Your email has been sent.
3523 N Kedzie Ave 3523 N Kedzie Ave 4,000 SF of Retail Space Available in Chicago, IL 60618
Highlights
- Hard Corner 6 way intersection
- Potential for new Bar and Restaurant concepts
- Land Lease available
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 | $40.00 /SF/YR $3.33 /SF/MO $160,000 /YR $13,333 /MO | Triple Net (NNN) |
1st Floor
4,000 SF retail space available for lease.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Private Restrooms
- Corner Space
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 | 4,000 SF | Gross Leasable Area | 4,000 SF |
| Property Type | Retail | Year Built | 1970 |
| Property Subtype | Restaurant | Parking Ratio | 3.5/1,000 SF |
| Total Space Available | 4,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,000 SF |
| Year Built | 1970 |
| Parking Ratio | 3.5/1,000 SF |
About the Property
2nd generation restaurant on prime 6 way Corner location! This strategically located 4,000 sq. ft. property, includes a +/- 2,000 SF operational diner and a former +/- a 2,000 SF bar. This is a turnkey 2nd-generation restaurant space, complete with an open kitchen. All equipment is owned and transfers with the Lease. The restaurant seats 50+, with space for 10 at the counter, and is equipped with a 16-ft hood and an Ansul fire suppression system. The bar section has a classic 34 ft wood bar creating endless possibilities for a refreshed ambiance. The combined space has three (3) washrooms. This location offers so much versatility: reopen the bar, repurpose the space, or expand the restaurant to meet your needs. The parking lot accomodates 14-16 cars and there is a prominent pylon sign on the highly trafficked corner. C1-1 zoning allows for a variety of uses, and a 10-year lease is available for long-term security. IDOT traffic count is 29,300 vehicles that pass this corner every day. Don't miss this unparalleled opportunity to shape the future of this high-traffic location! This is ready to be rebranded to your unique vision. Immediate area business's include Jewel and Chase Bank (across the street), Chick-Fil-A, Home Depot, Floor and Decor, Target, Dunkin Donuts, Portillo's Hot Dog, Joong Boo Market, Honey Butter Fried Chicken and Parachute Restaurant, along with many others!
Nearby Major Retailers
Contact the Leasing Agent
3523 N Kedzie Ave | 3523 N Kedzie Ave