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1301 S Wabash Ave 7,237 SF of Retail Space Available in Chicago, IL 60605
Highlights
- Prominent corner location with approximately 55 feet of frontage along Wabash Avenue.
- Surrounded by dense residential developments, universities, hotels, and cultural attractions.
- Flexible DX-7 zoning allows for a broad range of dining and lifestyle concepts.
- Fully equipped with existing restaurant infrastructure to expedite opening timelines.
- High pedestrian and destination foot traffic driven by the South Loop's vibrant mix of uses.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,237 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Phenomenal 2nd generation restaurant located at the corner of 13th Street and Wabash Avenue in the South Loop with ~55' of frontage of Wabash. Zoned DX-7. Large footprint ideal for flagship concept. High foot traffic in dense residential district, surrounded by luxury apartments, universities, hotels, and cultural attractions. Perfect for trendy dining + social concepts. Beautiful wood floors, exposed ceilings, and abundant natural light from french doors along 13th & Wabash.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Corner Space
- High Ceilings
- Exposed Ceiling
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 | 7,237 SF | Gross Leasable Area | 19,072 SF |
| Property Type | Retail | Year Built | 1937 |
| Total Space Available | 7,237 SF |
| Property Type | Retail |
| Gross Leasable Area | 19,072 SF |
| Year Built | 1937 |
About the Property
Longstanding, legacy restaurant space available in the South Loop. Once home to the transformative Opera restaurant and most recently Scout Tavern, establishments at this address become well-known fixtures throughout the entire city. This location benefits from the immediately surrounding and incredibly dense residential population, as well as the students and tourists that regularly frequent this area. The property features a beautiful, wide-open dining space and french doors along Wabash and 13th, hardwood floors, and dramatic exposed ceilings.
Nearby Major Retailers
