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855 E Grand Ave 16,299 SF of Retail Space Available in Lake Villa, IL 60046
HIGHLIGHTS
- Modern, attractive Architecture
- 16,700 vehicle per day traffic count
- Expansive parking lot
- Lots of natural light
- 500' frontage on Grand Ave
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 16,299 SF | Negotiable | $17.00 /SF/YR $1.42 /SF/MO $182.99 /m²/YR $15.25 /m²/MO $23,090 /MO $277,083 /YR | Net |
1st Floor
Easily re-purposed, this modern 16,299 SF steel and glass showroom, originally built as a car dealership, is the perfect spot to park your business. Located six miles from Gurnee Mills, the 3.078-acre site offers off-street parking for 215 vehicles. The showroom includes a Managers Office, sales office, and Customer Lounge with a wet Refreshment Counter. The Service Department has 10 bays with 8 lifts, an Alignment Rack, and a Wash Bay. Six Drive-in Doors provide ample access. The Parts Department includes a two-story storage area housing electrical panels and security systems. Updated lighting (2019) and new HVAC (2017) ensure modern amenities. Suitable for various uses, and the landlord is open to incentives.
- Lease rate does not include certain property expenses
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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 16,299 SF | Gross Leasable Area | 16,299 SF |
| Property Type | Retail | Year Built | 2003 |
| Property Subtype | Auto Dealership | Parking Ratio | 10/1,000 SF |
| Total Space Available | 16,299 SF |
| Property Type | Retail |
| Property Subtype | Auto Dealership |
| Gross Leasable Area | 16,299 SF |
| Year Built | 2003 |
| Parking Ratio | 10/1,000 SF |
ABOUT THE PROPERTY
For sale or lease, this versatile property is easily adaptable for various uses. Originally constructed as a New Car Dealership, it features a modern steel and glass showroom alongside masonry service and parts departments, encompassing a total of 16,299 square feet—an ideal location for your business. Situated just six miles from Gurnee Mills, the 3.078-acre site offers off-street parking for 215 vehicles. To reach the site, travel west from I-94 and Gurnee Mills Mall for six miles to the southeast corner of Grand Avenue (Route 132) at the hard corner of Sanctuary Drive, Lake Villa, IL.
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Storage Space
- Recessed Lighting
- Monument Signage
- Air Conditioning
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Grand Ave | Sanctuary Dr, W | 18,763 | 2023 | 0.04 mi |
| IL 132 | Sheehan Dr, W | 15,240 | 2024 | 0.11 mi |
| Grand Avenue | Sanctuary Dr, W | 18,542 | 2025 | 0.12 mi |
| IL 132 | N Deep Lake Rd, W | 15,190 | 2025 | 0.22 mi |
| Cty V67 | Grand Ave, S | 9,359 | 2023 | 0.22 mi |
| IL 132 | - | 15,263 | 2023 | 0.26 mi |
| IL 132 | Shoshoni Trl, W | 15,240 | 2024 | 0.31 mi |
| Deep Lake Road | Grand Ave, S | 9,158 | 2025 | 0.41 mi |
| Grand Avenue | Cremin Dr, E | 18,542 | 2025 | 0.44 mi |
| Grand Ave | Cremin Dr, E | 18,763 | 2023 | 0.46 mi |
NEARBY MAJOR RETAILERS
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