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224 E 103rd St 2,250 SF of Retail Space Available in Chicago, IL 60628
HIGHLIGHTS
- 2nd Generation Restaurant
- Drive Thru
- Hood Ventilation & Walk-In Cooler & Freezer
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,250 SF | 5 Years | $37.69 CAD/SF/YR $3.14 CAD/SF/MO $84,802 CAD/YR $7,067 CAD/MO | Triple Net (NNN) |
1st Floor
2nd Generation Restaurant with Drive-Thru Available For Lease in Roseland Neighborhood of Chicago. Hood ventilation and Walk-In Cooler Infrastructure in Place. Includes Parking Lot For 24 Vehicles. Pylon Sign Provides Great Exposure With 133' of Frontage Along 103rd Street With Over 10,150 VPD and Significant Pedestrian Traffic. Easy Access to and from I-94 & I-57 and Public Transportation via Metra Rosemoor Station and CTA #103 Bus Route. Area Retailers Include Church's Chicken, Dollar Tree, Subway, Chase Bank, Family Dollar, White Castle, Walgreens & Autozone. RE Taxes $11.53 SF/Yr PROPERTY TO BE SOLD IN "AS-IS" CONDITION. TENANT IMPROVEMENT ALLOWANCE AND RENT ABATEMENT AVAILABLE TO QUALIFIED TENANTS.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Fast Food Restaurant
- Central Air and Heating
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 | 2,250 SF | Gross Leasable Area | 2,250 SF |
| Property Type | Retail | Year Built/Renovated | 1961/2018 |
| Property Subtype | Fast Food | Parking Ratio | 10.67/1,000 SF |
| Total Space Available | 2,250 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 2,250 SF |
| Year Built/Renovated | 1961/2018 |
| Parking Ratio | 10.67/1,000 SF |
ABOUT THE PROPERTY
2nd Generation Restaurant with Drive-Thru Available For Lease in Roseland Neighborhood of Chicago. Hood ventilation and Walk-In Cooler Infrastructure in Place. Includes Parking Lot For 24 Vehicles. Pylon Sign Provides Great Exposure With 133' of Frontage Along 103rd Street With Over 10,150 VPD and Significant Pedestrian Traffic. Easy Access to and from I-94 & I-57 and Public Transportation via Metra Rosemoor Station and CTA #103 Bus Route. Area Retailers Include Church's Chicken, Dollar Tree, Subway, Chase Bank, Family Dollar, White Castle, Walgreens & Autozone. PROPERTY TO BE SOLD IN "AS-IS" CONDITION. TENANT IMPROVEMENT ALLOWANCE AND RENT ABATEMENT AVAILABLE TO QUALIFIED TENANTS.
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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224 E 103rd St
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