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3058 W Irving Park Rd 1,500 SF of Retail Space Available in Chicago, IL 60618
Highlights
- Lizard’s Liquid Lounge high grossing, iconic brand has been in business for the last 18 years. www.lizardsliquidlounge.com
- There are approximately 1,500 square feet on the first floor with an additional 780 square feet in the basement for storage.
- The first-floor ceiling height is 11 feet with a bar-top that is 45 linear feet long.
- The corporately held, transferable Tavern license was originally issued 61 years ago in 1965.
- A large keg room is located on the first floor with a glycol refrigeration system that delivers ice-cold beer to 8 tap handles.
- Proof of funds is required prior to scheduling a showing.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Lizard’s Liquid Lounge high grossing, iconic brand has been in business for the last 18 years. The corporately held, transferable Tavern license was originally issued 61 years ago in 1965. There are approximately 1,500 square feet on the first floor with an additional 780 square feet in the basement for storage. The first-floor ceiling height is 11 feet with a bar-top that is 45 linear feet long. A large keg room is located on the first floor with a glycol refrigeration system that delivers ice-cold beer to 8 tap handles. A 5-year gross lease starting at $5,500 per month with three 5-year options. Proof of funds is required prior to scheduling a showing. Co-Op commission is 3%.
- Fully Built-Out as a Drinking Establishment
- Central Air and Heating
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 | 1,500 SF | Gross Leasable Area | 5,112 SF |
| Property Type | Retail | Year Built | 1896 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 5,112 SF |
| Year Built | 1896 |
About the Property
Located in the vibrant and rapidly growing Chicago neighborhood of Irving Park, this property offers a prime investment opportunity for Hospitality / Full Service investors. The area is known for its diverse dining options, popular nightlife scene, and proximity to iconic attractions such as Wrigley Field, the Lincoln Park Zoo, and the acclaimed Theater on the Lake. With its convenient access to public transportation, including the Blue Line and multiple bus routes, the location is ideal for attracting both locals and tourists. Investors will be drawn to the area's blend of historic charm and modern amenities, making it an exciting prospect for the hospitality industry.
Nearby Major Retailers
Contact the Leasing Agent
3058 W Irving Park Rd