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1520 N Damen Ave 1,997 - 5,699 SF of Retail Space Available in Chicago, IL 60622
Highlights
- Retail space features available and ideal existing conditions for restaurant, bar, cafe, fitness, beauty & service-based retail uses
- Unparalleled street exposure, visibility and accessibility; located across the street from one of Chicago's most visited parks, Wicker Park
- Strong property co-tenancy featuring Lou Malnati's, Midwest Express, USPS and Velour Nails with favorable C1-2 zoning
- Highly sought-after 2nd-generation restaurant space with in-place black iron, 3,702 SF on the ground floor, expansive 20’ ceilings
- 1-block from the Damen CTA Station, within walking distance to the 606 Trail and 1-block from Wicker Park’s infamous 6-Corners
- Dense residential population of 68,680 with strong average household income of over $207,208 within a 1-mile radius
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1520 | 3,702 SF | Negotiable | $70.00 /SF/YR $5.83 /SF/MO $259,140 /YR $21,595 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste B | 1,997 SF | Negotiable | $55.00 /SF/YR $4.58 /SF/MO $109,835 /YR $9,153 /MO | Triple Net (NNN) |
1st Floor, Ste 1520
Former Violet Hour space. Potential for additional storage/office space.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
1st Floor, Ste B
In-line retail space
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- On-Site Customer Parking
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 | 5,699 SF | Total Land Area | 0.99 AC |
| Property Type | Retail | Year Built | 1997 |
| Property Subtype | Freestanding | Parking Ratio | 2.5/1,000 SF |
| Gross Leasable Area | 15,193 SF |
| Total Space Available | 5,699 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 15,193 SF |
| Total Land Area | 0.99 AC |
| Year Built | 1997 |
| Parking Ratio | 2.5/1,000 SF |
About the Property
Premier retail spaces featuring a 3,702 SF second-generation restaurant space equipped with an existing black iron infrastructure and expansive 20' ceilings, along with an additional 1,997 SF flexible in-line retail space ideal for a variety of retail uses. The property provides on-site customer parking and possesses favorable C1-2 zoning. The spaces are positioned directly across from Wicker Park, steps from Wicker Park's 6-Corners Intersection, and just one block from the Damen CTA Station. The property is owned by an Illinois-licensed real estate broker.
- Signage
Nearby Major Retailers
