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Lake Park Plaza 47th 1,100 - 2,420 SF of Retail Space Available in Chicago, IL 60653
HIGHLIGHTS
- Close in proximity to the University of Chicago and the top -rated University of Chicago Medical Center
- Serves Hyde Park and Kenwood communities with 41,000 in one mile and an average income of $77,242.
- Direct access to Lake Shore Drive on 47th Street and Metra. 2022 AADT on 47th
- Anchored by Dunkin Donuts, Beggars Pizza, JJ Fish & Chicken
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste G | 1,320 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste I | 1,100 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1400 E 47th St - 1st Floor - Ste G
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
1400 E 47th St - 1st Floor - Ste I
TENTATIVE AVAILABILITY. The Lease currently terminates in June, 2026. The Tenant has the opportunity to extend its lease for 3 years, but has not yet done so.
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air and Heating
- 2ND GENERATION RESTAURANT
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 LAKE PARK PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Boost Mobile Authorized Retailer
- Wireless Communications
- 4,491
- International
- Charleys Philly Steaks
- Sub Sandwich
- 1,223
- International
- Dunkin'
- Donut Shop
- 11,793
- International
- Italian Fiesta Pizzeria
- Restaurant
- 1
- Local
- Spincycle Coin Laundry
- Laundry
- 1
- National
- T J Beauty Supply
- Health & Beauty Aids
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Boost Mobile Authorized Retailer | Wireless Communications | 4,491 | International |
| Charleys Philly Steaks | Sub Sandwich | 1,223 | International |
| Dunkin' | Donut Shop | 11,793 | International |
| Italian Fiesta Pizzeria | Restaurant | 1 | Local |
| Spincycle Coin Laundry | Laundry | 1 | National |
| T J Beauty Supply | Health & Beauty Aids | 1 | Local |
PROPERTY FACTS
ABOUT THE PROPERTY
Lake Park Plaza offers a prime retail opportunity in Chicago’s historic Kenwood neighborhood, adjacent to Hyde Park and minutes from the University of Chicago and its world-class medical center. This vibrant retail center benefits from direct access to Lake Shore Drive via 47th Street and proximity to Metra, ensuring strong connectivity for both commuters and local residents. The property serves a dense trade area of over 41,000 residents within a one-mile radius, boasting an average household income of $77,242 and annual spending exceeding $487,000. The center features a dynamic tenant mix including Dunkin Donuts, Beggars Pizza, and JJ Fish & Chicken, creating a strong draw for daily traffic. With 2022 traffic counts on 47th Street at 16,100 AADT, visibility and accessibility are unmatched. The surrounding Kenwood community is known for its architectural charm, cultural heritage, and notable residents, while Hyde Park continues to thrive as a hub for education, healthcare, and innovation. Nearby landmarks such as the Obama Presidential Center and Lake Michigan shoreline further enhance the appeal of this location. This is an ideal setting for retailers seeking a high-profile presence in a neighborhood that blends historic character with modern vibrancy. The property’s zoning (B3-3) supports a wide range of retail uses, making it a versatile choice for expanding brands.
- Pylon Sign
NEARBY MAJOR RETAILERS
Presented by
Lake Park Plaza | 47th
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