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MCM Plaza 1500 N Damen Ave 1,987 - 8,108 SF of Retail Space Available in Chicago, IL 60622
HIGHLIGHTS
- Highly visible retail space with exceptionally wide frontage.
- Surface parking lot with 38 shared parking spaces for customers and tenants.
- Move in ready medical space ideal for tenant looking for second generation space.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,421 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 1,987 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 3,700 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1520 N Damen Ave - 1st Floor
Highly visible retail space in the heart of Chicago’s Wicker Park neighborhood. Exceptionally wide spaces with frontages that measures +/- 80’ for the 2,421 sf space.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Ample amount of parking.
1520 N Damen Ave - 1st Floor
Retail Space with Surface Parking Available. Exceptionally wide spaces with frontages.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Ample amount of parking.
1520 N Damen Ave - 1st Floor
- Fully Built-Out as Standard Retail 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 | 8,108 SF | Gross Leasable Area | 18,000 SF |
| Center Type | Strip Center | Total Land Area | 1.98 AC |
| Parking | 52 Spaces | Year Built | 1999 |
| Center Properties | 2 | Cross Streets | W Pierce Ave |
| Total Space Available | 8,108 SF |
| Center Type | Strip Center |
| Parking | 52 Spaces |
| Center Properties | 2 |
| Gross Leasable Area | 18,000 SF |
| Total Land Area | 1.98 AC |
| Year Built | 1999 |
| Cross Streets | W Pierce Ave |
ABOUT THE PROPERTY
Well-located center in the heart of Chicago's Wicker Park neighborhood. Just a short distance from the Damen CTA which has over 1 million annual rider is 2023. Surrounded by a dense and growing residential population steps away from one of Chicago's busiest intersections of North Ave., Damen Ave. and Milwaukee Ave.
- Banking
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
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MCM Plaza | 1500 N Damen Ave
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