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The Shops & Lofts at Forty-Seven 4720 S Cottage Grove Ave
1,000 - 4,841 SF of Retail Space Available in Chicago, IL 60615
Highlights
- Two 2nd generation restaurant spaces at the high-traffic intersection of 47th & Cottage Grove
- 2,207 SF inline restaurant space with black iron ventilation
- 22,000+ vehicles per day daily vehicle count, 72 residential units above, 85 Parking spaces for customers
- 2,634 SF former corner Burger King location with black iron and substantial restaurant equipment
- Excellent co-tenancy in the immediate area including Dollar Tree, McDonald's, Associated Bank
- Adjacent to new 120,000 SF Northwestern, Centrally located in the Bronzeville neighborhood, 22,000+ daily vehicle count
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 733 E 47th St | 1,000-2,634 SF | - | Negotiable | $29.00 /SF/YR $2.42 /SF/MO $312.15 /m²/YR $26.01 /m²/MO $6,366 /MO $76,386 /YR | Triple Net (NNN) | |
| 1st Floor, Ste 737 E 47th St | 2,207 SF | 8’ | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $279.86 /m²/YR $23.32 /m²/MO $4,782 /MO $57,382 /YR | Triple Net (NNN) |
1st Floor, Ste 733 E 47th St
Former Burger King location 2nd generation restaurant space with black iron and lots of equipment Customer parking Available immediately
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
1st Floor, Ste 737 E 47th St
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Finished Ceilings: 8’
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 4720 S Cottage Grove Ave , Chicago, IL 60615
| Min. Divisible | 1,000 SF | Gross Leasable Area | 54,932 SF |
| Property Type | Retail | Year Built | 2014 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 1.58/1,000 SF |
| Min. Divisible | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 54,932 SF |
| Year Built | 2014 |
| Parking Ratio | 1.58/1,000 SF |
About the Property
SVN Chicago Commercial is pleased to offer 733-37 E. 47th Street FOR LEASE. Located in The Shops at Forty-Seven in the heart of Bronzeville, the subject spaces are a 2,634 square foot former Burger King and a 2,207 square foot inline restaurant space with black-iron ventilation. It's located at the heavily trafficked intersection of 47th St & Cottage Grove Ave. and benefits from excellent national/regional co-tenancy along with excellent visibility, customer parking for 85 cars and 72 residential units above. Please contact the Listing Advisors for further information. The Burger King 2nd generation restaurant space has a tremendous amount of existing infrastructure including black iron venting, ovens, fryers, walk-in coolers and freezers. Ready to go for a new food/restaurant operator.
- Bus Line
- Signalized Intersection
Nearby Major Retailers
-
Jacob Strom -
Wayne Caplan -
Adam Napp -
SVN Chicago Commercial
Presented by
The Shops & Lofts at Forty-Seven | 4720 S Cottage Grove Ave
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