What Retail Space Rent & Type to Expect in Downers Grove, IL
In Downers Grove, the average cost per square foot of renting retail space comes up to $14.25, based on local retail spaces listed for lease on our website. This price can be influenced by several factors, such as location, retail space type, space size, and the structure or type of the lease.
The most popular lease type in Downers Grove is NNN, with 8 space(s) available for rent under such an agreement.
Most Common Type of Lease for Retail Listings in Downers Grove, IL
Data based on retail spaces listed for rent on PropertyShark.com.
Learn More About Retail Space Listings in Downers Grove, IL
There is a total of 422,054 square feet of retail space in Downers Grove.
This includes retail spaces ranging from 990 to 48,191 square feet.
Most retail spaces in Downers Grove are sized more than 5,000 sqft, with 18 retail listing(s) falling in this category.
Downers Grove is also home to 15 listing(s) in the 1,000 sqft to 2,500 sqft size range.
Retail Size Bucket
No. of Listings
more than 5,000 sqft
18
2,500 sqft to 5,000 sqft
12
1,000 sqft to 2,500 sqft
15
less than 1,000 sqft
1
Most retail spaces in Downers Grove fall within the Strip Retail category, of which you can find 13 space(s) listed locally.
On average, this type of commercial space offers 15,376 square feet.
Strip retail spaces target customers that intend to make a single stop for all their shopping needs. To that end, businesses that intend to rent a strip retail space can benefit greatly from filling a niche in a strip mall or complementing the other stores around them.
Downers Grove also hosts 1 Restaurant space(s), which have an average square footage of 1,482 square feet.
Restaurant retail space offers tenants all the amenities that such an establishment might need to prepare and serve food on the premises. That usually includes a seating area, separate kitchen and storage.
The third most popular type of retail space in the Downers Grove market is Freestanding, of which you’ll see 1 listing(s).
Freestanding spaces span 3,867 square feet on average.
Freestanding retail is a single-tenant retail space for entrepreneurs that want to stand out or have more room for personalization, showroom and storage. This type of retail can perfectly suit the needs of businesses like drive-through restaurants, being usually located next to a high-transit thoroughfare and featuring ample parking for customers.
Downers Grove, IL Retail for Lease Listings by Retail Use Type
- Strip Retail
13
- Restaurant
1
- Freestanding
1
Data based on retail spaces listed for rent on PropertyShark.com.
Where You Are Most Likely to Find Retail Space in Downers Grove, IL
Some neighborhoods become famed shopping destinations thanks to their long retail history. Other times, an area’s potential for shoppers is boosted by the opening of a large shopping mall, attracting more retail development to take advantage of the influx of shoppers.
Dunham Place is Downers Grove's most popular neighborhood for retail, currently home to 15 listing(s).
The most popular retail space type in Dunham Place is Strip Retail, of which you can currently find 13 listing(s).
Another popular area for retail space in Downers Grove is Fox Wood Estates, which currently offers 11 retail listing(s).
Prentiss Creek can also be counted among the best areas of Downers Grove for retail leasing opportunities. This Prentiss Creek submarket currently offers 9 retail listing(s).
Dunham Place
15
Fox Wood Estates
11
Prentiss Creek
9
Innisbrook
4
Grandview Estates
2