Your email has been sent.
1300-1308 W North Ave 3,230 SF of Retail Space Available in Chicago, IL 60642
HIGHLIGHTS
- Heavy vehicular traffic (33,200 vehicles per day) along North Avenue
- Gateway to proposed 28 acre Foundry Park community development
- Excellent signage opportunity
- Next to Home Depot
- Easy to access and locate, just east of I-90/94
- Strong incomes in surrounding area
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,230 SF | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $80,750 /YR $6,729 /MO | Triple Net (NNN) |
1st Floor
3,230 SF flagship retail space for lease on high traffic North Avenue (33,000 VPD).
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly visible corner retail space
- Excellent signage opportunity
- North Avenue sees 33K Vehicles Per Day!
- Direct access to I-90/94
- Across from Home Depot
- Gateway to the proposed Foundry Park development
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 | 3,230 SF | Gross Leasable Area | 12,500 SF |
| Property Type | Retail | Year Built | 1957 |
| Property Subtype | Storefront | Parking Ratio | 0.8/1,000 SF |
| Total Space Available | 3,230 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 12,500 SF |
| Year Built | 1957 |
| Parking Ratio | 0.8/1,000 SF |
ABOUT THE PROPERTY
Flagship retail building on high traffic North Avenue (33,200 vehicles per day). Excellent visibility and signage opportunity. Former Grand Appliance & TV location. Located next to Home Depot! Direct access to I-90/94. Easy to locate and access. Centrally located between Wicker Park, Clybourn Corridor and the proposed 28 acre Foundry Park development. Foundry Park community potentially to add 3,273 new residential units, 350,000 SF of office space, 435,000 SF of retail space, 250,000 SF of hospitality space and 12 acres of open space.
- Bus Line
- Corner Lot
- Signage
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Contact the Leasing Agent
1300-1308 W North Ave