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East Side Plaza 3454-3620 E 118th St 856 - 16,976 SF of Retail Space Available in Chicago, IL 60617
HIGHLIGHTS
- Grocery-anchored shopping center with Pete’s Fresh Market as the primary draw.
- Potential outlot pad available for freestanding retail or service use.
- Excellent on-site parking for customer convenience.
- Located between the East Side and Hegewisch neighborhoods, serving a dense residential population.
- Premier neighborhood shopping center with strong co-tenancy potential.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 12 | 7,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 8 | 856 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste Unit 3 | 9,120 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $136,800 /YR $11,400 /MO | Triple Net (NNN) |
3454-3620 E 118th St - 1st Floor - Ste 12
Pete's Fresh Market – Grocery Anchored Availability 3448 E. 118th St. at Avenue O, Chicago Small Shop Availability & Potential Outlot Pad
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Fast Food Restaurant
- Located in-line with other retail
- 153,500 SF . Shopping Center Anchored by Pete’s
- Premier neighborhood shopping center
- Excellent Parking
- Former Dollar General
3454-3620 E 118th St - 1st Floor - Ste 8
Pete's Fresh Market – Grocery Anchored Availability 3448 E. 118th St. at Avenue O, Chicago Small Shop Availability & Potential Outlot Pad
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Fast Food Restaurant
- Located in-line with other retail
- 153,500 SF . Shopping Center Anchored by Pete’s
- Premier neighborhood shopping center
- Excellent Parking
3454-3620 E 118th St - 1st Floor - Ste Unit 3
Pete's Fresh Market – Grocery Anchored Availability 3448 E. 118th St. at Avenue O, Chicago Small Shop Availability & Potential Outlot Pad
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- 153,500 SF . Shopping Center Anchored by Pete’s
- Potential outlot pad
- Premier neighborhood shopping center
- Excellent Parking
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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 16,976 SF | Frontage | |
| Center Type | Community Center | Gross Leasable Area | 156,018 SF |
| Parking | 848 Spaces | Total Land Area | 17.32 AC |
| Stores | 17 | Year Built | 1982 |
| Center Properties | 3 |
| Total Space Available | 16,976 SF |
| Center Type | Community Center |
| Parking | 848 Spaces |
| Stores | 17 |
| Center Properties | 3 |
| Frontage | |
| Gross Leasable Area | 156,018 SF |
| Total Land Area | 17.32 AC |
| Year Built | 1982 |
ABOUT THE PROPERTY
This premier neighborhood shopping center offers an exceptional leasing opportunity anchored by Pete’s Fresh Market, a well-established grocery destination that drives consistent foot traffic. Located at 3448 E. 118th Street at Avenue O in Chicago, the property serves as a central retail hub for the East Side and Hegewisch neighborhoods, providing strong visibility and accessibility for tenants. The center spans approximately 153,500 square feet and features a mix of small shop spaces ideal for a variety of retail, service, and dining concepts. A potential outlot pad offers additional flexibility for tenants seeking a freestanding presence. The site benefits from excellent parking accommodations, ensuring convenience for customers and employees alike. Strategically positioned near major thoroughfares, the property provides easy access to surrounding residential communities and regional traffic. Its location within a dense trade area and proximity to key amenities makes it an attractive choice for businesses looking to capitalize on a strong local customer base. This is an outstanding opportunity to join a thriving retail environment anchored by a leading grocery operator.
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
