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3254 N Lincoln Ave 4,000 SF of Retail Space Available in Chicago, IL 60657
Sublease Highlights
- Available retail space features over 22' of Lincoln Avenue frontage and strong building co-tenancy, including Aayu Clinics and School of Rock
- Beloved nearby local retailers include Brownbag Seafood Company, Frasca Pizzeria, Crosstown Fitness, Bitter Pops and Garfield's Beverage
- Dense residential population of ~90,000 people with affluent average household income of over $142,000 within a 1-mile radius
- Nearby national retailers include Whole Foods, Target, Starbucks, CorePower Yoga, and LA Fitness
- Located just one block north of the six-corner intersection of Lincoln, Belmont, & Ashland and easily accessible to the CTA Brown Line
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,000 SF | Negotiable | $33.00 /SF/YR $2.75 /SF/MO $132,000 /YR $11,000 /MO | Triple Net (NNN) |
1st Floor
4,000 SF 2nd generation retail space located in the heart of Lakeview on the ground floor of a 66-unit condominium building, featuring 5 dedicated on-site parking garage spaces
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
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 3254 N Lincoln Ave, Chicago, IL 60657
- Tenant
- Description
- US Locations
- Reach
- Aayu Clinics
- MD/DDS
- 1
- Local
- Alexian Brothers Medical Center
- Health Care
- 1
- -
- Paul Green School of Rock Music
- Other Services
- 770
- International
- School of Rock
- Other Services
- 770
- International
| Tenant | Description | US Locations | Reach |
| Aayu Clinics | MD/DDS | 1 | Local |
| Alexian Brothers Medical Center | Health Care | 1 | - |
| Paul Green School of Rock Music | Other Services | 770 | International |
| School of Rock | Other Services | 770 | International |
Property Facts
| Total Space Available | 4,000 SF | Gross Leasable Area | 13,500 SF |
| Property Type | Retail | Year Built/Renovated | 1972/1999 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 1.48/1,000 SF |
| Total Space Available | 4,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 13,500 SF |
| Year Built/Renovated | 1972/1999 |
| Parking Ratio | 1.48/1,000 SF |
About the Property
This offering features a 4,000 SF 2nd generation retail space on the ground floor of a 66-unit condominium building. The unit includes over 22' of Lincoln Avenue frontage and 5 dedicated on-site parking garage spaces. It is situated among strong co-tenants like School of Rock and Aayu Clinics, with national retailers such as Whole Foods, Target and LA Fitness nearby. The property is located in the heart of Lakeview, just one block north of the Lincoln, Belmont, and Ashland six-corner intersection. Lakeview is located in the city’s North Side bordered by West Diversey Parkway on the south, West Irving Park Road on the north, North Ravenswood Avenue on the west, and the shore of Lake Michigan on the east. The 2020 population of Lakeview was 103,050 residents, making it the second-largest Chicago community area by population.
Nearby Major Retailers
