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2118 N Milwaukee Ave 2,160 - 4,320 SF of Retail Space Available in Chicago, IL 60647
HIGHLIGHTS
- Across from soon to be renovated Congress Theatre and New Tony's Fresh Market coming 2025
- Currently, the space is being vacated after more than four decades of Gillman Ace Hardware
- Space is Clear Span, free of columns or posts.
- The generous size of the building allows for it to be easily divided into two spaces of 2,125 square feet each.
- Highly desirable property in the heart of Chicago’s prestigious Bucktown/Palmer Square neighborhood.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,160-4,320 SF | 10’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
4,250 SF clear span space. Depending on the lease, landlord will supply "White Box". Space can also be divided into two 2,125 square foot spaces. Don’t miss out on this exceptional chance to join the dynamic Milwaukee Avenue Corridor
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- High Ceilings
- Finished Ceilings: 10’
- Two blocks to Western Ave Blue Line.
- Clear span space.
- Street Presence.
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 | 4,320 SF | Gross Leasable Area | 4,320 SF |
| Min. Divisible | 2,160 SF | Year Built | 1980 |
| Property Type | Retail | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Storefront |
| Total Space Available | 4,320 SF |
| Min. Divisible | 2,160 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,320 SF |
| Year Built | 1980 |
| Parking Ratio | 1.16/1,000 SF |
ABOUT THE PROPERTY
Located across the street from the Congress Theater. The Congress is now scheduled to be renovated. Also located across from the subject property will be a new Tony's Fresh Market slated to be constructed summer 2025. Subject property has 4,250 square feet of clear span space which can be divided to two 2,125 SF spaces. The space provides a great opportunity for businesses looking to set up shop in a thriving area. Previously Gillman Ace Hardware for more 40-Years In Business. Highly Visible Building with C2-1 zoning which allows for a multitude of uses Including ; Medical And Dental Offices, Restaurant, Daycare. Hair Salon, Veterinary Clinic, Dog Grooming And Sales, Tattoo Shop and many other retail uses as well as office space. Special plumbing requirements can be accommodated as the owner will be pouring new concrete floor. Free rent, tenant improvement allowance as well as stepped up rent will be considered. Flexible lease structure and free rent will be considered.
- Air Conditioning
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
2118 N Milwaukee Ave