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4138 N Sheridan Rd 900 - 1,920 SF of Retail Space Available in Chicago, IL 60613
HIGHLIGHTS
- 4,320 SF Ground Floor Commercial Condos For Lease or Sale
- Units may be purchased individually or as a whole
- Entire property available for sale
- Four individual units measuring ±1,020, 900, 900, and 1500 SF
- Existing income from three of the four units
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste C1 | 1,020 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $28,477 CAD/YR $2,373 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste C2 | 900 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $25,127 CAD/YR $2,094 CAD/MO | Triple Net (NNN) |
1st Floor, Ste C1
±1,020 SF End-Cap Space. Can be combined with adjacent space to total ±1,920 SF. Also available for sale.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
1st Floor, Ste C2
±900 SF space with existing salon infrastructure. Can be combined with adjacent space to total ±1,920 SF. Also available for sale.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
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 | 1,920 SF | Gross Leasable Area | 4,320 SF |
| Property Type | Retail | Year Built | 1890 |
| Property Subtype | Storefront |
| Total Space Available | 1,920 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,320 SF |
| Year Built | 1890 |
ABOUT THE PROPERTY
900-1,920 SF of ground-floor retail/commercial space available for lease in Chicago's Buena Park neighborhood. Two units measuring ±1,020 & 900 SF can be combined. The spaces sit on the ground floor of a 59-unit condo building fronting Sheridan Road and have great immediate area density, foot traffic, and street exposure. Offered for lease at $20/SF NNN. The entire ground floor commercial property of 4,320 SF is available for sale at $960,000 or as individual units.
NEARBY MAJOR RETAILERS
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4138 N Sheridan Rd
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