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Fast Casual, Bronzeville Restaurant Business 321-325 E Pershing Rd
1,000 SF of Retail Space Available in Chicago, IL 60653
Sublease Highlights
- ***ASKING $99K FOR THE EXISTING EQUIPMENT, BUILD OUT AND LICENSES. Licenses include Retail Food; name and recipes are not available in the sale;
- Existing kitchen includes an 8ft hood with black iron (room to expand), ansil system, three compartment sink, grease trap, mop sink, multiple coolers,
- 1000 SF second generation restaurant, located on E Pershing Rd, just east of Martin Luther King Drive
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 325 | 1,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 325
***ASKING $99K FOR THE EXISTING EQUIPMENT, BUILD OUT AND LICENSES. 1000 SF second generation restaurant, located on E Pershing Rd, just east of Martin Luther King Drive. Surrounded by dense residential buildings, heavy traffic and ideal for a fast/casual tenant. Front space features a recently renovated build out, floor to ceiling windows, and bar height counter for customers. Existing kitchen includes an 8ft hood with black iron (room to expand), ansil system, three compartment sink, grease trap, mop sink, multiple coolers, drop down freezer and employee bathroom in the rear. Tall ceilings throughout, with ample storage and an office but no basement; Security system throughout; 200 AMP electrical; Licenses include Retail Food; name and recipes are not available in the sale; 0.3 Miles to the Indiana Green Line Train Station, plus easy access to the Expressway (I-90), Lake Shore Drive and multiple bus stops. Area tenants include: Marianos, Illinois DMV, Starbucks, BP Gas, Nappa Car Wash, Chicago’s Home of Chicken and Waffles, BP, CIBC, DG Market and much more!
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café 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.
PROPERTY FACTS FOR 321-325 E Pershing Rd , Chicago, IL 60653
| Property Type | Retail | Year Built | 1919 |
| Property Subtype | Freestanding | Parking Ratio | 3.59/1,000 SF |
| Gross Leasable Area | 4,174 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,174 SF |
| Year Built | 1919 |
| Parking Ratio | 3.59/1,000 SF |
About the Property
***ASKING $99K FOR THE EXISTING EQUIPMENT, BUILD OUT AND LICENSES. 1000 SF second generation restaurant, located on E Pershing Rd, just east of Martin Luther King Drive. Surrounded by dense residential buildings, heavy traffic and ideal for a fast/casual tenant. Front space features a recently renovated build out, floor to ceiling windows, and bar height counter for customers. Existing kitchen includes an 8ft hood with black iron (room to expand), ansil system, three compartment sink, grease trap, mop sink, multiple coolers, drop down freezer and employee bathroom in the rear. Tall ceilings throughout, with ample storage and an office but no basement; Security system throughout; 200 AMP electrical; Licenses include Retail Food; name and recipes are not available in the sale; 0.3 Miles to the Indiana Green Line Train Station, plus easy access to the Expressway (I-90), Lake Shore Drive and multiple bus stops. Area tenants include: Marianos, Illinois DMV, Starbucks, BP Gas, Nappa Car Wash, Chicago’s Home of Chicken and Waffles, BP, CIBC, DG Market and much more!
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Fast Casual, Bronzeville Restaurant Business | 321-325 E Pershing Rd
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