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University Village 1252-1322 S Halsted St 7,439 SF of Retail Space Available in Chicago, IL 60607
HIGHLIGHTS
- This building provides easy access to I-90/94, I-290, I-55.
- University Village Maxwell St features a historic, brick-lined street with urban architecture and well-maintained landscaping.
- Located half a mile to CTA Blue Line train.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 34, 33, & 33a | 7,439 SF | 14’ | 5 Years | $25.00 /SF/YR $2.08 /SF/MO $185,975 /YR $15,498 /MO | Triple Net (NNN) |
1313-1315 S Halsted St - 1st Floor - Ste 34, 33, & 33a
Corner space that can be subdivided.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Space In Need of Renovation
- Central Air and Heating
- Finished Ceilings: 14’
- Shell corner space has great window frontage
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.
SITE PLAN
SELECT TENANTS AT UNIVERSITY VILLAGE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- 7-Eleven Inc
- Convenience Market
- 10,643
- International
- Bar Louie
- Restaurant
- 40
- National
- Great Clips
- Salon/Barber/Spa
- 6,156
- International
- Lalo's Mexican Restaurant
- Restaurant
- 9
- Local
- Starbucks
- Coffee
- 19,206
- International
- University Village Montessori
- Other Services
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| 7-Eleven Inc | Convenience Market | 10,643 | International |
| Bar Louie | Restaurant | 40 | National |
| Great Clips | Salon/Barber/Spa | 6,156 | International |
| Lalo's Mexican Restaurant | Restaurant | 9 | Local |
| Starbucks | Coffee | 19,206 | International |
| University Village Montessori | Other Services | 1 | Local |
PROPERTY FACTS
| Total Space Available | 7,439 SF | Frontage | |
| Center Type | Community Center | Gross Leasable Area | 188,272 SF |
| Parking | 1003 Spaces | Total Land Area | 7.07 AC |
| Stores | 250 | Year Built | 2003 |
| Center Properties | 28 |
| Total Space Available | 7,439 SF |
| Center Type | Community Center |
| Parking | 1003 Spaces |
| Stores | 250 |
| Center Properties | 28 |
| Frontage | |
| Gross Leasable Area | 188,272 SF |
| Total Land Area | 7.07 AC |
| Year Built | 2003 |
ABOUT THE PROPERTY
It is in proximity to the University of Illinois at Chicago, Illinois Medical District, and Central Business District. Surrounded by established neighborhoods including Little Italy, Greektown, Near West Side, Near South Side, Pilsen and Chinatown, University Village Maxwell Street enjoys excellent proximity to the new housing and retail developments which have rejuvenated the area. The location along Roosevelt Road and I-90/94, paired with its convenient on-site parking garage, University Village Maxwell Street provides easy vehicular access, while the area’s multiple CTA bus lines and Blue Line access ensures convenience to commuters that prefer public transportation.
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
