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Retail In Prime South Loop Location 1419 Wabash
1,917 SF of Retail Space Available in Chicago, IL 60605
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,917 SF | Negotiable | $34.00 /SF/YR $2.83 /SF/MO $365.97 /m²/YR $30.50 /m²/MO $5,432 /MO $65,178 /YR | Triple Net (NNN) |
1st Floor
Rarely available South Loop retail space on high traffic corner 1,917 SF ground floor space Current raw condition allows for numerous uses Part of a 251-unit luxury residential development Close proximity to Soldier Field, Grant Park, Museum Campus and Rush University Medical Center Close to public transportation Attractions in the area: Jewel, Walgreens, Starbucks, Trader Joes, Bank of America, a multitude of restaurants, theaters, hotels, gyms, chic boutiques and spas Real estate taxes: $3.82/SF CAM: $8.67/SF Traffic count: 3,747 vehicles daily Zoning: DX-7
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- 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 1419 Wabash , Chicago, IL 60605
| Property Type | Retail | Year Built | 2019 |
| Property Subtype | Storefront | Cross Streets | 14th |
| Gross Leasable Area | 1,917 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 1,917 SF |
| Year Built | 2019 |
| Cross Streets | 14th |
About the Property
Available for lease is 1,917 square foot of retail space in the desirable South Loop neighborhood. Ground floor of a 251-unit luxury residential building, this space is perfect for retail, spa or a restaurant. The 200,000 square foot building is situated on the corner, but this unit is located at the property’s south entrance. Just one block from the 40,000 SF Rush University Medical Center, the immediate neighborhood is home to numerous residential apartments and condos, retail, dining and entertainment options. Excellent visibility and possible signage opportunities. Additional parking available for tenants. The South Loop neighborhood is sought after because of its rapid retail and residential growth. The South Loop is one of Chicago’s most popular and vibrant shopping destinations and hosts a multitude of spas, restaurants and entertainment venues. Close proximity to Lake Shore Drive, Soldier Field, the Museum Campus and walking distance to the Loop.
Nearby Major Retailers
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Daniel Hyman -
Susan Silver -
Millennium Properties R/E, Inc.
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Retail In Prime South Loop Location | 1419 Wabash
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