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83rd and Stony Island Center 8240 S Stony Island Ave 5,000 - 13,100 SF of Retail Space Available in Chicago, IL 60617
HIGHLIGHTS
- Strong visibility along S Stony Island.
- Lighted intersection.
- Located within a busy retail corridor 75 parking spaces
- Strong retail corridor.
- Significant parking for employees and customers.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,000-13,100 SF | 5-10 Years | $11.00 /SF/YR $0.92 /SF/MO $144,100 /YR $12,008 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
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 83RD AND STONY ISLAND CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Family Dollar
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Family Dollar | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 13,100 SF | Gross Leasable Area | 23,500 SF |
| Min. Divisible | 5,000 SF | Year Built | 1960 |
| Property Type | Retail | Parking Ratio | 3.19/1,000 SF |
| Property Subtype |
| Total Space Available | 13,100 SF |
| Min. Divisible | 5,000 SF |
| Property Type | Retail |
| Property Subtype | |
| Gross Leasable Area | 23,500 SF |
| Year Built | 1960 |
| Parking Ratio | 3.19/1,000 SF |
ABOUT THE PROPERTY
83rd & Stony Island is a 23,500 square foot Free-standing building located in the densely populated Chicago neighborhood of Avalon Park. 83rd & Stony Island is located on a major thoroughfare, with great visibility and frontage at a 4-way, lighted intersection with traffic counts of 61,600 cars per day along S. Stony Island Avenue. Adjacent space to Family Dollar has 8,000-13,100 SF available for lease. Additional highlights include: -Located within a busy retail corridor -75 parking spaces. Ideal tenants include large retailers or medical users. Great for a national retailer with a mid-size footprint.
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
Contact the Leasing Agent
83rd and Stony Island Center | 8240 S Stony Island Ave