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700 N La Salle St
1,500 - 5,365 SF of Retail Space Available in Chicago, IL 60654
Highlights
- For Sale or Lease
- Infill Location In the Heart of River North
- Surrounded By Tremendous Demos
- Unique Single Story / Single Tenant Building
- Prominent Pylon Sign W/ Visibility to 25K+ VPD
- Tenant Recently Vacated & Ready For Occupancy
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
Space | Size | Term | Rental Rate | Rent Type | ||
1st Floor | 1,500-5,365 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Back on the market! Available for lease or sale. Rarely available stoplight corner with single tenant / single story structure. Prime location in the heart of River North. Mostly wide open, clear span space (i.e. no columns) with high ceilings. Surrounded by recent rapid growth in high rise apartment building developments. Dense demos and high incomes (+/- $165k avg. hh income in a quarter mile radius). Iconic existing large pylon sign with tremendous visibility. Ideal uses include retail and medical. Contact broker for pricing.
- Premier Corner Branding Opportunity
- Mostly Clear Span, Column Free Space
- High Ceilings - +/- 13 ft. Clear
- Unique Single Tenant / Single Story Building
- Recognizable & Highly Visible Pylon Sign
- Existing Drive In Door Off Huron
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 700 N La Salle St , Chicago, IL 60654
Min. Divisible | 1,500 SF | Gross Leasable Area | 5,365 SF |
Property Type | Retail | Year Built | 1955 |
Property Subtype | Freestanding | Cross Streets | W Huron St. |
Min. Divisible | 1,500 SF |
Property Type | Retail |
Property Subtype | Freestanding |
Gross Leasable Area | 5,365 SF |
Year Built | 1955 |
Cross Streets | W Huron St. |
About the Property
Unique single tenant / single story retail building at the stoplight corner of LaSalle & Huron in River North. Efficiently laid out with mostly wide open, column free space and high ceilings (i.e. no dead space). Drive in door off Huron.
- Signage
Nearby Major Retailers
Presented by
700 N La Salle St
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