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Medical Unit Broadway 4130 N Broadway St 3,280 SF of Medical Space Available in Chicago, IL 60613
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,280 SF | Negotiable | $23.19 CAD/SF/YR $1.93 CAD/SF/MO $76,070 CAD/YR $6,339 CAD/MO | Triple Net (NNN) |
1st Floor
Prime medical/office/retail space available for lease in a well-located Chicago property. The space is ideal for medical users, professional office tenants, or neighborhood retail, with a flexible layout that can accommodate a variety of uses. Lease Structure (NNN): Base Rent: $4,500/month Real Estate Taxes: $1,272/month Insurance (27.4% share): $177.60/month Water: Tenant pays 27.4% of total building water bill (variable, based on usage) Estimated Fixed Monthly Expenses (excluding water): $5,949.60/month Water is separately allocated and billed based on the tenant’s proportional share, making it a variable expense depending on usage. The property offers strong visibility and accessibility, making it a great fit for medical practices, clinics, or professional service providers seeking a stable and well-positioned location with on-site parking.
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
- Laboratory
- Reception Area
- Central Air and Heating
- Private Restrooms
- Emergency Lighting
- Wheelchair Accessible
- Commercial District
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 | 3,280 SF | Gross Leasable Area | 95,689 SF |
| Property Type | Retail | Year Built | 1987 |
| Property Subtype | Storefront |
| Total Space Available | 3,280 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 95,689 SF |
| Year Built | 1987 |
About the Property
Well-located commercial property offering a versatile medical, office, or retail space in Chicago. The property provides strong accessibility and is suitable for a variety of users including medical practices, clinics, professional offices, and service-oriented businesses. The available space features a flexible layout that can accommodate different buildouts and operational needs, making it ideal for both established operators and growing businesses. The property is offered on a NNN lease structure, with expenses allocated as follows: real estate taxes of $1,272/month, insurance at 27.4% of the total building cost ($177.60/month), and water billed separately at 27.4% of the total building usage (variable). Base rent is $4,500/month, bringing the estimated fixed monthly total to $5,949.60, excluding water. This is an excellent opportunity for tenants seeking a well-positioned space with predictable expenses and flexibility in use.
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Medical Unit Broadway | 4130 N Broadway St
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