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4650 S Indiana Ave 1,700 - 8,700 SF of Space Available in Chicago, IL 60653
HIGHLIGHTS
- Open floorplan
- Newly Remodeled
- Natural Light
- Parking
- Great Visibility
- Many Transportation options
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,600 SF | 11’ | Negotiable | $26.52 CAD/SF/YR $2.21 CAD/SF/MO $68,958 CAD/YR $5,747 CAD/MO | Triple Net (NNN) | |
| 1st Floor | 4,400 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | |
| 2nd Floor | 1,700 SF | - | Negotiable | $25.82 CAD/SF/YR $2.15 CAD/SF/MO $43,902 CAD/YR $3,658 CAD/MO | Triple Net (NNN) |
1st Floor
2,600 SF space built out as a convenient store.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Convenience Store
- Can be combined with additional space(s) for up to 8,700 SF of adjacent space
- Finished Ceilings: 11’
1st Floor
4,400 renovated retail space.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Can be combined with additional space(s) for up to 8,700 SF of adjacent space
- Private Restrooms
2nd Floor
2nd floor office space.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Can be combined with additional space(s) for up to 8,700 SF of adjacent space
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 | 8,700 SF | Gross Leasable Area | 11,000 SF |
| Property Type | Retail | Year Built | 1948 |
| Property Subtype | Storefront | Parking Ratio | 2.82/1,000 SF |
| Total Space Available | 8,700 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 11,000 SF |
| Year Built | 1948 |
| Parking Ratio | 2.82/1,000 SF |
ABOUT THE PROPERTY
Welcome to a fantastic opportunity to lease or Buy a commercial retail space in the vibrant Bronzeville neighborhood of Chicago. This spacious 11,000 square foot retail building, located at 4650 S Indiana Ave, (For Sale/Lease) boasts 5 storefronts and is currently being remodeled to meet the modern standards of today's businesses (most work is already done). The property offers flexible leasing options, with the ability to divide the space as small as 1,200 square feet or as large as 6,200 square feet. There is ~1,700sqft private office space on the second floor with a brand new build. The zoning of B3-3 allows for a variety of uses. This retail space is perfectly situated for easy access to transportation options, including the CTA Green and Red Line, making it a convenient location for both customers and employees. The property also has multiple access points to the 90/94 interstate, making it easy for customers to reach your business from anywhere in the city. Onsite parking is available, making it easy for your customers to visit your store. The property's high traffic location and great visibility make it an ideal location for new and existing businesses alike. Bronzeville is a vibrant community that has undergone a significant revitalization in recent years, with many new businesses and developments opening in the area. The neighborhood is known for its rich cultural history, beautiful architecture, and a thriving business community. Located just minutes from the Loop, Bronzeville is also home to many popular tourist destinations, including the DuSable Museum of African American History and the Illinois Institute of Technology. The neighborhood is also famous for its annual Bud Billiken Parade, which attracts more than one million attendees every year. In addition to its rich cultural history, Bronzeville is also home to the Bronzeville Lakefront development, a massive redevelopment project that will bring new parks, retail spaces, and residential units to the area. This exciting new development will further enhance the neighborhood's already thriving business community, making it the perfect location for your business to grow and succeed. Don't miss out on this excellent opportunity to lease a prime retail space in one of Chicago's most vibrant neighborhoods. Contact us today to schedule a viewing and take the first step towards your new business location.
NEARBY MAJOR RETAILERS
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4650 S Indiana Ave
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