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1508-1512 E 53rd St 870 - 3,570 SF of Space Available in Chicago, IL 60615
HIGHLIGHTS
- Busy business corridor at Harper Court.
- Near to The University of Chicago with easy access to downtown and nearby residential districts.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 206 | 1,200 SF | 1-10 Years | $48.86 CAD/SF/YR $4.07 CAD/SF/MO $58,629 CAD/YR $4,886 CAD/MO | Modified Gross | ||
| 2nd Floor, Ste 210 | 870-2,370 SF | 3-10 Years | $48.86 CAD/SF/YR $4.07 CAD/SF/MO $115,792 CAD/YR $9,649 CAD/MO | Modified Gross |
2nd Floor, Ste 206
Co-tenants on second floor include a dental practice. Best suited for medical office. Only heat is included.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Medical Space
- Mostly Open Floor Plan Layout
- 1 Private Office
- 1 Conference Room
- 5 Workstations
- 4 Exam rooms
- 1 Lab
- 1 reception area
- 1 office
2nd Floor, Ste 210
Co-tenants on second floor include a medical office and dental practice. Best suited for standard office use or professional services. Heat and water are included. Can be combined with suite 208. Utilities included in rent. Tenant pays taxes.
- Listed rate may not include certain utilities, building services and property expenses
- Mostly Open Floor Plan Layout
- 1 Private Office
- 1 Conference Room
- Reception Area
- Kitchen
- Private Restrooms
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 | 3,570 SF | Property Subtype | Storefront |
| Min. Divisible | 870 SF | Gross Leasable Area | 18,530 SF |
| Property Type | Retail | Year Built/Renovated | 1920/2017 |
| Total Space Available | 3,570 SF |
| Min. Divisible | 870 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 18,530 SF |
| Year Built/Renovated | 1920/2017 |
ABOUT THE PROPERTY
Hyde Park offices in central business district at 53rd Street and Harper Ave. Adjacent to Harper Court, Hyatt Hotel and Hyde Park Theatre. Medical office with 4 exam rooms, lab, reception, bathroom. Dental suite with exam rooms and operatories. Also 870 sq feet and 1500 of general office space, space is adjacent and can be combined into 2370 Sq feet. This 2370 sq. ft. This space has Large windows overlooking 53rd Street, it is adjacent to Harper Ave and the new Harper Court. The. Space is great for general offices, law offices, title company, insurance, and real estate company. Rent includes heat and water. Great exposure to 53rd Street main business district from the 2nd floor large windows. Elevator entrance is at 1515 E. 52nd Place which is adjacent to Harper Court.
NEARBY MAJOR RETAILERS
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1508-1512 E 53rd St
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