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3446-3456 W Foster Ave
1,840 SF of Retail Space Available in Chicago, IL 60625
Highlights
- Rarely Available Retail Unit
- Surrounded by Universities/Schools (10,000+ Students)
- Located in Booming North Park Neighborhood
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3452 | 1,840 SF | 5-10 Years | $16.30 /SF/YR $1.36 /SF/MO $29,992 /YR $2,499 /MO | Modified Gross |
1st Floor, Ste 3452
Neighborhood Strip Center retail space available for lease for the first time in decades. This 1,840 square foot unit located in the North Park neighborhood of Chicago will be delivered in vanilla box condition. The plaza is perfectly located in-between North Park University (3,200 students) and Northeastern Illinois University (5,220 students), Plaza was recently upgraded with brand new asphalt parking lot (2022) and brand-new roof and façade (2023). The unit’s neighboring businesses include Sheeba Halal Restaurant, an Asian Grocery Store, a Korean Restaurant, and a Hookah Lounge. Shared parking lot and large marquee sign along foster included with the unit. Motivated Landlord to find a good long-term quality tenant.
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- Rarely Available Retail Unit
- Located in Booming North Park Neighborhood
- Surrounded by Universities/Schools (10,000+Stdnts)
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 3446-3456 W Foster Ave , Chicago, IL 60625
| Property Type | Retail | Year Built | 1974 |
| Property Subtype | Storefront | Parking Ratio | 2.26/1,000 SF |
| Gross Leasable Area | 8,860 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,860 SF |
| Year Built | 1974 |
| Parking Ratio | 2.26/1,000 SF |
About the Property
Neighborhood Strip Center retail space available for lease for the first time in decades. This 1,840 square foot unit located in the North Park neighborhood of Chicago will be delivered in vanilla box condition. The plaza is perfectly located in-between North Park University (3,200 students) and Northeastern Illinois University (5,220 students), Plaza was recently upgraded with brand new asphalt parking lot (2022) and brand-new roof and façade (2023). The unit’s neighboring businesses include Sheeba Halal Restaurant, an Asian Grocery Store, a Korean Restaurant, and a Hookah Lounge. Shared parking lot and large marquee sign along foster included with the unit.
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
Nearby Major Retailers
Presented by
3446-3456 W Foster Ave
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