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Rarely Available Lincoln Park Bar/Restaurant 1970 N Lincoln Ave 4,910 - 10,075 SF of Retail Space Available in Chicago, IL 60614
HIGHLIGHTS
- Located at the crossroads of Lincoln Park nightlife and the Old Town Wells Strip, on the hard corner of Lincoln/Sedgwick/Armitage
- Lower level features 5165 SF, full bar w/ updated finishes, newer booth seating, separate entrances and tons of dining space
- First level features 4910 SF, large bar in the front w/ 8 seats, plenty of dining in the front and a separate, rear dining room for parties/events
- Great visibility w/ 80’ of frontage on both, Lincoln and Sedgwick; exterior signage available on both sides of the building
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level | 5,165 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $180,248 CAD/YR $15,021 CAD/MO | Triple Net (NNN) | ||
| 1st Floor | 4,910 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $171,349 CAD/YR $14,279 CAD/MO | Triple Net (NNN) |
Lower Level
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 10,075 SF of adjacent space
1st Floor
Located at the crossroads of Lincoln Park nightlife and the Old Town Wells Strip, on the hard corner of Lincoln/Sedgwick/Armitage, with amazing visibility. Catch all the traffic from the Beach, Lincoln Park Zoo and Park West Theatre (1000 ppl). Former location of Stanleys Bar & Grille, which occupied the space for 25+ years. Great visibility w/ 80’ of frontage on both, Lincoln and Sedgwick; exterior signage available on both sides of the building. First level features 4910 SF, high profile entrance at the corner, large bar in the front w/ 8 seats, room for 15+ tables in the front and a separate, rear dining room for parties, events or more sit down seating. Full Kitchen w/ 20’ hood, tons of remaining equipment and perfectly situated office for the next user. First level has two ADA bathrooms with multiple stalls and sinks in each. Lower level features 5165 SF, full bar w/ updated finishes, newer booth seating, separate entrances and tons of dining space. Full kitchen w/ existing pizza oven, dishwashing area, another office, multiple walk in coolers and tons of storage. Lower level has two, single ADA bathrooms and employee bathroom. 0.6 Miles to the Sedgewick Brown/Purple CTA Train Station, easy access to the Lake Shore Drive, multiple bus stops and Divvy stations. Area tenants include: Lincoln Park Zoo, Park West Theatre, RJ Grunts, Ranalli’s Lincoln Park, Evette’s Lincoln Park, River Shannon, CVS, Lincoln Park Dental Specialists, Gemini Bistro and much, much more. Alderman – Michele Smith / 43rd Ward; Zoning – B1-2; Lease Type – NNN;
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Can be combined with additional space(s) for up to 10,075 SF of adjacent 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 | 10,075 SF | Gross Leasable Area | 23,450 SF |
| Property Type | Retail | Year Built | 1904 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 10,075 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 23,450 SF |
| Year Built | 1904 |
ABOUT THE PROPERTY
Located at the crossroads of Lincoln Park nightlife and the Old Town Wells Strip, on the hard corner of Lincoln/Sedgwick/Armitage, with amazing visibility. Catch all the traffic from the Beach, Lincoln Park Zoo and Park West Theatre (1000 ppl). Former location of Stanleys Bar & Grille, which occupied the space for 25+ years. Great visibility w/ 80’ of frontage on both, Lincoln and Sedgwick; exterior signage available on both sides of the building. First level features 4910 SF, high profile entrance at the corner, large bar in the front w/ 8 seats, room for 15+ tables in the front and a separate, rear dining room for parties, events or more sit down seating. Full Kitchen w/ 20’ hood, tons of remaining equipment and perfectly situated office for the next user. First level has two ADA bathrooms with multiple stalls and sinks in each. Lower level features 5165 SF, full bar w/ updated finishes, newer booth seating, separate entrances and tons of dining space. Full kitchen w/ existing pizza oven, dishwashing area, another office, multiple walk in coolers and tons of storage. Lower level has two, single ADA bathrooms and employee bathroom. 0.6 Miles to the Sedgewick Brown/Purple CTA Train Station, easy access to the Lake Shore Drive, multiple bus stops and Divvy stations. Area tenants include: Lincoln Park Zoo, Park West Theatre, RJ Grunts, Ranalli’s Lincoln Park, Evette’s Lincoln Park, River Shannon, CVS, Lincoln Park Dental Specialists, Gemini Bistro and much, much more. Alderman – Michele Smith / 43rd Ward; Zoning – B1-2; Lease Type – NNN;
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Rarely Available Lincoln Park Bar/Restaurant | 1970 N Lincoln Ave
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