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737-739 N La Salle Dr 10,992 SF of Retail Space Available in Chicago, IL 60654
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,992 SF | Negotiable | $48.39 CAD/SF/YR $4.03 CAD/SF/MO $531,875 CAD/YR $44,323 CAD/MO | Triple Net (NNN) |
1st Floor
Multi-Level restaurant/Bar space for lease. 15,400 sq ft of total space over 3 floors plus lower level. Zoned DX-7. Fully Sprinklered building and new elevator being installed. approx. 3850 sq ft per floor. Main floor has full bar, kitchen with black iron and prep and dining room as well as 2 multi-stall bathrooms. Lower level has small bar, storage, office, bathroom as well as utility rooms. 2nd floor has another bar, dining area and bathrooms as well as a second kitchen with black iron. Allowing this to be a great floor for private dining, events etc. 3rd floor currently set as storage and office but could be made into dining or event space. 800 amp 3 phase electric. Tons of potential in this space that housed Cafe Iberico for over 30 years. Amazing location in the heart of River North with endless vehicular traffic and neighborhood density. Close to train and highway with bus stops just outside the space.
- Lease rate does not include utilities, property expenses or building services
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 | 10,992 SF | Gross Leasable Area | 14,656 SF |
| Property Type | Retail | Year Built/Renovated | 1930/1974 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.41/1,000 SF |
| Total Space Available | 10,992 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 14,656 SF |
| Year Built/Renovated | 1930/1974 |
| Parking Ratio | 0.41/1,000 SF |
ABOUT THE PROPERTY
Multi-Level restaurant/Bar space for lease. 10,992 sq ft of total space over 3 floors plus lower level. Zoned DX-7. Fully Sprinklered building and new elevator being installed. approx. 3664 sq ft per floor. Main floor has full bar, kitchen with black iron and prep and dining room as well as 2 multi-stall bathrooms. Lower level has small bar, storage, office, bathroom as well as utility rooms. 2nd floor has another bar, dining area and bathrooms as well as a second kitchen with black iron. Dish hoods in both kitchens. 50 feet of frontage for outdoor patio, second floor garage doors to open front wall, and rear parking for owners or employees. Allowing this to be a great floor for private dining, events etc. 3rd floor currently set as storage and office but could be made into dining or event space. 800-amp 3 phase electric. Tons of potential in this space that housed Cafe Iberico for over 30 years. Amazing location in the heart of River North with endless vehicular traffic and neighborhood density. Close to train and highway with bus stops just outside the space.
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737-739 N La Salle Dr
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