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844 W Montrose Ave 2,700 SF of Retail Space Available in Chicago, IL 60613
Highlights
- Co-Op commission: 3% on sale; Co-Op lease commission: 2.5% for initial 5-year term.
- Utilities: Tenant is responsible for electric and gas used. Tenant is responsible for 15% of the property’s water bill.
- Escalations: 3% annual escalations, including all Renewal Option Periods.
- Scavenger: Tenant is responsible for refuse disposal for the commercial premise.
- Lease Expiration Date: 5 years from Possession Date.
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
For the last 15 years, The Reservoir has been an immaculately-appointed, high-grossing, family owned & operated, hospitality business. The Incidental Liquor & Retail Food licenses; plus, the Sidewalk Cafe’ Permit are corporately held and transferable. The total interior square footage is approximately 2,700 SF. The bar/dining area is 23.5’ X 60.5’ with a 12.5-foot ceiling; the solid wood, bar-top is 36 linear feet long. The kitchen area is 21’ X 60.5’ feet with an 8-foot ceiling. The 7’ X 5’ keg room is located on the first floor with a glycol refrigeration system that delivers ice-cold beer to 16 tap handles. The food walk-in cooler is 8’ X 5.5’. A 5-year gross lease starting at $6,500 per month with three 5-year options. https://www.reservoirchicago.com/ Proof of funds is required prior to scheduling a showing. Do not disturb the business and its employees. Co-Op commission: 3% on sale; Co-Op lease commission: 2.5% for initial 5-year term.
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Located in-line with other retail
- Central Air and Heating
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 2,700 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | Full Build-Out | 30 Days |
1st Floor
| Size |
| 2,700 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 2,700 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | 30 Days |
For the last 15 years, The Reservoir has been an immaculately-appointed, high-grossing, family owned & operated, hospitality business. The Incidental Liquor & Retail Food licenses; plus, the Sidewalk Cafe’ Permit are corporately held and transferable. The total interior square footage is approximately 2,700 SF. The bar/dining area is 23.5’ X 60.5’ with a 12.5-foot ceiling; the solid wood, bar-top is 36 linear feet long. The kitchen area is 21’ X 60.5’ feet with an 8-foot ceiling. The 7’ X 5’ keg room is located on the first floor with a glycol refrigeration system that delivers ice-cold beer to 16 tap handles. The food walk-in cooler is 8’ X 5.5’. A 5-year gross lease starting at $6,500 per month with three 5-year options. https://www.reservoirchicago.com/ Proof of funds is required prior to scheduling a showing. Do not disturb the business and its employees. Co-Op commission: 3% on sale; Co-Op lease commission: 2.5% for initial 5-year term.
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
Property Facts
| Total Space Available | 2,700 SF | Apartment Style | Mid-Rise |
| No. Units | 48 | Building Size | 34,170 SF |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment |
| Total Space Available | 2,700 SF |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 34,170 SF |
| Year Built | 1930 |
About the Property
Discover the vibrant surroundings of this prime Chicago location, offering an eclectic mix of dining, entertainment, and cultural experiences. Situated in the heart of the lively neighborhood of Uptown, the area is known for its historic architecture, bustling streets, and the iconic music venue, The Riviera Theatre. With a plethora of trendy restaurants, boutique shops, and charming cafes just steps away, tenants can easily attract visitors seeking an authentic Windy City experience. Additionally, the nearby Montrose Beach and beautiful lakefront provide a picturesque escape, while convenient public transportation options ensure seamless accessibility for guests. This dynamic neighborhood sets the stage for an exceptional hospitality or full-service business venture.
Nearby Major Retailers
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844 W Montrose Ave
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