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Lincoln Park Restaurant Business FOR SALE 2200 N Halsted St 800 SF of Retail Space Available in Chicago, IL 60614
SUBLEASE HIGHLIGHTS
- ***ASKING $79K FOR THE EXISTING EQUIPMENT, LICENSES AND BUILD OUT
- Existing kitchen includes a 7ft hood with black iron, ansil system, three compartment sink, grease trap, mop sink, and employee bathroom in the rear
- 800 SF second gen restaurant, located on Webster, surrounded by dense residential buildings, heavy traffic and ideal for a new restaurant tenant
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 806 | 800 SF | Negotiable | $48.67 /SF/YR $4.06 /SF/MO $38,936 /YR $3,245 /MO | Modified Gross |
1st Floor, Ste 806
***ASKING $79K FOR THE EXISTING EQUIPMENT, LICENSES AND BUILD OUT. 800 SF second generation restaurant, located on Webster, just West of Halsted. Surrounded by dense residential buildings, heavy traffic and ideal for a new restaurant tenant. Front space features a recently renovated build out, large front windows, customer seating (8 tables/16 seats), sushi bar counter and single bathroom. Existing kitchen includes a 7ft hood with black iron, ansil system, three compartment sink, grease trap, mop sink, and employee bathroom in the rear. Built in audio in the dining area; No basement; Security system throughout (7 Cameras); 200 AMP electrical; Licenses include Incidental Liquor, Retail Food and Sidewalk Patio Licenses; Exterior Patio has three tables and seats 8, with the ability to reconfigure to add more; 0.4 Miles to the Fullerton Red/Brown/Purple Line Train Station, plus easy access to the Expressway, Lake Shore Drive, and multiple bus stops. Area tenants include: Halsted Dental, Bluemercury, Starbucks, Solidcore, Mid North Animal Hospital, Starbucks, Athenian Room, Glascott’s Saloon and much more!
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
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.
SELECT TENANTS AT LINCOLN PARK RESTAURANT BUSINESS FOR SALE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Halsted Street Dental
- Health Care and Social Assistance
- 1
- -
- Starbucks
- Coffee
- 19,206
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Halsted Street Dental | Health Care and Social Assistance | 1 | - |
| Starbucks | Coffee | 19,206 | International |
PROPERTY FACTS
| Total Space Available | 800 SF | Gross Leasable Area | 2,222 SF |
| Property Type | Retail | Year Built | 1891 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 2.25/1,000 SF |
| Total Space Available | 800 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,222 SF |
| Year Built | 1891 |
| Parking Ratio | 2.25/1,000 SF |
ABOUT THE PROPERTY
***ASKING $79K FOR THE EXISTING EQUIPMENT, LICENSES AND BUILD OUT. 800 SF second generation restaurant, located on Webster, just West of Halsted. Surrounded by dense residential buildings, heavy traffic and ideal for a new restaurant tenant. Front space features a recently renovated build out, large front windows, customer seating (8 tables/16 seats), sushi bar counter and single bathroom. Existing kitchen includes a 7ft hood with black iron, ansil system, three compartment sink, grease trap, mop sink, and employee bathroom in the rear. Built in audio in the dining area; No basement; Security system throughout (7 Cameras); 200 AMP electrical; Licenses include Incidental Liquor, Retail Food and Sidewalk Patio Licenses; Exterior Patio has three tables and seats 8, with the ability to reconfigure to add more; 0.4 Miles to the Fullerton Red/Brown/Purple Line Train Station, plus easy access to the Expressway, Lake Shore Drive, and multiple bus stops. Area tenants include: Halsted Dental, Bluemercury, Starbucks, Solidcore, Mid North Animal Hospital, Starbucks, Athenian Room, Glascott’s Saloon and much more!
- Signalized Intersection
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
Lincoln Park Restaurant Business FOR SALE | 2200 N Halsted St