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Shops @ Fremont 1504 N Fremont St 4,134 SF of Retail Space Available in Chicago, IL 60642
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 4,134 SF | Negotiable | $41.88 CAD/SF/YR $3.49 CAD/SF/MO $173,122 CAD/YR $14,427 CAD/MO | Triple Net (NNN) |
1st Floor, Ste A
Second generation restaurant space on the corner of Fremont & Blackhawk in the dynamic North/Clybourn Corridor. 18’ clear ceilings, bow truss construction, corner visibility and upscale community with household incomes over $200k. Surrounded by major retailers such as Apple, Lululemon, Crate & Barrel, REI and Whole Foods within 2 blocks in each direction, the site is also two blocks from New City, the North/Clybourn CTA that handles approximately 1.78M riders annually and the recently extended Wild Mile on the Chicago River. In addition, several new residential developments have delivered next door including Foundry (324 Units), Post Chicago (126 units) and the under construction CityPads development delivering another 132 units. Many future projects are planned in the immediate area which will add to the vibrancy of this corridor: 1840 Marcey (590 apartments), 1565 N Clybourn (37 story apartment tower), Foundry Park (~2,800 units, hotel & offices) and the potential redevelopment of the 2 acre riverfront Carbit Paint site.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap 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 | 4,134 SF | Gross Leasable Area | 13,633 SF |
| Property Type | Retail | Year Built/Renovated | 1929/2019 |
| Property Subtype | Storefront |
| Total Space Available | 4,134 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 13,633 SF |
| Year Built/Renovated | 1929/2019 |
ABOUT THE PROPERTY
Second generation restaurant space on the corner of Fremont & Blackhawk in the dynamic North/Clybourn Corridor. 18’ clear ceilings, bow truss construction, corner visibility and upscale community with household incomes over $200k. Surrounded by major retailers such as Apple, Lululemon, Crate & Barrel, REI and Whole Foods within 2 blocks in each direction, the site is also two blocks from New City, the North/Clybourn CTA that handles approximately 1.78M riders annually and the recently extended Wild Mile on the Chicago River. In addition, several new residential developments have delivered next door including Foundry (324 Units), Post Chicago (126 units) and the under construction CityPads development delivering another 132 units. Many future projects are planned in the immediate area which will add to the vibrancy of this corridor: 1840 Marcey (590 apartments), 1565 N Clybourn (37 story apartment tower), Foundry Park (~2,800 units, hotel & offices) and the potential redevelopment of the 2 acre riverfront Carbit Paint site.
NEARBY MAJOR RETAILERS
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Shops @ Fremont | 1504 N Fremont St
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