking | 39 Spaces | Gross Leasable Area | 21,819 SF |
| Stores | 10 | Total Land Area | 0.79 AC |
| Center Properties | 1 | Year Built | 1975 |
| Center Type | Strip Center |
| Parking | 39 Spaces |
| Stores | 10 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 21,819 SF |
| Total Land Area | 0.79 AC |
| Year Built | 1975 |
About the Property
Situated on almost a full acre near the heart of Downtown Palatine, on the northeast corner of Palatine Road and Broadway Street.
- Commuter Rail
- Corner Lot
- Pylon Sign
- Signage
Nearby Major Retailers
Presented by
The Village Square | 40-60 W Palatine Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.