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2859 W Cermak 1,400 SF of Retail Space Available in Chicago, IL 60623
HIGHLIGHTS
- Incredible visibility and signage | Turnkey restaurant opportunity
- Ability for 1-2 parking spaces / Patio in the rear | Flexible B3-2 zoning
- Good national, regional and local co-tenancy in the immediate area
- Loading zone for temporary parking in front of the space
- Densely populated area with strong local customer base
- Existing kitchen equipment may be available as a part of a separate or negotiated package
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Restaurant | 1,400 SF | Negotiable | $35.89 CAD/SF/YR $2.99 CAD/SF/MO $50,245 CAD/YR $4,187 CAD/MO | Triple Net (NNN) |
1st Floor, Ste Restaurant
$3,000.00 per month (NNN)
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Incredible visibility and signage
- Turnkey restaurant
- Flexible B3-2 zoning
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.
SELECT TENANTS AT 2859 W CERMAK, CHICAGO, IL 60623
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Pizza Tango
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Pizza Tango | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,400 SF | Gross Leasable Area | 2,143 SF |
| Property Type | Retail | Year Built | 1884 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,143 SF |
| Year Built | 1884 |
ABOUT THE PROPERTY
SVN Chicago Commercial is pleased to offer 2859 W. Cermak Rd. FOR LEASE. The subject property is a 1,400 square foot turnkey restaurant space located in Chicago’s vibrant Little Village neighborhood. Positioned along busy Cermak Road, the site benefits from excellent visibility, strong pedestrian activity, and over 28,000 vehicles per day. The property also offers the potential for 1–2 parking spaces or a patio in the rear, providing valuable flexibility for future operators. SVN Chicago Commercial is pleased to offer 2859 W. Cermak Rd. FOR LEASE. The subject property is a 1,400 square foot turnkey restaurant space located in Chicago’s vibrant Little Village neighborhood. Positioned along busy Cermak Road, the site benefits from excellent visibility, strong pedestrian activity, and over 28,000 vehicles per day. The property also offers the potential for 1–2 parking spaces or a patio in the rear, providing valuable flexibility for future operators. Existing kitchen equipment also available, terms negotiable.
NEARBY MAJOR RETAILERS
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2859 W Cermak
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