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Logan Square 3215 W Armitage Ave
2,500 SF of Retail Space Available in Chicago, IL 60647
Highlights
- Daily Traffic Count: 13,220
- Business Support
- High Foot Traffic
- TIF Zone - Eligible
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,500 SF | Negotiable | $15.50 /SF/YR $1.29 /SF/MO $166.84 /m²/YR $13.90 /m²/MO $3,229 /MO $38,750 /YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Private Restrooms
- Security System
- Display Window
- High Foot Traffic
- Daily Traffic Count - 13,220
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 3215 W Armitage Ave , Chicago, IL 60647
| Property Type | Retail | Year Built | 2004 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.29/1,000 SF |
| Gross Leasable Area | 6,900 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 6,900 SF |
| Year Built | 2004 |
| Parking Ratio | 0.29/1,000 SF |
About the Property
The Shaun R. Pinkston & Associates Group (SRPAG) proudly presents this opportunity, offering flexible lease terms in the highly sought after Logan Square community in Chicago. North Milwaukee is the cross street that intersects Armitage where this space stands and features amazing restaurants, cocktail bars, and other robust metropolitan must haves; health & wellness, pet grooming services, spas, shopping, and community resource services to name a few. You will be in the heart of Logan Square's vibrant community and nestled amidst a tapestry of eccentric charm and bustling energies. Shaun R. Pinkston & Associates Group (SRPAG) is happy to express that approximately 2500 square feet of retail space welcomes the opportunity for an array of businesses. It is an extremely versatile space inviting business owners from various sectors to make their mark in this thriving neighborhood. Whether you envision a cozy pet shop, a culinary hotspot, a real estate hub, or a serene yoga studio, the possibilities are endless. Step outside of your doorstep and immerse yourself in the dynamic pulse of Logan Square. Discover an abundance of walkable amenities, from trendy eateries serving up culinary delights to lively entertainment venues hosting an array of performances. With public transportation just moments away, accessing this enclave couldn't be more convenient. Logan Square was voted Best Farmers Market in 2023 - making that 5 years in a row. Logan Square has so much to offer its business population to ensure a successful reign in the community. The former business in this space established themselves there for 15 years. Research courtesy of Shaun R. Pinkston & Associates Group (SRPAG) - this property is in a TIF ZONE & SBIF REIMBURSEMENT FOR APPROVED SPACE IMPROVEMENTS may be eligible: The space sits amidst the Fullerton/Milwaukee TIF district (applications closed August 30, 2024) Check in frequently as it may be reopened. Funding in the TIF area can be used by the tenants to help rehabilitate the spaces interior & exterior (facade) and install streetscape elements that reinforce neighborhood identity such as large planters, seating (as permitted), & functional placemaking options for the community. The funds are issued in the form of a reimbursement percentage once work is completed. Schedule your tour today, get into the LS Small Business rotation and let your business thrive amidst the vibrant energy of Armitage Avenue in the robust Logan Square community! MORE INCENTIVES Shaun R. Pinkston & Associates Group is happy to share that terms are negotiable - owner will entertain abatement requests (period of 3-6 months with a 2yr personal guarantee dependent upon financials). COMPLIMENTARY OFFERINGS: Up to 4 pole banners in the community for 24hr visibility on the corridors of: Armitage, Belmont, Diversey, Fullerton, & Milwaukee is offered by Shaun R. Pinkston & Associates Group. The banners will be branded with the company's name for a period of 2 years max at no cost to tenant. Benefits: The banners advertisements reach 7500 chamber subscribers. Requirement for complimentary promotion: Tenants must register the business for a 1yr membership with the Logan Square Chamber. Shaun R. Pinkston & Associates Group (SRPAG)will attend the business' grand opening ribbon cutting, the business will receive a new member spotlight with the commerce & events will be shared in the chamber newsletter and on the site.
- Bus Line
- Raised Floor
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
Nearby Major Retailers
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Shaun Pinkston -
Shaun R. Pinkston & Associates - Powered by KW1
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Logan Square | 3215 W Armitage Ave
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