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1554 W North Ave
5,057 SF of Retail Space Available in Chicago, IL 60642
Highlights
- Drive-Thru Building
- Signalized Intersection
- Near Public Transit
- Private Parking Lot
- 1 Block to Highway
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,057 SF | Negotiable | $56.26 CAD/SF/YR $4.69 CAD/SF/MO $605.53 CAD/m²/YR $50.46 CAD/m²/MO $23,707 CAD/MO $284,487 CAD/YR | Triple Net (NNN) |
1st Floor
Rare freestanding building with drive-thru and parking on Chicago's north side. Former bank building with covered drive-thru lanes. 2 points of ingress/egress, RARE parking for 10 vehicles. Busy frontage on both North and Ashland Avenues. Located on high-traffic, urban business corridor at signalized intersection. 1 block from I-90/94 access at 2 CTA bus stops and 4 blocks from 2 blue line stations. High-income area, densely surrounded by residential neighborhoods.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Space is in Excellent Condition
- Corner Space
- Drive Thru
- Drive-Thru Building
- Private Parking Lot
- Signalized Intersection
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 1554 W North Ave , Chicago, IL 60642
| Property Type | Retail | Year Built | 2008 |
| Property Subtype | Bank | Parking Ratio | 1.98/1,000 SF |
| Gross Leasable Area | 5,057 SF | Cross Streets | N Ashland Ave. |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 5,057 SF |
| Year Built | 2008 |
| Parking Ratio | 1.98/1,000 SF |
| Cross Streets | N Ashland Ave. |
About the Property
Rare freestanding building with drive-thru and parking on Chicago's north side. Former bank building with covered drive-thru lanes. 2 points of ingress/egress, RARE parking for 10 vehicles. Busy frontage on both North and Ashland Avenues. Located on high-traffic, urban business corridor at signalized intersection. 1 block from I-90/94 access at 2 CTA bus stops and 4 blocks from 2 blue line stations. High-income area, densely surrounded by residential neighborhoods.
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
-
Kelsey Gross -
Michael Asfour -
Brookline Real Estate
Presented by
1554 W North Ave
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