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Former Bounce Sporting Club 324-326 W Chicago Ave 12,500 SF of Retail Space Available in Chicago, IL 60654
HIGHLIGHTS
- River North Location
- Rooftop Deck
- 2-Story Brick Building
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 | 12,500 SF | 14’ - 20’ | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $350,000 /YR $29,167 /MO | Triple Net (NNN) |
1st Floor
The corporation holds Tavern, Outdoor Pario, Retail Food, and Public Place of Amusement (PPA) licenses. A truly unique rooftop bar, and seating for over 60 guests with shaded pergola, bleacher seating and large booths for large or private gatherings. Second floor office can accommodate up to 6 workstations and is equipped with a residential kitchen and full bathroom along with a good deal of office equipment. Fully sprinklered, ADA compliant with an elevator.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Drinking Establishment
- Located in-line with other retail
- Central Air and Heating
- Security System
- High Ceilings
- Secure Storage
- Finished Ceilings: 14’ - 20’
- Basement
- Wheelchair Accessible
- Partially Equipped and Fully Licensed
- Licenses - Tavern, Beer Garden, PPA, Retail Food
- Glass Passenger Elevator
- Rooftop Beer Garden
- High Ceilings, Open Floor Plan
- Private Dining on Second Floor
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 FORMER BOUNCE SPORTING CLUB
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Bounce Sporting Club
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Bounce Sporting Club | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 12,500 SF | Gross Leasable Area | 12,500 SF |
| Property Type | Retail | Year Built | 1889 |
| Property Subtype | Bar |
| Total Space Available | 12,500 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 12,500 SF |
| Year Built | 1889 |
ABOUT THE PROPERTY
Two-story property and business located at 324 W Chicago Ave, located in the River North neighborhood of Chicago, one of the strongest and most desirable trade areas in the City. The freestanding building is just off the corner of Chicago Ave. and Orleans St. The sale includes the fully fixtured and licensed nightclub property, with a sprinkler system and an exposed glass nightclub property, with a sprinkler system and an exposed glass elevator and multiple staircases for customer and staff use. The former home of Bounce Sporting Club consists of 4 levels of legal occupancy, with 2 bars, dining and a dance floor or the main floor, a commercial kitchen and private lounge on the second floor, a gorgeous and unique rooftop bar and lounge with skyline views. The basement houses a coat check area, customer restrooms, and ample storage, including walk in coolers, and employee lockers.
- Restaurant
- Signage
- Skylights
- Wheelchair Accessible
- Roof Terrace
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
