Your email has been sent.
1954 W Chicago Ave 6,200 SF of Retail Space Available in Chicago, IL 60622
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,200 SF | Negotiable | $19.00 /SF/YR $1.58 /SF/MO $117,800 /YR $9,817 /MO | Triple Net (NNN) |
1st Floor
Full building but willing to split first floor from second floor. Made 100% of concrete this building will hold a tank, elevator shaft in place and already set for a restaurant and bar concept with a roof top patio. can be many types of retail. Large 2 car garage in the rear, tall ceilings and big windows to the street. Building is also for sale. TI available for the right user and concept.
- 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 | 6,200 SF | Gross Leasable Area | 6,200 SF |
| Property Type | Retail | Year Built/Renovated | 1921/2010 |
| Property Subtype | Bar | Parking Ratio | 0.49/1,000 SF |
| Total Space Available | 6,200 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 6,200 SF |
| Year Built/Renovated | 1921/2010 |
| Parking Ratio | 0.49/1,000 SF |
ABOUT THE PROPERTY
Prime Commercial Opportunity in West Town! Unlock the potential of this 6,300 sq. ft. property, offering 3,100 sq. ft. per floor, plus roof access-perfect for a roof deck or additional dining. Built entirely with concrete and flex core, this space boasts high ceilings, an elevator, a large garage, and a blank slate ready for a tenant or owner to create a standout retail or restaurant space. Originally designed for an upscale restaurant, it features precast plumbing for bathrooms and kitchen, streamlining the build-out process. Located in the heart of Chicago Ave and West Town, this property is surrounded by top-tier tenants including Mariano's, McDonald's, Cleo's, West Town Bakery, Forbidden Root, Brasero, and more. With easy access to bus and Divvy stations and the Kennedy Expressway, it offers unbeatable convenience. Available for lease or purchase, this is a rare chance to secure a versatile, high-visibility location in one of Chicago's most popular neighborhoods. TI packages available for right tenant / building will be sold as vanilla box.
- Bus Line
NEARBY MAJOR RETAILERS
