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South Loop/Roosevelt Rd Corridor Retail Space 1250 S Michigan Ave
2,092 SF of Retail Space Available in Chicago, IL 60605
HIGHLIGHTS
- High density area
- Thousands of new high-rise residential units constructed recently within 2 blocks
- Close to Grant Park, the Museum Campus, Soldier Field, and the Magnificent Mile
- Just steps from the Roosevelt CTA Station, with thousands of daily riders
- VERY high visibility Michigan Avenue address
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 2,092 SF | Negotiable | $14.99 /SF/YR $1.25 /SF/MO $31,359 /YR $2,613 /MO | Triple Net (NNN) |
1st Floor, Ste A
Recently vacated, second generation restaurant space, is FULLY BUILT OUT, and ready for a new tenant to start cooking. The space is in excellent condition, and is equipped with black iron, a hood, a grease trap, and more. Come see for yourself!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
- Space is in Excellent Condition
- Kitchen
- Private Restrooms
- Exposed Ceiling
- Plug & Play
- Fully Built Out Office Space
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.
SELECT TENANTS AT SOUTH LOOP/ROOSEVELT RD CORRIDOR RETAIL SPACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Andrew Applegate Foundation
- Services
- 1
- -
- Di Chen & Fei Mu Foundation Inc
- Services
- 1
- -
- Fit To Move
- Construction
- 1
- -
- Jimmy John's
- Sub Sandwich
- 3,419
- International
- Michigan Avenue Tower Condo Association
- Real Estate
- 1
- Regional
- Nail City & Spa
- Salon/Barber/Spa
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Andrew Applegate Foundation | Services | 1 | - |
| Di Chen & Fei Mu Foundation Inc | Services | 1 | - |
| Fit To Move | Construction | 1 | - |
| Jimmy John's | Sub Sandwich | 3,419 | International |
| Michigan Avenue Tower Condo Association | Real Estate | 1 | Regional |
| Nail City & Spa | Salon/Barber/Spa | 1 | Local |
PROPERTY FACTS FOR 1250 S MICHIGAN AVE , CHICAGO, IL 60605
| Total Space Available | 2,092 SF | Gross Leasable Area | 9,152 SF |
| Property Type | Retail | Year Built | 2006 |
| Property Subtype | Storefront | Parking Ratio | 3.5/1,000 SF |
| Total Space Available | 2,092 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,152 SF |
| Year Built | 2006 |
| Parking Ratio | 3.5/1,000 SF |
ABOUT THE PROPERTY
Exceptional location, right on the famed Michigan Avenue! Two spaces available, one immediately. Enjoy tons of car, public transportation and foot traffic, just steps from the corner of Michigan and Roosvelt, just 1 minute walk from the Roosevelt CTA Redline station. 1250 S. Michigan is across the street from NEMA Tower, and the site that the 2nd NEMA tower will be built on, and within 5 minutes walk from Grant Park, the Museum Campus, Soldier Field, several universities, hundreds of shops and restaurants, tens of thousands of residences, and more!
- Bus Line
NEARBY MAJOR RETAILERS
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South Loop/Roosevelt Rd Corridor Retail Space | 1250 S Michigan Ave
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