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321 S Jefferson St 3,700 SF of Retail Space Available in Chicago, IL 60661
HIGHLIGHTS
- Turnkey QSR with full commissary
- Zoning: DX-7 – ideal for restaurant, catering
- 2 Minutes from I-90/I-94 and I-290
- Size: 3,700 SF + 2,400 SF in the lower level
- Alderman William Conyway (34th Ward)
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 | 3,700 SF | 12’ - 13’ | 5-10 Years | $30.00 /SF/YR $2.50 /SF/MO $111,000 /YR $9,250 /MO | Triple Net (NNN) |
1st Floor
321 S Jefferson presents a turnkey opportunity for a seasoned operator or visionary concept to take over a fully built-out former restaurant and commisary space in the heart of Chicago’s West Loop. The property has undergone significant upgrades, including a 2018 full renovation and a newer roof. This 3,700 SF ground-floor commercial space was previously home to Baci Amore—an Italian concept that operated just prior to COVID. The space includes a functional 2,400 SF finished basement with a walk-in cooler, office, and prep kitchen—offered rent-free. A rear garage with loading access and a shared dock connects via 319 S Jefferson, creating flexibility for logistics, catering operations, or commissary support.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Heating System
- Plug & Play
- Finished Ceilings: 12’ - 13’
- Basement
- Size: 3,700 SF + 2,400 SF in the lower level
- Turnkey QSR with full commissary
- Zoning: DX-7 – ideal for restaurant, catering
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 321 S JEFFERSON ST, CHICAGO, IL 60661
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Health Forum
- Public Administration
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Health Forum | Public Administration | 1 | - |
PROPERTY FACTS
| Total Space Available | 3,700 SF | Gross Leasable Area | 14,800 SF |
| Property Type | Retail | Year Built/Renovated | 1924/2018 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.07/1,000 SF |
| Total Space Available | 3,700 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 14,800 SF |
| Year Built/Renovated | 1924/2018 |
| Parking Ratio | 0.07/1,000 SF |
ABOUT THE PROPERTY
321 S Jefferson presents a turnkey opportunity for a seasoned operator or visionary concept to take over a fully built-out former restaurant and commisary space in the heart of Chicago’s West Loop. The property has undergone significant upgrades, including a 2018 full renovation and a newer roof. This 3,700 SF ground-floor commercial space was previously home to Baci Amore—an Italian concept that operated just prior to COVID. The space includes a functional 2,400 SF finished basement with a walk-in cooler, office, and prep kitchen—offered rent-free. A rear garage with loading access and a shared dock connects via 319 S Jefferson, creating flexibility for logistics, catering operations, or commissary support.
- 24 Hour Access
- Bus Line
- Property Manager on Site
- Signage
- Tenant Controlled HVAC
- Recessed Lighting
- Air Conditioning
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
321 S Jefferson St