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10 W 2nd St 46,000 SF of Retail Space Available in Pana, IL 62557
HIGHLIGHTS
- Great Building with building and monument signage
- Endless possibilities
- Plenty of Parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 46,000 SF | Negotiable | $7.00 /SF/YR $0.58 /SF/MO $75.35 /m²/YR $6.28 /m²/MO $26,833 /MO $322,000 /YR | Triple Net (NNN) |
1st Floor
Parcel # 11-25-21-224-001-00 - 46,000 SF Building and 4.46 Acres Parcel # 11-25-21-224-002-00 - 1.17 Acre Vacant Lot Vacant building, former Wal Mart Store. Additional lot to the east also included in sale. Building is in above average condition and ready for a new owner or tenant. Owners would prefer to sell the building but would entertain a lease depending on terms. More info to be added within the next 2 weeks. All optional uses suggested would have to meet City approval.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
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
| Total Space Available | 46,000 SF | Gross Leasable Area | 46,000 SF |
| Property Type | Retail | Year Built | 1978 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 46,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 46,000 SF |
| Year Built | 1978 |
ABOUT THE PROPERTY
Great Building across from Casey's Store. Plenty of Parking. The City of Pana is excited to speak and work with a new occupant. The City may consider a non-conforming use. This property has many possible uses. More information will be added as it is sent to us.
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| S Chestnut St | W 3rd St, S | 732 | 2022 | 0.11 mi |
| W 2nd St | Congress Aly, E | 3,671 | 2022 | 0.13 mi |
| N State St | W Olive St, N | 2,276 | 2022 | 0.16 mi |
| S State St | W 2nd St, N | 732 | 2022 | 0.17 mi |
| N Walnut St | W Washington St, S | 4,309 | 2022 | 0.18 mi |
| S Chestnut St | W 3rd St, N | 732 | 2022 | 0.19 mi |
| N State St | W Washington St, N | 1,382 | 2022 | 0.20 mi |
| W Washington St | N Locust St, E | 4,632 | 2022 | 0.21 mi |
| E Washington St | N Poplar St, E | 4,632 | 2022 | 0.26 mi |
| W Orange St | N State St, W | 976 | 2022 | 0.27 mi |
MAP
ADDITIONAL PHOTOS
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