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Millennium Station 151 N Michigan Ave
900 - 3,710 SF of Retail Space Available in Chicago, IL 60601
HIGHLIGHTS
- Excellent opportunity to join Starbucks, Sbarro, Burger King, Red Mango, and among many others.
- Premier storefront retail spaces located in the concourse level of Millennium Station.
- The property is located in Millennium Station.
- Captive daily commuter audience.
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level, Ste C-19 | 1,132 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| Lower Level, Ste C-41 | 900 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| Lower Level, Ste C-47 | 1,678 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
Lower Level, Ste C-19
1,132 square foot retail space available for lease in the retail concourse of Millennium Station.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Captive daily commuter audience.
- Storefront retail spaces on concourse level.
Lower Level, Ste C-41
900 square foot retail space available for lease in the retail concourse of Millennium Station.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Captive daily commuter audience.
- Storefront retail spaces on concourse level.
Lower Level, Ste C-47
1,678 square foot retail space available for lease in the retail concourse of Millennium Station.
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Central Air and Heating
- Captive daily commuter audience.
- Storefront retail spaces on concourse level.
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 151 N MICHIGAN AVE , CHICAGO, IL 60601
| Total Space Available | 3,710 SF | Year Built | 2005 |
| Property Type | Retail | Parking Ratio | 6.22/1,000 SF |
| Gross Leasable Area | 16,072 SF |
| Total Space Available | 3,710 SF |
| Property Type | Retail |
| Gross Leasable Area | 16,072 SF |
| Year Built | 2005 |
| Parking Ratio | 6.22/1,000 SF |
ABOUT THE PROPERTY
Excellent opportunity to join Starbucks, Sbarro, Burger King, Red Mango, and among many others. The property is located in Millennium Station. Premier storefront retail spaces located in the concourse level of Millennium Station.
NEARBY MAJOR RETAILERS
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Millennium Station | 151 N Michigan Ave
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