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1401 W Devon Ave 4,332 SF of Office/Retail Space Available in Chicago, IL 60660
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,332 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
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 | 4,332 SF | Gross Leasable Area | 7,900 SF |
| Property Type | Retail | Year Built | 2024 |
| Property Subtype | Restaurant | Parking Ratio | 1.27/1,000 SF |
| Total Space Available | 4,332 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,900 SF |
| Year Built | 2024 |
| Parking Ratio | 1.27/1,000 SF |
ABOUT THE PROPERTY
CRER is excited to offer a distinctive leasing opportunity in the dynamic intersection of Rogers Park and Edgewater. This 4,332 SF commercial space, positioned on the first floor of a new mixed-use development, comes from the renowned Vari Architects. Currently in shell condition, this expansive area presents a unique opportunity for customizing a business space to fit specific needs. Perfectly situated at a prominent hard corner near Loyola University, which is bustling with a student population of 12,000 undergraduates, the location ensures constant foot traffic and high visibility. The property’s B3-2 zoning allows for a versatile range of business types, from retail to dining to service-oriented establishments. Additionally, dedicated surface parking spots provide convenient access for both customers and business owners, making this an ideal spot for thriving enterprises seeking growth in a vibrant neighborhood.
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
1401 W Devon Ave