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Northern Lights Crossings 5320-5340 Grand Ave
5,000 - 38,000 SF of Space Available in Gurnee, IL 60031
Highlights
- Northern Lights Crossings at 5320-5340 Grand Avenue provides move-in-ready retail and office space that can be customized as desired.
- Situated in an affluent community boasting an average household income in excess of $112,000, which presents high levels of discretionary income.
- Located directly across from Six Flags and near Gurnee Mills, home to a variety of factory outlets and brand name retailers.
- Due to the neighboring traffic generators and being within a retail hub, the area sees over 30,000 vehicles pass nearby daily.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,500-19,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 5,000-19,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
The unit is currently built out for school or college or office. But can be converted for grocery store or hardware store or any retail or office purpose.
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
- Space is in Excellent Condition
- Built out for college but can be grocery store
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Office intensive layout
- Fits 13 - 152 People
- Space is in Excellent Condition
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 Northern Lights Crossings
- Tenant
- Description
- US Locations
- Reach
- Army National Guard Recruiting Center
- Other Services
- 184
- National
- Ichiban Japanese Steakhouse
- Restaurant
- 1
- Local
- JC Licht
- Paint/Wallpaper
- 72
- Local
- Royal Thai Restaurant
- Restaurant
- 1
- Local
- Ryse Athletic Club
- Fitness
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Army National Guard Recruiting Center | Other Services | 184 | National |
| Ichiban Japanese Steakhouse | Restaurant | 1 | Local |
| JC Licht | Paint/Wallpaper | 72 | Local |
| Royal Thai Restaurant | Restaurant | 1 | Local |
| Ryse Athletic Club | Fitness | 1 | Local |
PROPERTY FACTS FOR 5320-5340 Grand Ave , Gurnee, IL 60031
| Min. Divisible | 5,000 SF | Total Land Area | 4.92 AC |
| Property Type | Retail | Year Built | 1995 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 5.04/1,000 SF |
| Gross Leasable Area | 61,500 SF |
| Min. Divisible | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 61,500 SF |
| Total Land Area | 4.92 AC |
| Year Built | 1995 |
| Parking Ratio | 5.04/1,000 SF |
About the Property
Northern Lights Crossings offers 10,000 to 45,992 square feet of retail and office space that’s move-in-ready or can be converted to accommodate various business needs. Built out as a school or office, the suite could easily be used as a large retail store. It also sits at the heart of a shopping center that houses a variety of local, regional, and national brands. It’s within a five-minute drive of the renowned Gurnee Mills, home to well-known brands, factory outlets, and various restaurants, all in a bright one-story indoor mall. That’s in addition to being directly across from Six Flags Great America, a sprawling amusement park with more than 100 rides and attractions. Northern Lights Crossings' positioning between significant entertainment and retail destinations helps bring over 30,000 vehicles into the area along the nearby intersection of Grand Avenue and SE Elsie Avenue daily. Retailers can capitalize on the $1.6 billion that is spent within a five-mile radius of the property, 27.6% of which is spent on food and drink, 13.7% on entertainment, and 5.6% on apparel because of that consistent flow of consumers.
- 24 Hour Access
- Banking
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
Vemuri LLC
Northern Lights Crossings | 5320-5340 Grand Ave
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