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Roosevelt Square Phase II 1230 W Taylor St
2,616 SF of Retail Space Available in Chicago, IL 60607
Highlights
- Incredibly sought-after 2nd generation restaurant space with in-place black iron and existing kitchen equipment.
- Located across the street from a newly constructed 67-unit apartment building developed by one of Chicago’s most prominent developers, Related Midwest
- Conveniently located in between Illinois Medical District (IMD) and the University of Illinois at Chicago (UIC) campus.
- Highly visible corner retail opportunity in the heart of Little Italy with approximately 70’ of retail frontage.
- A part of Related Midwest’s Roosevelt Square development, which will deliver +2,000 units to the immediate area and ~45K of retail space.
- Easily accessible to public transportation via the CTA’s Blue and Pink “L” lines. The property also sits along the CTA’s 157 bus route (Streeterville/
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Restaurant | 2,616 SF | Negotiable | $69.68 CAD/SF/YR $5.81 CAD/SF/MO $750.01 CAD/m²/YR $62.50 CAD/m²/MO $15,190 CAD/MO $182,278 CAD/YR | Full Service |
1st Floor, Ste Restaurant
2nd Generation Corner Restaurant Space Available
- Rate includes utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
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 FOR 1230 W Taylor St , Chicago, IL 60607
| Property Type | Retail | Gross Leasable Area | 5,000 SF |
| Property Subtype | Storefront | Year Built | 2000 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,000 SF |
| Year Built | 2000 |
About the Property
Rarely available 2nd generation fully built out corner restaurant space. Highly visible corner retail opportunity in the heart of Little Italy with an excellent exposure opportunity with prominent Taylor Street frontage and outdoor patio seating. The space is located across the street from new construction 67-unit apartment building developed by one of Chicago’s most prominent developers, Related Midwest. The property is conveniently located in between Illinois Medical District (IMD) and the University of Illinois at Chicago (UIC) campus. IMD is estimated to welcome ~80,000 people on a daily basis: 30,000 employees and 50,000 patients, students and visitors. UIC, home to ~33,000 students (graduate and undergraduate) and +6,000 employees.
Nearby Major Retailers
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Roosevelt Square Phase II | 1230 W Taylor St
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