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12,000 SF Build-to-Suit Opportunity 1554 W North Ave 6,000 - 12,000 SF of 4-Star Retail Space Available in Chicago, IL 60642
HIGHLIGHTS
- Highly Traveled Infill Location
- Superior Access to Major Roadways
- Excellent Visibility + Strong Demos
- New Build-To-Suit Offering
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Build-to-suit retail space available for lease.
- Can be combined with additional space(s) for up to 12,000 SF of adjacent space
- Build-to-suit retail space
2nd Floor
Build-to-suit retail space available for lease.
- Can be combined with additional space(s) for up to 12,000 SF of adjacent space
- Build-to-suit 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 | 12,000 SF | Gross Leasable Area | 12,000 SF |
| Property Type | Retail | Year Built | 2027 |
| Property Subtype | Freestanding | Construction Status | Proposed |
| Total Space Available | 12,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 12,000 SF |
| Year Built | 2027 |
| Construction Status | Proposed |
ABOUT THE PROPERTY
The subject property is located half a mile east of the famous “Six Corners” intersection of Milwaukee, Damen and North Avenues and positioned directly on the highly traveled intersection of North and Ashland Avenues. The Property is also less than half a mile from Wicker Park Commons, a 142,253 SF Lifestyle Center that is anchored by Jewel (Alberstons NYSE: ACI) and Lowe’s. With a population of ±260,000 residents within a 2-mile radius, the retail space will service a densely populated area within Chicago. The surrounding neighborhoods are some of Chicago’s most beloved and desired for homeowners and renters alike. The neighborhood has a strong demographic profile that includes an average household income of $170,000 within 1-mile of the subject property. The property was a former bank with a drive-thru. A newly formed landlord partnership now allows the property to be redeveloped into a larger build-to-suit opportunity to incorporate a second level of parking and a larger rentable square footage. The property is located in the popular neighborhood of Wicker Park and is centrally located on a signalized intersection of two major roadways with excellent visibility when traveling east/west along North Avenue and north/south on Ashland. The property is also conveniently located one block from the Kennedy Expressway (I-90/94) on/off ramps on North Avenue.
- Signalized Intersection
NEARBY MAJOR RETAILERS
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12,000 SF Build-to-Suit Opportunity | 1554 W North Ave
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