Office Space For Lease @ 505 E North Ave

The subject property is a 70,000 square foot flex and office building located directly on North Avenue in Carol Stream. The property has two tenants occupying 20,000 square feet and the owner is providing a three year master lease for the two tenants and an additional 10,000 square feet of available space for a total of 30,000 square feet. Additionally, there is one 40,000 square foot vacancy on the first floor which is divisible to 5,000 square feet and a 10,000 square feet on the second level also vacant. The property is located in DuPage County providing for relatively low real estate taxes as compared to surrounding counties.

The property is very well located directly on North Avenue just west of the lighted intersection of Schmale Road and North Avenue. The property has five access points to both North Avenue and Schmale Road. There is an alley that runs along the side of the building with access to North Avenue and Schmale Road, a rear road accessing Schmale Road and two drives accessing North Avenue. There is abundant parking with a ratio of over 5 spaces per 1,000 square feet of rentable area, and the parking is easily accessible from the building entrances.

The current first floor vacancy of 40,000 square feet was most recently the Village of Carol Stream offices. There is a full office build out including high ceilings, multiple restrooms, built out offices, open space for cubicle or open work space and abundant storage area. The second-floor vacancy is 10,000 square feet with high ceilings and recently constructed men and women’s multi-stalled restrooms with high-end finishes. The space is ready to be built out for an office space or ideal for additional storage. The second floor is accessible by two stairwells. There is also a plan showing the proposed location for an elevator, should a new owner decide to add. This space offers accomodations for: office building.