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1146 W Randolph St 5,000 SF of Office/Retail Space Available in Chicago, IL 60607
HIGHLIGHTS
- Prime West Loop Randolph St., Free Standing, two levels, large open space, sandblasted exposed brick, heavy timber throughout.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,000 SF | 5-10 Years | $95.00 /SF/YR $7.92 /SF/MO $475,000 /YR $39,583 /MO | Triple Net (NNN) |
1st Floor
Located on one of the West Loop's premier retail street, home to some of Chicago's most celebrated restaurants. This prime Randolph St property has two levels with a total of 5000 sq. ft. available. User would need to take the 1st and 2nd floors, creating a premier two story retail space. Space has been stripped out and features sandblasted exposed brick and heavy timber. Great location for a restaurant, retail or event space. Conveniently located to public transportation just 2 blocks away. The space will need to be built out with MEP.
- Lease rate does not include utilities, property expenses or building services
- Fits 13 - 40 People
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 | 5,000 SF | Gross Leasable Area | 5,000 SF |
| Property Type | Retail | Year Built | 1921 |
| Property Subtype | Restaurant |
| Total Space Available | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,000 SF |
| Year Built | 1921 |
ABOUT THE PROPERTY
Located on one of the West Loop's premier retail streets. This prime retail location on Randolph Street has two levels with a total of 5000 sq ft available. The space has been gutted and sandblasted and has open interiors with 14 ft ceilings. Great location for a restaurant or retailer. Two blocks from Morgan "L" stop.
- Signage
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
