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Chatham Ridge Shopping Center 100-275 W 87th St 1,800 - 15,647 SF of Retail Space Available in Chicago, IL 60620
HIGHLIGHTS
- New & Expanding Co-Tenants: Five Below (Now Open), Raising Canes (Coming Soon), Foot Locker (Doubled in Size), & Biolife (Recently Opened)
- Solid Grocery Anchor: Top performing Food 4 Less grocery store (owned by Kroger)providing daily drawing power to the property
- Irreplaceable Location: Adjacent to the highly trafficked Dan Ryan Expressway (I-94) which sees over 230,000 VPD
- Infill Demographic Profile: Over 250,000 people in a 3 mile radius and a daytime population of over 220,000
- Exceptional Visitor Count: Top ten most visited center in Chicago (source Alpa Maps)
- Premier Visibility: Last junior box space left @ main entrance offering tremendous signage exposure
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,000-13,847 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 12 | 1,800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
112 W 87th St - 1st Floor
Join new tenants Five Below (Now Open), Biolife Plasma (Now Open), & Recently Expanded Foot Locker (Doubled in Size). The subject space is in a prime position in between Five Below and Foot Locker. It's a prominent location that fronts the main stoplight entrance into the shopping center providing tremendous visibility. Foot Locker's newly designed store is their latest community driven store format. Other long standing and successful co-tenants include Dollar Tree, City Sports, and DTLR.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Join new & expanding national brands
- Anchored by top performing Food 4 Less
- Prominent position at main drive aisle entrance
- Busy 87th & Dan Ryan location
- Highly visible signage
- Top center in the market.
120 W 87th St - 1st Floor - Ste 12
Prominent and rare end cap, outlot space now available in busy Chatham Ridge shopping center. Current build out is financial services. Mostly open layout. Join the new Five Below (Now Open) and the new/improved Foot Locker which recently doubled in size, and Biolife Plasma's brand-new state of the art facility.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Financial Services Office
- Highly Desirable End Cap Space
- Central Air and Heating
- Rare End Cap W/ Prominent Exposure
- Outlot Building on 87th
- Dominant Grocery Anchored Center In The Market
- Join New & Expanding National Brands
- Dense Urban Trade Area
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.
SELECT TENANTS AT CHATHAM RIDGE SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- City Sports
- Sporting Goods
- 17
- Regional
- Dollar Tree
- Dollar/Variety/Thrift
- 10,426
- International
- DTLR | VILLA
- Shoes
- 493
- National
- Food 4 Less
- Supermarket
- 138
- National
- Starbucks
- Coffee
- 19,206
- International
- U.S. Renal Care
- Health Care
- 348
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| City Sports | Sporting Goods | 17 | Regional |
| Dollar Tree | Dollar/Variety/Thrift | 10,426 | International |
| DTLR | VILLA | Shoes | 493 | National |
| Food 4 Less | Supermarket | 138 | National |
| Starbucks | Coffee | 19,206 | International |
| U.S. Renal Care | Health Care | 348 | National |
PROPERTY FACTS
| Total Space Available | 15,647 SF | Frontage | 87th |
| Min. Divisible | 1,800 SF | Gross Leasable Area | 175,991 SF |
| Center Type | Community Center | Total Land Area | 24.30 AC |
| Parking | 715 Spaces | Year Built | 1989 |
| Stores | 30 | Cross Streets | Lafayette Ave S |
| Center Properties | 6 |
| Total Space Available | 15,647 SF |
| Min. Divisible | 1,800 SF |
| Center Type | Community Center |
| Parking | 715 Spaces |
| Stores | 30 |
| Center Properties | 6 |
| Frontage | 87th |
| Gross Leasable Area | 175,991 SF |
| Total Land Area | 24.30 AC |
| Year Built | 1989 |
| Cross Streets | Lafayette Ave S |
ABOUT THE PROPERTY
Constructed in 1989-1990, Chatham Ridge features approx. 176,000 sf of retail space and is located on approx. 13.60 acres. The property features the inline shopping center currently anchored by Food 4 Less and Marshalls, three multi tenant outlot buildings, and two single tenant outlots. The subject property offers unparalleled vehicular traffic with combined traffic counts of nearly 260,000 VPD at the corner of the Dan Ryan Expressway (1-94) and 87th Street. The site provides four points of access: two along 87th Street and two along Lafayette Avenue (frontage road to I-94). Parking ratio of 3.6 spaces per 1,000 sf of GLA.
- Banking
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
