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1424 Lake St 850 SF of Flex Space Available in Evanston, IL 60201
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 850 SF | 3 Years | $30.00 /SF/YR $2.50 /SF/MO $25,500 /YR $2,125 /MO | Modified Gross |
1st Floor
An exceptional opportunity to create a neighborhood-serving coffee shop in a high-visibility, high-traffic location along Lake Street. Situated next to Cherry Preschool, steps from Penny Park, and just down the street from Dewey Elementary, this space is surrounded by daily foot traffic from families, caregivers, and local residents—an ideal foundation for a welcoming community gathering place. The space requires renovation, offering the incoming tenant a blank canvas to design a concept that truly fits the neighborhood. A conceptual rendering is available to help spark imagination and illustrate the potential for a warm, inviting café environment. Ownership is excited to partner with the right operator to bring a thoughtfully designed, community-oriented coffee shop to life—one that becomes part of the daily rhythm of the neighborhood.
- Listed rate may not include certain utilities, building services and property expenses
- Space In Need of Renovation
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 | 850 SF | Gross Leasable Area | 7,762 SF |
| Property Type | Retail | Year Built | 1915 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 850 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 7,762 SF |
| Year Built | 1915 |
About the Property
Prime Neighborhood Coffee Shop Opportunity – 1424 Lake St An exceptional opportunity to create a neighborhood-serving coffee shop in a high-visibility, high-traffic location along Lake Street. Situated next to Cherry Preschool, steps from Penny Park, and just down the street from Dewey Elementary, this space is surrounded by daily foot traffic from families, caregivers, and local residents—an ideal foundation for a welcoming community gathering place. The space requires renovation, offering the incoming tenant a blank canvas to design a concept that truly fits the neighborhood. A conceptual rendering is available to help spark imagination and illustrate the potential for a warm, inviting café environment. Ownership is excited to partner with the right operator to bring a thoughtfully designed, community-oriented coffee shop to life—one that becomes part of the daily rhythm of the neighborhood.
Nearby Major Retailers
Presented by
3AM Partners LLC
1424 Lake St
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