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Market Square 272 Market Sq
1,100 - 4,111 SF of 4-Star Office Space Available in Lake Forest, IL 60045
Highlights
- •Generous TI package
- •Steps from Lake Forest Metra Station and numerous retail shops and restaurants
- •Each space is unique with features such as high ceilings, brick walls and skylights
- •Spectacular renovation in the heart of downtown Lake Forest
- •Highest Quality office space in downtown Lake Forest
- •Financially Strong Institutional Ownership
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 205 | 1,150 SF | Negotiable | $55.00 /SF/YR $55.00 /SF/YR $592.02 /m²/YR $4.58 /SF/MO $49.33 /m²/MO $5,271 /MO $63,250 /YR | Full Service | ||
| 2nd Floor, Ste 212 | 1,861 SF | Negotiable | $55.00 /SF/YR $55.00 /SF/YR $592.02 /m²/YR $4.58 /SF/MO $49.33 /m²/MO $8,530 /MO $102,355 /YR | Full Service | ||
| 2nd Floor, Ste 216 | 1,100 SF | Negotiable | $55.00 /SF/YR $55.00 /SF/YR $592.02 /m²/YR $4.58 /SF/MO $49.33 /m²/MO $5,042 /MO $60,500 /YR | Full Service |
2nd Floor, Ste 205
- Rate includes utilities, building services and property expenses
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
2nd Floor, Ste 212
- Rate includes utilities, building services and property expenses
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
2nd Floor, Ste 216
- Rate includes utilities, building services and property expenses
- Mostly Open Floor Plan Layout
- 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.
PROPERTY FACTS FOR 272 Market Sq , Lake Forest, IL 60045
| Rental Rate | $55.00 /SF/YR | Gross Leasable Area | 29,700 SF |
| Property Type | Retail | Total Land Area | 0.50 AC |
| Property Subtype | Storefront Retail/Office | Year Built/Renovated | 1916/2019 |
| Rental Rate | $55.00 /SF/YR |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 29,700 SF |
| Total Land Area | 0.50 AC |
| Year Built/Renovated | 1916/2019 |
-
Steven Holmberg -
Cushman & Wakefield
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.
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Market Square | 272 Market Sq
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