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1450 W Webster Ave 2,100 SF of Retail Space Available in Chicago, IL 60614
Highlights
- ±39' of frontage along West Webster Avenue providing excellent visibility and branding opportunity
- Strong surrounding demand drivers including Webster Place and the new Advocate Outpatient Center
- Easily accessible from across the city via major thoroughfares and public transportation
- Ability to add a significant outdoor dining component
- Proximity to DePaul University and dense surrounding residential neighborhoods
- Located within an established retail and dining corridor with strong daytime and evening traffic
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,100 SF | Negotiable | $54.18 CAD/SF/YR $4.51 CAD/SF/MO $113,775 CAD/YR $9,481 CAD/MO | Triple Net (NNN) |
1st Floor
Fully improved restaurant opportunity at 1450 W Webster Avenue in Chicago’s premier Lincoln Park trade area. Existing buildout includes a small bar, full commercial kitchen, and turnkey restaurant infrastructure. Fully improved basement with dedicated storage, refrigeration, prep, and dishwashing areas. Ideal opportunity for restaurant, café, or hospitality concepts seeking a turnkey urban location.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Plug & Play
- Newly renovated dining area.
- Great location in Bucktown neighborhood.
- Outdoor seating previously permitted.
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 | 2,100 SF | Gross Leasable Area | 2,100 SF |
| Property Type | Retail | Year Built | 1887 |
| Property Subtype | Restaurant | Parking Ratio | 0.48/1,000 SF |
| Total Space Available | 2,100 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,100 SF |
| Year Built | 1887 |
| Parking Ratio | 0.48/1,000 SF |
About the Property
Fully improved restaurant opportunity available at 1450 West Webster Avenue in the heart of Chicago’s thriving Lincoln Park trade area. The turnkey ground-floor space features an existing restaurant buildout including a small bar, full commercial kitchen, and a fully improved basement equipped for storage, refrigeration, prep, and dishwashing operations. The property offers ±39' of prime frontage along West Webster Avenue with the ability to incorporate a substantial outdoor dining component, creating exceptional street presence and customer visibility. The location benefits from strong surrounding demand drivers including Webster Place, the new Advocate Outpatient Center, and nearby DePaul University, while offering convenient access from across the city via nearby major thoroughfares and public transportation.
- Restaurant
- Signage
Nearby Major Retailers
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1450 W Webster Ave
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