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NEWCITY 1457-1515 N Halsted St
20,033 SF of 4-Star Office Space Available in Chicago, IL 60642
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 3rd Floor, Ste 1457 | 20,033 SF | Jul 2029 | $42.19 CAD/SF/YR $3.52 CAD/SF/MO $454.15 CAD/m²/YR $37.85 CAD/m²/MO $70,436 CAD/MO $845,232 CAD/YR | Modified Gross |
3rd Floor, Ste 1457
Furniture available
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Fits 51 - 161 People
- 6 Private Offices
- 2 Conference Rooms
- 180 Workstations
- 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 1457-1515 N Halsted St , Chicago, IL 60642
| Property Type | Retail | Total Land Area | 8.50 AC |
| Property Subtype | Freestanding | Year Built | 2015 |
| Gross Leasable Area | 360,000 SF | Parking Ratio | 2.38/1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 360,000 SF |
| Total Land Area | 8.50 AC |
| Year Built | 2015 |
| Parking Ratio | 2.38/1,000 SF |
About the Property
Located in Lincoln Park, NewCity is a transit-oriented development (TOD) that will attract consumers from day to night that consists of: » Retail: 363,000 SF » Medical Office: 28,000 SF » Multi-Family: 199 Units 1-Block from the CTA, 1.8 million commuters annually utilizing adjacent train stop
- 24 Hour Access
- Bus Line
- Commuter Rail
- Courtyard
- Restaurant
- Signage
- Monument Signage
Nearby Major Retailers
-
Scott Becker -
Matthew Carolan -
JLL
Presented by
NEWCITY | 1457-1515 N Halsted St
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