Your email has been sent.
Restaurant with Patio 2500 N Ashland Ave 2,000 SF of Retail Space Available in Chicago, IL 60614
HIGHLIGHTS
- High vehicle traffic
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | 3-10 Years | $52.40 CAD/SF/YR $4.37 CAD/SF/MO $104,799 CAD/YR $8,733 CAD/MO | Plus All Utilities |
1st Floor
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as a Restaurant or Café Space
- Space In Need of Renovation
- Central Air and Heating
- Private Restrooms
- High Ceilings
- Plug & Play
- Basement
- Hardwood Floors
- Smoke Detector
- Patio
- Sidewalk Cafe
- Walk In Beverage Cooler
- Signage
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 | 2,000 SF | Gross Leasable Area | 6,400 SF |
| Property Type | Retail | Year Built | 1912 |
| Property Subtype | Restaurant | Parking Ratio | 0.16/1,000 SF |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,400 SF |
| Year Built | 1912 |
| Parking Ratio | 0.16/1,000 SF |
ABOUT THE PROPERTY
Fabulous Restaurant Opportunity situated in the upscale iconic neighborhood of Lincoln Park Chicago. Located ON THE CORNER of Ashland & Altgeld, 2500 N Ashland Ave offers unbeatable brand exposure to over 40,000 passing vehicles daily. Lincoln Park neighborhood is home to a population which has the highest median income in Chicago. The space comes turnkey with no upfront key money, no significant buildout required and eligible for a liquor license + sidewalk café. Equipped with a 10 foot black iron hood (opportunity to expand and update black iron) and extra large walk in cooler in the basement below the bar area (perfect to store kegs for beer tap). 2500 N Ashland Ave is an irreplaceable space in the heart of one of Chicago’s most iconic neighborhoods. Whether you are starting from scratch or opening additional locations, you’re not going to want to miss seeing this space. It has all the right foundations for a successful concept!
- Restaurant
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Coordinate Properties
Restaurant with Patio | 2500 N Ashland Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.