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103rd & Michigan Retail/Office 66 E 103rd St 8,406 SF of Retail Space Available in Chicago, IL 60628
HIGHLIGHTS
- 8406sf Inline Space
- Plenty of Parking +/- 51,000sf Site
- High Ceilings
- Co Tenants Chase Bank & AutoZone
- Traffic Light Intersection
- Pylon Signage
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 66 | 8,406 SF | 12’ | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $140,809 CAD/YR $11,734 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 66
8,406sf inline space.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- High Ceilings
- Drop Ceilings
- Finished Ceilings: 12’
- Display Window
- Wheelchair Accessible
- 8406sf Inline Space
- Ideal for Medical or Retail User
- Pylon Signage
- Busy Shopping & Business 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.
SELECT TENANTS AT 103RD & MICHIGAN RETAIL/OFFICE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Autozone
- Retailer
- -
- -
- Chase Bank
- Administrative and Support Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Autozone | Retailer | - | - |
| Chase Bank | Administrative and Support Services | - | - |
PROPERTY FACTS
| Total Space Available | 8,406 SF | Year Built/Renovated | 1989/2015 |
| Property Type | Retail | Parking Ratio | 4.4/1,000 SF |
| Property Subtype | Health Club | Cross Streets | Michigan |
| Gross Leasable Area | 18,225 SF |
| Total Space Available | 8,406 SF |
| Property Type | Retail |
| Property Subtype | Health Club |
| Gross Leasable Area | 18,225 SF |
| Year Built/Renovated | 1989/2015 |
| Parking Ratio | 4.4/1,000 SF |
| Cross Streets | Michigan |
ABOUT THE PROPERTY
8,406sf of inline space avaialble in this three tenant building. ideal location for large medical user or retailer. The site is located at the northwest corner of 103rd St & Michigan Ave in Chicago's Roseland Community. Walgreens and White Castle are on the opposite corners. The area is densely populated. Traffic counts at this intercsection are approximately 18,000 vehicles per day. High day time traffic and lots of foot traffic in this business and shopping district .Other retailers in the immediate area include Dollar Tree, Church's Chicken, Dunkin Donuts, the Grocery Basket and many Independent retail and service businesses.
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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103rd & Michigan Retail/Office | 66 E 103rd St
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