Your email has been sent.
STUDIO 424 1415 N Ashland Ave 777 - 4,077 SF of Retail Space Available in Chicago, IL 60622
HIGHLIGHTS
- Already has Certificate of occupancy for Live Theater Venue and or Event Space, Cafe or Bar.
- Built to Suit. No permits needed.
- There is no kitchen.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 777 SF | Negotiable | $26.44 CAD/SF/YR $2.20 CAD/SF/MO $20,544 CAD/YR $1,712 CAD/MO | Full Service | ||
| 1st Floor, Ste Rear | 1,800 SF | Negotiable | $26.44 CAD/SF/YR $2.20 CAD/SF/MO $47,593 CAD/YR $3,966 CAD/MO | Full Service | ||
| 1st Floor, Ste Store Front | 1,500 SF | Negotiable | $32.01 CAD/SF/YR $2.67 CAD/SF/MO $48,010 CAD/YR $4,001 CAD/MO | Full Service |
Basement
Basement Space former Recording Studio
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
1st Floor, Ste Rear
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
1st Floor, Ste Store Front
This is 1200 square feet of retail space. Owner is open to renting it privately or as a shared kiosk opportunity (Coffee Shop as an example).
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- 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 STUDIO 424
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Studio 424
- Real Estate
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Studio 424 | Real Estate | 1 | Local |
PROPERTY FACTS
| Total Space Available | 4,077 SF | Gross Leasable Area | 13,000 SF |
| Property Type | Retail | Year Built/Renovated | 1883/2018 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 4,077 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 13,000 SF |
| Year Built/Renovated | 1883/2018 |
ABOUT THE PROPERTY
This is a mixed use property. The second floor is a hostel operated by the owners and is currently building a 3rd floor in the next 90 days. The first floor is a 3000 square foot storefront with current use as a coworking space in the front space and a live theater venue on the first floor REAR space. Both spaces are connected by a cool secret speakeasy hidden door (Vintage Phonebooth's) ready for any bar concept and or PPA license (Public Place of Amusement). It can be rented all together or it can be divided. 1500 for the fron 1500 for the REAR and 1000 for the basement. All Together the entire space can rent for $6000 Storefront - $2500 Rear Event Space - $2500 per month Basement - $1500 All Together the entire space can rent for $6000
- 24 Hour Access
- Skylights
- Air Conditioning
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Presented by
STUDIO 424 | 1415 N Ashland Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.